Mechanicsburg, Pennsylvania Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Mechanicsburg, Pennsylvania rental market.
Mechanicsburg, Pennsylvania
Average Apartment Rent
$1,433
Y-o-Y Change in Average
Apartment Rent
2.8%
As of July 2024
Compared to a year ago, Mechanicsburg, Pennsylvania apartments have recorded a 2.8% rent increase.
Mechanicsburg, Pennsylvania |Average apartment rent trend
Mechanicsburg, Pennsylvania| Average apartment rent
Mechanicsburg, Pennsylvania | Apartment rent ranges
At 49.36%, apartments priced $1,000 - $1,500 represent the bulk of Mechanicsburg, Pennsylvania rentals, while condos priced Over $2,000 hold the lowest share of the market – 3.18%.
Mechanicsburg, Pennsylvania | Housing tenure**
Renters take up 32% of Mechanicsburg, Pennsylvania real estate, occupying a total of 1,340 units, while homeowners live in 2,842 properties.
Median number of rooms of renter-occupied housing units**
4.7
Renter median household income**
$55,765
Average household size of renter-occupied housing units**
2
Mechanicsburg, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 580 rentals in Mechanicsburg, Pennsylvania with 2 beds making up the highest share of the market, at 43%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 11 units. Overall, the median number of rooms in Mechanicsburg, Pennsylvania homes for rent is 4.7.
Mechanicsburg, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Mechanicsburg, Pennsylvania are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 45 - 54 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Mechanicsburg, Pennsylvania | Renter-occupied housing units by family type**
Mechanicsburg, Pennsylvania | Renter-occupied housing units by the presence of own children**
A total of 727 apartments for rent in Mechanicsburg, Pennsylvania, or 54% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 366 units. All in all, the median size of a renter-occupied household in Mechanicsburg, Pennsylvania is 2.
Mechanicsburg, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in Mechanicsburg, Pennsylvania.
Mechanicsburg, Pennsylvania | Renter-occupied units by year structure built**
The highest share of Mechanicsburg, Pennsylvania apartment rentals, namely 36% or 485 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (21%, 278 units), and the ones Built 1970 - 1979 (16%, 215 units).
Mechanicsburg, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Mechanicsburg, Pennsylvania renters (37%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mechanicsburg, Pennsylvania condos for rent is 2015.
Mechanicsburg, Pennsylvania | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 59% of Mechanicsburg, Pennsylvania renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 13% have No vehicle available.
Mechanicsburg, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
Mechanicsburg, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Mechanicsburg, Pennsylvania | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Mechanicsburg, Pennsylvania apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates