Mount Gretna, 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 Mount Gretna, Pennsylvania rental market.
Mount Gretna, Pennsylvania
Average Apartment Rent
$1,545
Y-o-Y Change in Average
Apartment Rent
2.1%
As of July 2024
Compared to a year ago, Mount Gretna, Pennsylvania apartments have recorded a 2.1% rent increase.
Mount Gretna, Pennsylvania |Average apartment rent trend
Mount Gretna, Pennsylvania| Average apartment rent
Mount Gretna, Pennsylvania | Apartment rent ranges
At 62.07%, apartments priced $1,500 - $2,000 represent the bulk of Mount Gretna, Pennsylvania rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 37.93%.
Mount Gretna, Pennsylvania | Housing tenure**
Renters take up 7% of Mount Gretna, Pennsylvania real estate, occupying a total of 6 units, while homeowners live in 85 properties.
Median number of rooms of renter-occupied housing units**
5.8
Average household size of renter-occupied housing units**
1.33
Rental vacancy rate**
40%
Mount Gretna, Pennsylvania | Renter-occupied housing units by no. of bedrooms**
There are 4 rentals in Mount Gretna, Pennsylvania with 4 beds making up the highest share of the market, at 67%. Units with 2 beds, on the other hand, hold the lowest percentage (17%), amounting to 1 units. Overall, the median number of rooms in Mount Gretna, Pennsylvania homes for rent is 5.8.
Mount Gretna, Pennsylvania |Renter-occupied units by age of householder**
Most condos for rent in Mount Gretna, Pennsylvania are occupied by residents in the 45 - 54 years age group (67%), followed by those in the 65 - 74 years age group (17%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 17%.
Mount Gretna, Pennsylvania | Renter-occupied housing units by family type**
Mount Gretna, Pennsylvania | Renter-occupied housing units by the presence of own children**
Mount Gretna, Pennsylvania | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Mount Gretna, Pennsylvania.
Mount Gretna, Pennsylvania | Renter-occupied units by year structure built**
All Mount Gretna, Pennsylvania apartment rentals, namely 6 units, were Built 1939 or earlier.
Mount Gretna, Pennsylvania | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Mount Gretna, Pennsylvania renters (83%) moved in 2018 to 2020, while only 17% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Mount Gretna, Pennsylvania condos for rent is 2019.
Mount Gretna, Pennsylvania | Renter-occupied housing units by vehicles available**
Mount Gretna, Pennsylvania | Means of transportation to work of householders living in renter-occupied housing units**
When it comes to transportation options, all Mount Gretna, Pennsylvania renters have 1 or more vehicles available per household.
Mount Gretna, Pennsylvania |Geographical mobility in the past year for householders living in renter-occupied housing units**
Mount Gretna, 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 Mount Gretna, 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