Market Conditions in 17403>Question Details

Kevin Harris…, Other/Just Looking in 21030

what is the avg. rental of a 3br./2ba 2,000 sq.ft. house going for in 17403 York Pa?

Asked by Kevin Harrison Sr., 21030 Mon Jul 23, 2007

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Nevin, did I misunderstand your question, or are you asking what it costs to rent in York?

It seems like such a simple question, but has so many answers. Let me give you some information I found on the York MLS under the new rental category.

Homes with 2000 square feet of total living space tended to be 4 and 5 bedroom homes but there was one 3 bedroom home in the group. They rented from $1300 up to $2600 per month.

Those homes were all detached. Of course you can find duplexes, townhomes and condos for somewhat less than that. Single homes in some of the many towns and cities in York County that can be rented for far less if you are willing to live 'down town'. A client of mine has decided that she needs to rent for a while and she is finding that the nicer condos and townhomes are going for $800 to $1500 per month.

If there ever is a good time to rent, this might be it. First, because home prices rose fairly quickly a couple of years ago, rents did not keep up with purchase prices. (many owners are finding that their recent purchases don't rent for enough to cover the actual costs) The second reason that renting is an option now is that there are some sellers who are considering renting out their homes until the market starts steaming upward again.

In spite of what I have said above, as an investor I am finding that my rental units fill up as quickly as they become available. I almost always get multiple calls from well qualified prospects.

My feeling is that if you plan to stay in one place for some time and you can get together enough for the down payment and closing costs, then buying is a better way to build up your net worth. However if you need to rent, you are in luck to be looking right now when there may be some initial financial advantage to being a renter.

I hope my looooong answer is helpful!

Eileen Musser, Realtor, ePro, EcoBroker
serving York and Lancaster Pennsylvania
1 vote Thank Flag Link Tue May 6, 2008
Check out the Rentometer site, they have a pretty good way for you to get a crude estimate of the rents based on number of bedrooms in the area. You can even zoom in on the map there. I use it for my research on rents.
0 votes Thank Flag Link Thu Oct 21, 2010
Kevin - there are more in the oTHER mls system we use in this area - HERE THEY ARE...
These are also taken form the begining of the year up to today. THey show homes available, pending AND sold. If you wish to get some assistance to sell I would be honored to help you...Brooke PaHotListings.com

CMA Summary ReportResidential/Farm - Active
Status ADDRESS SqFt Abv G Total Tax DOM SqFt Abv G DOM LP $/SqFt Abv G SP $/SqFt Abv G
Active 4 CAMPBELL PL 1675 1700 39 1675 39 $120,000 $71.64
Active 826 Pennsylvania Ave. 1248 1646 123 1248 123 $156,900 $125.72
Active 226 Walnut Street 1794 1708 14 1794 14 $159,900 $89.13
Active 133 HERMAN AVE 1454 1361 88 1454 88 $164,900 $113.41
Active 531 N Second Street 1550 1851 110 1550 110 $169,531 $109.37
Active 260 WALTON STREET 2000 1925 28 2000 28 $219,900 $109.95
Active 32 Dougherty Drive 2330 3502 13 2330 13 $239,900 $102.96
Active 30 Dougherty Drive 2330 3502 14 2330 14 $239,900 $102.96
Active 28 Dougherty Drive 2330 3502 14 2330 14 $239,900 $102.96
Active 26 Dougherty Drive 2330 3205 14 2330 14 $239,900 $102.96
Active 34 Dougherty Drive 2330 3779 14 2330 14 $257,900 $110.69
Active 103 Oakwood Drive 2436 4300 33 2436 33 $439,500 $180.42
Active 18 Crain Circle 2950 6400 67 2950 67 $574,900 $194.88
Total Listings Avg Avg Avg Avg Avg
13 43 $247,925 $116
Residential/Farm - Pending
Status ADDRESS SqFt Abv G Total Tax DOM SqFt Abv G DOM LP $/SqFt Abv G SP $/SqFt Abv G
Pending 71 Hummel Ave 1663 2400 24 1663 24 $179,900 $108.18
Pending 66 Hummel Avenue 1442 2028 0 1442 0 $182,900 $126.84
Total Listings Avg Avg Avg Avg Avg
2 12 $181,400 $117
Residential/Farm - Sold
Status ADDRESS SqFt Abv G Total Tax DOM SqFt Abv G DOM LP $/SqFt Abv G SP $/SqFt Abv G
Sold 210 HUMMEL AVE 1582 1800 4 1582 4 $139,900 $88.43 $139,900 $88.43
Sold 647 N Second St. 1749 2056 35 1749 35 $174,900 $100.00 $175,000 $100.06
Sold 510 WASHINGTON TERRACE 1782 2234 33 1782 33 $199,900 $112.18 $194,000 $108.87
Sold 504 Ohio Avenue 1603 2416 15 1603 15 $204,900 $127.82 $195,000 $121.65
Sold 726 Indiana Avenue 2895 3500 7 2895 7 $389,900 $134.68 $427,100 $147.53
Total Listings Avg Avg Avg Avg Avg
5 18 $221,900 $112 $226,200 $113

Residential/Farm Summary Statistics

High Low Average Median
LP: $574,900 $120,000 $234,766 $202,400
SP: $427,100 $139,900 $226,200 $194,000
0 votes Thank Flag Link Mon Oct 15, 2007
Hi Kevin - THere are VERY FEW OUT THERE in the last 12 mths but here is a short CMA Summary taken form the York County MLS. I will try the OTHER mls systme to see what is there also...Hope this helps Kevin!

CMA Summary ReportRESIDENTIAL/FARMS - Active
MLS # Status ADDRESS L/P DOM Ttl Fin SF DOM LP $/Ttl Fin SF SP $/Ttl Fin SF
20709814 ACTIVE 724 S NEWBERRY ST $64,900 19 972 19 $64,900 $66.77
20709830 ACTIVE 726 S NEWBERRY ST $64,900 19 972 19 $64,900 $66.77
20709833 ACTIVE 728 S NEWBERRY ST $64,900 19 972 19 $64,900 $66.77
20709835 ACTIVE 730 S NEWBERRY ST $64,900 19 972 19 $64,900 $66.77
20709740 ACTIVE 50 Nina Drive $314,900 69 3283 69 $314,900 $95.92
Total Listings Avg Avg Avg Avg Avg
5 29 $114,900 $72

RESIDENTIAL/FARMS Summary Statistics

High Low Average Median
LP: $314,900 $64,900 $114,900 $64,900
SP: $0 $0 $0 $0
0 votes Thank Flag Link Mon Oct 15, 2007
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