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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Orrstown, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Orrstown, PA Housing Market Trends

With 213 people, 141 houses or apartments, and a median cost of homes of $247,565, house prices in Orrstown are solidly below the national average.

Single-family detached homes are the single most common housing type in Orrstown, accounting for 54.09% of the borough's housing units. Other types of housing that are prevalent in Orrstown include large apartment complexes or high rise apartments ( 30.19%), row houses and other attached homes ( 9.43%), and a few mobile homes or trailers ( 3.14%).

The most prevalent building size and type in Orrstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 60.08% owning and 39.92% renting.

The housing in Orrstown was primarily built before 1939 ( 50.94%), making the housing stock in Orrstown some of the oldest overall in America, although there is a range of ages of homes in Orrstown. The next most important housing age is between 1940-1969 ( 45.28%), followed by between 1970-1999 ( 3.14%).

Vacant housing appears to be an issue in Orrstown. Fully 11.32% of the housing stock is classified as vacant. Left unchecked, vacant Orrstown homes and apartments can be a drag on the real estate market, holding Orrstown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Orrstown Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Orrstown, where house values have increased just 52.99%, which is annualized rate of 4.34%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Orrstown that despite a nationwide downturn in the housing market, Orrstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Orrstown appreciation rates continue to be some of the highest in America, at 11.46%, which is higher than appreciation rates in 92.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Orrstown. Orrstown appreciation rates in the latest quarter were at 6.55%, which equates to an annual appreciation rate of 28.91%.

Importantly, this makes Orrstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.

Relative to Pennsylvania, our data show that Orrstown's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

Median Home Value

$247,565

Orrstown, PA Home Prices
> $1,325,000
$994,001 - $1,325,000
$663,001 - $994,000
$530,001 - $663,000
$398,001 - $530,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.2%
0.2%
0.0%
0.0%
1.4%
1.4%
9.3%
9.3%
1.7%
1.7%
28.1%
28.1%
50.9%
50.9%
5.7%
5.7%
2.6%
2.6%
0% 100.0%
% of Homes
Average

for Pennsylvania

Average

for nation

Number of Homes And Apartments:

141

Orrstown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,349 / per month

Homeownership Rate

Owners
Renters
60.1%
60.1%
39.9%
39.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.3%
11.3%
88.7%
88.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.6%
0.6%
3.1%
3.1%
45.3%
45.3%
50.9%
50.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.1%
54.1%
9.4%
9.4%
3.1%
3.1%
30.2%
30.2%
3.1%
3.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
8.8%
8.8%
12.6%
12.6%
18.2%
18.2%
33.3%
33.3%
16.4%
16.4%
10.7%
10.7%
0% 100.0%
% of Homes