LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,694
Monthly Cash Flow
-$968
Principal + Equity
$2,404
Annual Total Gain
$17,227
Cash on Cash
-11.71%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Places to Retire in Pennsylvania
#100out of 1311 markets
Best Places to Raise a Family in Pennsylvania
#126out of 1528 markets
Places with the Best Public Schools in Pennsylvania
#56out of 1310 markets
A
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hershey, PA.
As of September 2021, Hershey, PA does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of STRs on the local community, including issues such as noise, parking, and property maintenance. It is important to be a responsible host and to ensure that guests are respectful of the neighborhood and local regulations.
Additionally, investors should be aware of any homeowners' association rules or restrictions that may apply to STRs in the area. It is important to carefully review any governing documents and to seek legal advice if necessary.
Overall, while Hershey, PA does not currently have specific regulations for STRs, investors should stay informed about any potential changes and consider the impact of STRs on the local community before investing in a property for short term rental purposes.
Market Trends Over Time
Explore 25 years of market data for Hershey, PA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Hershey, PA.
The LTR Genie Score of Hershey, PA is 56, indicating a moderate level of rentability for long-term rental properties in the area. This is likely influenced by the stagnant LTR rent growth rate of 0.0%. On the other hand, the STR Genie Score is 84, signifying a high level of rentability for short-term rental properties, with a strong net ROI of 35.34%. The higher STR Genie Score could be attributed to the impressive STR occupancy rate of 67.86% and revenue of 3742.
Hershey, PA is a popular tourist destination known for its chocolate-themed attractions, including Hersheypark and the Hershey's Chocolate World. This could explain the high demand for short-term rental properties in the area, leading to a higher STR Genie Score compared to LTR Genie Score.
Considering the metrics provided, Hershey, PA seems to be more attractive for short-term rental investment due to the high STR Genie Score and strong net ROI. Investors looking to capitalize on the tourism industry in the area may find success with short-term rental properties. However, it is important to conduct further research and analysis to make an informed decision based on individual investment goals and risk tolerance.
