Side-by-side comparison of Harrisburg, PA and Cranberry Twp, PA — cap rates, rent, prices, and investment metrics.
Cash flow: Harrisburg has the edge with an estimated cap rate of 5.18% compared to Cranberry Twp's 3.14%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $155,000 in Harrisburg vs $345,000 in Cranberry Twp, while rents come in at $1,020/mo and $1,580/mo respectively.
Growth & appreciation: Cranberry Twp is growing faster at 1.5% annually vs Harrisburg's 0.1%. Cranberry Twp leads on home value appreciation at 2.8% per year.
Costs & risk: Property taxes are 1.4% in Harrisburg vs 1.32% in Cranberry Twp. Vacancy rates of 6.5% and 4.2% are mixed — Cranberry Twp has the tighter rental market.
Bottom line: Cranberry Twp edges out Harrisburg on most key metrics. While cap rates are moderate at 3.14%, Cranberry Twp's overall profile is stronger. Use our free calculators to model specific deals in Harrisburg or Cranberry Twp.