Gettysburg, PA Cap Rate: 2.02% — Rental Property Analysis
Gettysburg is a mid-range market in the Northeast with a small but investable metro of 50,000. At a 2.02% estimated cap rate, this is a appreciation-focused market where rents of $1,210/mo lag behind home prices. With a median home price of $325,000 and population is roughly stable, Gettysburg is primarily an appreciation play that requires creative strategies to generate positive cash flow.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
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Challenging for pure cash flow
Based on $325,000 median price and $1,210/mo median rent
Est. Cap Rate
2.02%
1% Rule
0.37%
Fails
GRM
22.4x
Price / Income
6.8x
Market Data
Median Home Price$325,000
Median Monthly Rent$1,210
Property Tax Rate1.38%
Population50,000
Population Growth0.2% / yr
Median Household Income$47,800
Vacancy Rate6%
Annual Appreciation2.3%
2026 Market Update: Gettysburg
Gettysburg's 0.4% rent-to-price ratio is well below the 1% rule. At median prices of $325,000, the $1,210/mo rent produces only $547/mo in NOI. Investors here need to target below-median properties or pursue value-add strategies to make the numbers work.
At current rates, a 20% down conventional loan ($65K at 7%) would result in approximately $-1,182/mo cash flow — negative at median prices. Larger down payments, seller financing, or buying 15–25% below median are strategies to turn the numbers positive.
Property taxes consume 31% of gross rent here — one of the highest ratios in our dataset. This significantly compresses margins and makes Gettysburg a market where tax-conscious underwriting is essential. Every deal should be stress-tested with potential assessment increases.
Cap Rate Calculator — Gettysburg
Pre-filled with Gettysburg medians. Adjust to match a specific property.
Property Details
$
$
3–8% typical
%
Monthly Expenses
1.38% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
1.62%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$5,249
net operating income
Gross Rent Multiplier
22.4x
High (>15)
1% Rule
0.37%
✗ Fails
Monthly Cash Flow
$437
before debt service
Annual Breakdown
Gross Rental Income$14,520
Less Vacancy−$871
Effective Income$13,649
Less Operating Expenses−$8,400
Net Operating Income$5,249
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Factor in financing to see your actual return on invested capital in Gettysburg.
$
$81,250
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-11.70%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$91,000
$81,250 down + $9,750 closing
Monthly Mortgage
$1,589
on $244K loan
Monthly Cash Flow
$-887
after all expenses
Annual Cash Flow
$-10,645
before taxes
Cash Flow Breakdown
Monthly Rent$1,210
Less Expenses−$508
Less Mortgage−$1,589
Monthly Cash Flow$-887
Is Gettysburg a Good Place to Invest in Rental Property?
Gettysburg, PA has a population of 50,000 and has been growing at 0.2% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $325,000 paired with median rents of $1,210/mo produces an estimated cap rate of 2.02%.
Property taxes at 1.38% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 6.8x, homes cost about 6.8 times the local median income of $47,800. This elevated ratio means homeownership is stretched, supporting rental demand but limiting buyer pools. Home values have appreciated at roughly 2.3% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Gettysburg is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.
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