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MarketsPennsylvaniaLewisburgRental Property Investment Guide

Rental Property Investment Guide: Lewisburg, PA

Updated 2026 · Based on median market data for Lewisburg, PA

Cap Rate
3.14%
Median Price
$280K
Rent/Mo
$1,320
1% Rule
0.47%
Fails

Market Snapshot

Lewisburg sits in the Northeast with a population of 50,000 growing at 0.2% annually. The median home costs $280,000 while rents average $1,320/mo, producing an estimated cap rate of 3.14%. Cash flow investing here requires creative strategies like BRRRR or value-add approaches.

Who Should Invest Here

Lewisburg works best for experienced investors with a clear strategy — Section 8, student housing, or deep value-add rehabs. The 3.14% cap rate at median prices is tight, so success depends on buying below market, forcing appreciation through renovation, or accessing above-market rent streams through niche tenant bases.

Deal Criteria for Lewisburg

Target properties priced 15-25% below the $280,000 median — around $224,000 or less. At this price point with $1,320/mo rents, your cap rate improves to roughly 4.5%. Factor in 1.38% property taxes ($3,864/yr), budget 5% of gross rent for maintenance, and underwrite to a 6% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,912.

Risks and Considerations

Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.

Next Steps

Run the numbers on a specific Lewisburg property using our cap rate calculator (pre-filled with Lewisburg data). Compare Lewisburg against similar markets in the Northeast region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.

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How Lewisburg Compares

Lewisburg vs Pennsylvania state average and national average across key investment metrics. Lewisburg's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Lewisburg
Pennsylvania Avg
National Avg
Cap Rate
3.14%
3.81%
3.81%
Median Price
$280K
$244K
$333K
Median Rent
$1,320
$1,250
$1,524
Property Tax
1.38%
1.38%
1.08%
Vacancy
6%
6%
5.6%
Pop. Growth
0.2%/yr
0.2%/yr
0.9%/yr

Nearby Northeast Markets

City
Cap Rate
Price
Rent
Tax
Lewisburg, PA
3.1%
$280K
$1,320
1.38%
Chambersburg, PA
2.6%
$280K
$1,200
1.38%
Buffalo, NY
3.2%
$270K
$1,370
1.69%
Vineland, NJ
3.9%
$270K
$1,650
2.18%
Rochester, NY
3.8%
$265K
$1,500
1.72%

Frequently Asked Questions

Is Lewisburg, PA a good place to invest in rental property?
Lewisburg has an estimated cap rate of 3.14%, which is below the national average of 3.81%. With median home prices at $280K and rents of $1,320/mo, pure cash flow investing in Lewisburg is challenging at median prices, but value-add strategies can work. Population growth of 0.2% and 6% vacancy rate suggest moderate rental demand.
What is the average cap rate in Lewisburg?
The estimated cap rate for Lewisburg is 3.14%, based on median home prices of $280K, median rents of $1,320/mo, a 1.38% property tax rate, and 6% vacancy. This compares to a 3.81% average across Pennsylvania and 3.81% nationally. Cap rates for individual properties will vary based on purchase price, actual rents, and property condition.
How much does a rental property cost in Lewisburg?
The median home price in Lewisburg is $280,000, which is 16% below the national average of $333,419. A 20% down payment would be approximately $56,000. Investment properties in Lewisburg range significantly — targeting properties 15-25% below median can improve your cap rate substantially.
What are Lewisburg property taxes for investors?
Lewisburg's effective property tax rate is 1.38%, which is above the Pennsylvania average of 1.38% and above the national average of 1.08%. On a $280K property, annual taxes are approximately $3,864 ($322/mo). Property taxes are moderate and manageable.
Full Lewisburg Analysis →Cap Rate CalculatorBRRRR Calculator

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