Chambersburg, Pennsylvania Housing Market Prices
Chambersburg Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 15% below the Pennsylvania median$129,195
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Median rent 9% below the Pennsylvania median$1,098
Housing Market Overview
| Metric | Chambersburg | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,195 | $152,469 | $248,835 |
| Price Trend (Annual %) | 13.4% | 3.7% | 7.5% |
| Median Gross Rent | $1,098 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Chambersburg is about 15% lower than in Pennsylvania. Rent is about 9% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Chambersburg, up about 13.4% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Chambersburg rose about 41.7% between 2015 and 2024, from $775 to $1,098. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Chambersburg.
Buying the median-priced home in Chambersburg costs roughly 9.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chambersburg. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Chambersburg | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $129,195 | $152,469 | $248,835 |
| Median Household Income | $56,629 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Chambersburg rose about 25.6%, while median household income rose about 42.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Chambersburg | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.7% | 63.0% | 58.5% |
| Rental Rate | 54.6% | 27.9% | 31.2% |
| Vacancy Rate | 4.7% | 9.1% | 10.2% |
| Median Tenure (years) | 12.0 | 17.0 | 15.0 |
| Median Year Moved In | 2014 | 2009 | 2011 |
Chambersburg has a homeownership rate of 40.7%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 4.7%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Chambersburg | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.19 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1967 | 1966 | 1978 |
| Median Number of Rooms | 5.5 | 6.0 | 5.5 |
The typical housing unit in Chambersburg was built around 1967. On average, 2.2 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Chambersburg, Pennsylvania.
What is the median home price in Chambersburg, Pennsylvania?
The median home price in Chambersburg, Pennsylvania is $129,195, lower than the Pennsylvania average of $152,469.
What is the average home price in Chambersburg, Pennsylvania?
The typical home price in Chambersburg, Pennsylvania, reported as the median sale price, is $129,195. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Chambersburg, Pennsylvania?
The median gross rent in Chambersburg, Pennsylvania is $1,098 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Chambersburg in 2020?
In 2020, the median gross rent in Chambersburg, Pennsylvania was $844 per month.
What is the price-to-rent ratio in Chambersburg, Pennsylvania?
The price-to-rent ratio in Chambersburg, Pennsylvania is about 9.8, meaning it would take roughly 9.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Chambersburg.
Are home prices or rent rising faster in Chambersburg, Pennsylvania?
Both home prices and rent are rising in Chambersburg, up about 13.4% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Chambersburg, Pennsylvania?
40.7% of households in Chambersburg, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Chambersburg, Pennsylvania?
The housing vacancy rate in Chambersburg, Pennsylvania is 4.7%, lower than the Pennsylvania average of 9.1%.
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