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These days, finding an affordable place to live in the Hershey area can be challenging. Home prices in Hershey are now at a median cost of $371,883, higher than the Pennsylvania average of $288,156.
The average cost of rent is $1,308/mo in Hershey, primarily driven by the current value of real estate in the Hershey area. In Hershey, 42.99% of households rent, and 40.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hershey is $7,497 per month. Households that rent pay about 17.45% of their income on rent here. Hershey’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hummelstown, PA: equally priced homes
- Campbelltown, PA: equally priced homes
- Palmyra, PA: less expensive homes
- Deodate, PA: equally priced homes
- Syner, PA: equally priced homes
- Middletown, PA: less expensive homes
- Mount Wilson, PA: less expensive homes
- Annville, PA: less expensive homes
- Bellaire, PA: equally priced homes
- Royalton, PA: less expensive homes
Cities with Similar Populations
- Hillsboro, MO: less expensive homes
- Iona, FL: equally priced homes
- Hutchinson, MN: less expensive homes
- Hueytown, AL: less expensive homes
- Hubert, NC: less expensive homes
- Horsham, PA: higher priced homes
- Holmen, WI: less expensive homes
- Holmdel, NJ: higher priced homes
- Hollins, VA: less expensive homes
- Hillsboro, OH: less expensive homes
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