14 min listen
Market Spotlight: Harrisburg, Pennsylvania | PREI 232
Market Spotlight: Harrisburg, Pennsylvania | PREI 232
ratings:
Length:
37 minutes
Released:
Apr 28, 2020
Format:
Podcast episode
Description
South Central Pennsylvania is the third-largest region in the state by both population and number of businesses, consisting of eight counties along Pennsylvania’s southern border.In this Market Spotlight, we talk about the best features of Harrisburg and the reasons why so many people working in Baltimore, Pittsburg, Washington DC, and other nearby cities choose to live there. Join host, Marco Santarelli, and our market specialists as they discuss why Harrisburg, PA is a lucrative market for those who want to invest in real estate.
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If you missed our last episode, be sure to listen to Fifty Rental Properties In Five Years (Client Spotlight)
Enjoy the show!
– – – – – – – – – – – – – –
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Market Spotlight - Harrisburg, Pennsylvania
Harrisburg, Pennsylvania is a medium-sized city located in the State of Pennsylvania. It has a population of roughly 50,000 people, 36 constituent neighborhoods, and it's the 11th largest community in Pennsylvania. Harrisburg has a large stock of pre-World War II architecture making it one of the older and more historic cities in the county there. Unlike some cities, Harrisburg isn't mainly just white or blue-collar, instead most prevalent is occupations that are a mix of white and blue-collar jobs. Overall, Harrisburg is a city of sales and office workers, service providers professionals, and there are especially a lot of people living in Harrisburg who work in office and administrative support. Many of them commute to a nearby city such as Baltimore because it's not that far away. Real estate is certainly less expensive in these outlying areas.
It's what we refer to as a tertiary market. It doesn't have the size or population big enough to make it what we call a tier-two market. It's more of what we refer to as a tier-three or tertiary market. Nonetheless, it is a stable and linear market. Nothing overly exciting. It is one of those markets that provide stability. I refer to it loosely like a blue-chip stock. With me are some of the team members that we work with out there. It's overdue but we want to talk about this market because there have been a lot of opportunities there. The properties that we have been moving in that market have been moving quickly. We have these guys perpetually out of stock. Demand is high from where we sit.
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It is my pleasure to welcome Eric and Liz to the show. They are one of our superstar property providers in Pennsylvania, specifically the Harrisburg area. We have been doing a lot of business with them. They produce fantastic products, they're in great areas and it's been an exciting opportunity for us and our clients. Having said that, Eric and Liz, welcome to the show.
Thanks.
Thanks for having us.
It's an honor to have both of you on the show because you are awesome to work with. My team is constantly complimenting and bragging about how wonderful it is to work with you and our clients are happy. I'm excited to have you on. Let's talk about your local market because a lot of people are not only not familiar with the Pennsylvania market being way up there in the northeast but Harrisburg, where in the heck is Harrisburg? Tell us about your local market there.
We consider it South Central Pennsylvania. Four of our counties border the Maryland, Pennsylvania line. Harrisburg is a little bit north of York where our office is located. We’re about one hour and twenty minutes from Philadelphia, one hour from Baltimore, four hours from Pittsburgh and four hours from New York.
Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.
If you missed our last episode, be sure to listen to Fifty Rental Properties In Five Years (Client Spotlight)
Enjoy the show!
– – – – – – – – – – – – – –
Download your FREE copy of: The Ultimate Guide to Passive Real Estate Investing.
Get your FREE coffee mug by leaving us a Rating and Review on iTunes. Here's how.
See our available Turnkey Cash-Flow Rental Properties.
Please give us a RATING & REVIEW (Thank you!)
SUBSCRIBE on iTunes | Stitcher | Podcast Feed
Market Spotlight - Harrisburg, Pennsylvania
Harrisburg, Pennsylvania is a medium-sized city located in the State of Pennsylvania. It has a population of roughly 50,000 people, 36 constituent neighborhoods, and it's the 11th largest community in Pennsylvania. Harrisburg has a large stock of pre-World War II architecture making it one of the older and more historic cities in the county there. Unlike some cities, Harrisburg isn't mainly just white or blue-collar, instead most prevalent is occupations that are a mix of white and blue-collar jobs. Overall, Harrisburg is a city of sales and office workers, service providers professionals, and there are especially a lot of people living in Harrisburg who work in office and administrative support. Many of them commute to a nearby city such as Baltimore because it's not that far away. Real estate is certainly less expensive in these outlying areas.
It's what we refer to as a tertiary market. It doesn't have the size or population big enough to make it what we call a tier-two market. It's more of what we refer to as a tier-three or tertiary market. Nonetheless, it is a stable and linear market. Nothing overly exciting. It is one of those markets that provide stability. I refer to it loosely like a blue-chip stock. With me are some of the team members that we work with out there. It's overdue but we want to talk about this market because there have been a lot of opportunities there. The properties that we have been moving in that market have been moving quickly. We have these guys perpetually out of stock. Demand is high from where we sit.
---
It is my pleasure to welcome Eric and Liz to the show. They are one of our superstar property providers in Pennsylvania, specifically the Harrisburg area. We have been doing a lot of business with them. They produce fantastic products, they're in great areas and it's been an exciting opportunity for us and our clients. Having said that, Eric and Liz, welcome to the show.
Thanks.
Thanks for having us.
It's an honor to have both of you on the show because you are awesome to work with. My team is constantly complimenting and bragging about how wonderful it is to work with you and our clients are happy. I'm excited to have you on. Let's talk about your local market because a lot of people are not only not familiar with the Pennsylvania market being way up there in the northeast but Harrisburg, where in the heck is Harrisburg? Tell us about your local market there.
We consider it South Central Pennsylvania. Four of our counties border the Maryland, Pennsylvania line. Harrisburg is a little bit north of York where our office is located. We’re about one hour and twenty minutes from Philadelphia, one hour from Baltimore, four hours from Pittsburgh and four hours from New York.
Released:
Apr 28, 2020
Format:
Podcast episode
Titles in the series (100)
Understanding Linear and Cyclical Markets | PREI 006: - What’s the difference between a linear real estate market and a cyclical market? Is one better than the other? Today we explore the different market types and what they mean to you as a real estate investor. - by Passive Real Estate Investing