Cities with the fastest growing home prices in Chambersburg metro area

Written by:
August 23, 2022
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Cities with the fastest growing home prices in Chambersburg metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Chambersburg-Waynesboro, PA metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 7 cities and towns with data available were included in the list.

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1 / 7
Stacker

#7. Mont Alto, Pennsylvania

- 1-year price change: +$13,726 (+7.7%)
- 5-year price change: +$57,181 (+42.2%)
- Typical home value: $192,812 (#7 most expensive city in metro)
2 / 7
Stacker

#6. Waynesboro, Pennsylvania

- 1-year price change: +$21,971 (+10.4%)
- 5-year price change: +$66,550 (+40.1%)
- Typical home value: $232,717 (#6 most expensive city in metro)
3 / 7
Stacker

#5. Fayetteville, Pennsylvania

- 1-year price change: +$24,841 (+11.4%)
- 5-year price change: +$78,002 (+47.6%)
- Typical home value: $241,996 (#5 most expensive city in metro)
4 / 7
Stacker

#4. Chambersburg, Pennsylvania

- 1-year price change: +$26,389 (+11.9%)
- 5-year price change: +$80,496 (+48.2%)
- Typical home value: $247,350 (#3 most expensive city in metro)
5 / 7
Stacker

#3. Greencastle, Pennsylvania

- 1-year price change: +$27,375 (+11.0%)
- 5-year price change: +$88,515 (+47.2%)
- Typical home value: $275,928 (#1 most expensive city in metro)

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6 / 7
Stacker

#2. Orrstown, Pennsylvania

- 1-year price change: +$27,714 (+12.8%)
- 5-year price change: +$88,515 (data not available)
- Typical home value: $244,575 (#4 most expensive city in metro)
7 / 7
Stacker

#1. Mercersburg, Pennsylvania

- 1-year price change: +$30,880 (+13.3%)
- 5-year price change: +$97,022 (+58.5%)
- Typical home value: $262,938 (#2 most expensive city in metro)

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