Cities with the fastest growing home prices in Chambersburg metro area

Written by:
January 19, 2023
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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 no 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 December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 7 cities and towns with data available were included in the list.

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1 / 7
Stacker

#7. Mont Alto, PA

- 1-year price change: +$22,987 (+12.6%)
- 5-year price change: +$67,386 (+49.0%)
- Typical home value: $204,993 (#7 most expensive city in metro)
2 / 7
Stacker

#6. Chambersburg, PA

- 1-year price change: +$24,476 (+10.7%)
- 5-year price change: +$86,030 (+51.3%)
- Typical home value: $253,720 (#3 most expensive city in metro)
3 / 7
Stacker

#5. Mercersburg, PA

- 1-year price change: +$26,395 (+11.0%)
- 5-year price change: +$103,723 (+63.7%)
- Typical home value: $266,469 (#2 most expensive city in metro)
4 / 7
Stacker

#4. Fayetteville, PA

- 1-year price change: +$26,574 (+11.8%)
- 5-year price change: +$87,715 (+53.6%)
- Typical home value: $251,315 (#4 most expensive city in metro)
5 / 7
Stacker

#3. Waynesboro, PA

- 1-year price change: +$27,108 (+12.7%)
- 5-year price change: +$76,115 (+46.4%)
- Typical home value: $240,311 (#6 most expensive city in metro)

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6 / 7
Stacker

#2. Greencastle, PA

- 1-year price change: +$27,456 (+10.8%)
- 5-year price change: +$95,948 (+51.4%)
- Typical home value: $282,456 (#1 most expensive city in metro)
7 / 7
Stacker

#1. Orrstown, PA

- 1-year price change: +$29,408 (+13.3%)
- 5-year price change: +$95,948 (data not available)
- Typical home value: $251,229 (#5 most expensive city in metro)

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