Chambersburg, PA Housing Market
AI-powered market intelligence for the Chambersburg, PA metro area.
PropertyIQ Scores
Chambersburg, PA Market Analysis
Market Overview
Chambersburg, PA posts a PropertyIQ Score of 71 out of 100, placing it in a moderate-to-strong position. The median home value is $293,175, slightly above the Pennsylvania state average of $290,552. The local rent index is $1,338, well above the state benchmark of $1,162, signaling stronger rental demand than the state overall. Chambersburg’s unemployment rate is 3.2%, compared with 4.1% statewide, while median household income is $74,946, just under the state average of $76,081. That puts local incomes nearly in line with statewide levels while home values are marginally higher, making affordability a bit tighter than the state average but still accessible.
The PropertyIQ Score’s top drivers include 12-month home value momentum of 5.90%, 3-month home value momentum of -0.43%, median days on market of 47 days, and a 15.5% share of listings with a price cut. These metrics point to a market that appreciated over the past year but has cooled slightly in recent months. A 47-day median time on market and a 15.5% price-cut share suggest a reasonably balanced environment where sellers are adjusting prices to meet buyers. Overall, Chambersburg’s 71 score reflects a solid but not overheated market.
Key Trends
Annual price momentum is still positive, but short-term signals point to flattening. The 12-month home value momentum of 5.90% shows values rose over the past year, while the 3-month momentum of -0.43% and a year-over-year median home value change of -$2 are effectively flat. This suggests the strongest appreciation phase may have passed, with values now stabilizing.
Rental market performance is a clear bright spot. The rent index of $1,338 is about 15% higher than the state average of $1,162. Because the median home value is only slightly above the state average, Chambersburg’s rental income potential stands out more than its home price premium.
Labor market strength supports demand, even though wages are slightly below average. The unemployment rate of 3.2% is well below the state average of 4.1%, indicating solid employment conditions. Median household income is $74,946, about $1,135 below the state average of $76,081, so local wages are competitive but do not outpace the state.
Inventory and pricing signals are moderately buyer-friendly. With 381 homes for sale, a median days on market of 47, and 15.5% of listings with a price cut, the market does not appear extremely tight. Buyers have some selection and room to negotiate, while homes are still moving at a moderate pace.
Who Is This Market For
Chambersburg is best suited for buyers and investors who want moderate price points and steady local fundamentals. First-time buyers may find opportunity in the median home value of $293,175, a median household income of $74,946, and a 15.5% share of listings with price cuts. The rent index of $1,338, notably above the state average, may make ownership more attractive than renting for those who can manage the purchase. Buy-and-hold investors may see appeal in the rental premium over the state average and a low unemployment rate of 3.2%. However, population growth data is not available, so the strength of future tenant or buyer demand cannot be confirmed from that metric. Move-up buyers may also find the market workable because the 12-month home value momentum of 5.90% supports longer-term value growth, while the recent flattening may reduce competition compared with a rapidly rising market.
Outlook
The near-term outlook for Chambersburg appears stable, with slower price momentum than the prior 12 months. The 3-month home value momentum of -0.43% and a year-over-year median home value change of -$2 suggest prices are effectively flat in the short term. At the same time, the 12-month momentum of 5.90% indicates the market has not experienced a sharp downturn. With 381 homes for sale, a median days on market of 47, and a 15.5% price-cut share, supply and demand appear reasonably balanced, which may keep price growth modest. The unemployment rate of 3.2% and a rent index of $1,338 above the state average provide underlying support for housing demand. Population growth is not available, so the outlook cannot factor in demographic expansion. Based on the data, the most grounded expectation is for continued stability rather than rapid appreciation or decline.
AI-generated analysis based on current market data. Last updated August 20, 2026.
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Chambersburg, PA market data
Chambersburg, PA Housing Market Overview
Chambersburg, PA's median home value is $293K, up 5.9% over the past year. Homes here sell in a median 47 days. Its PropertyIQ Score of 71 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
PropertyIQ tracks the Chambersburg, PA housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this PA market is set to perform against its state benchmark.
The Mid-Atlantic corridor benefits from proximity to major financial centers and government institutions. Housing markets in this region balance urban density with suburban expansion, creating varied opportunities from walkable city neighborhoods to rapidly growing exurbs. Within the Mid-Atlantic, Chambersburg, PA's PropertyIQ Score of 71 ranks among the Mid-Atlantic's stronger demand signals.
Pennsylvania's housing market spans from Philadelphia's dense urban neighborhoods to Pittsburgh's tech-driven renaissance and rural communities in between, offering diverse investment profiles at various price points.
Each month, PropertyIQ updates its score for Chambersburg, PA using four inputs: Zillow ZHVI twelve-month and three-month momentum, Realtor.com median days on market, and the Realtor.com share of listings with price cuts. These four signals are combined into a single 1 to 99 score computed across all metro markets and calibrated so 50 represents the state average, making it a direct read of how this market is positioned to perform relative to its state. Momentum here has been positive, with home values up 5.9% over the past year.
Use PropertyIQ's interactive analytics to compare Chambersburg, PA against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Chambersburg, PA metro area
ZIP codes in the Chambersburg, PA metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Chambersburg, PA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Chambersburg, PA currently scores 71, a rising-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $293K, up 5.9% over the past year. So whether Chambersburg, PA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Chambersburg, PA?
Chambersburg, PA's PropertyIQ Score is 71, indicating rising momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 71 places Chambersburg, PA above its state benchmark.
Are home prices in Chambersburg, PA rising or falling?
Home prices in Chambersburg, PA are rising. Over the past year, the median home value increased 5.9%, reaching $293K. Over the latest three months, values slipped 0.4%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Chambersburg, PA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Chambersburg, PA?
In Chambersburg, PA, homes sell in a median of 47 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 15% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Chambersburg, PA market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.