Why YOU Should Invest in South Central PA!
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 with Maryland. Anchored by Lancaster, York, Gettysburg, Hershey, and Harrisburg, (Pennsylvania’s capital city) the region boasts a population of nearly 2 million people, about 17 percent of the state’s population. The strengths of the region are similar to those of Pennsylvania as a whole: a location convenient to markets and a quality workforce. Strategically located on a network of interstate highways, rail lines with intermodal facilities and a growing air freight industry — and convenient passenger flights at Harrisburg International Airport — the region serves as the transportation crossroads of the Mid-Atlantic, with strategic routes east and west as well as north and south.
Central PA and South Central PA offer diverse terrain with vast farmlands, mountains, and stunning national forests. Some of the major cities in the area include Lebanon, Lancaster, Harrisburg, York, Reading, Altoona, and State College which is home to Penn State University.
Over 55% of households have an annual income greater than $60K with 28% of Households exceeding $100K in annual income.
In York County, the median home sale price increased by 3% to $175,000 compared to 2017 sales. This is the highest median home sale price on record in the history of York County. The median sold price in York County increased by 21% in five years and increased 6% over the past 10 years. In 2018, 14% of the homes sold in. York County was priced under $100,000, 48% of the homes sold were priced between $100,00-$199,999, 26% of the homes sold were priced between $200,000-$299,999 and 12% of the homes sold were priced over $300,000.
The Benefits of Turnkey Investments
Making investments in turnkey properties is beneficial for a number of reasons. Most importantly, you will be able to grow your portfolio quickly and with little effort on your end.
Investing in turnkey investments is perfect for those who want to add real estate to their portfolios, without having to deal with the hassles themselves. We handle the acquisition, repairs, tenant screening, and management of the property. We know how to acquire and repair properties as efficiently as possible. It can be very reassuring as an investor to know that all of the details are being taken care of by a team of local professionals.
Harrisburg International Airport offers non-stop service to 15 cities in the US with one-stop connections to major cities around the world. The airport has been serving the area for over 100 years!
Philadelphia is the 6th most populous city in the United State with over 6 million people calling the area home. The city was founded in 1682 and is rich with history and culture. There are great outdoor areas including Fairmont Park and the rapids on the Schuylkill River. Philadelphia is about 2 hours away from Harrisburg.
Pennsylvania Dutch Country is a region in Central Pennsylvania which was settled by German-speaking settlers of Lutheran, Amish, Mennonite, and other religious sects. Today, it is a beautiful area with many tourist stops. Visitors can observe residents practicing their traditional way of life, learn about the culture, and enjoy some of the best country cooking available.
Residents in some of the more southern areas such as York and Lancaster can opt to make the commute to Baltimore for work as the drive only takes about an hour. Others will commute to New Jersey, or Philadelphia, however, there are plenty of opportunities right here!
Things To Do In South Central PA
Some of the attractions in the area include:
- Hersheypark – located about 15 miles from Harrisburg, Hersheypark offers roller coasters, pools, water rides, a zoo, and of course, chocolate.
- Indian Echo Caverns – located near Hummelstown, the limestone caverns and caves are open to the public and offer guided tours as well as special events. They are one of the most popular attractions in the Eastern US!
- Gettysburg – the site of the Civil Wars deadliest battle, the area is now home to many monuments, cemeteries, and living history programs.
- York Fairgrounds – the fairgrounds offer many events throughout the year including concerts, carnivals, and sporting events. The fairgrounds are also home to America’s oldest fair!
The south-central region houses 22 colleges and universities, including the Penn State Milton S. Hershey Medical Center and College of Medicine, Harrisburg Area Community College’s five campuses and additional locations for job training, and many other private and public colleges, universities and trade schools.
Perks of Investing In South Central PA
Housing continues to be a significant economic sector within our community. It is the source of direct employment for a variety of trades and professions such as construction, finance, and insurance. Housing sales also create a huge and often unrecognized impact on the larger economy because it unleashes additional spending as buyers transform a house into their home to reflect their tastes and interests.
From an economic standpoint, the region has a workforce of approximately 900,000 people. Nearly 200,000 businesses of all sizes and shapes. From well-known companies such as e Hershey Co., Harley-Davidson, Volvo Construction Equipment, Armstrong World Industries, Bayer, and Rite Aid Corp. To young technology and biotech companies. $10.6 million investment will create 50 new jobs and continue to define Lancaster as one of the leading locations for food processing firms in the northeast. With an annual GDP exceeding $13.5 billion, the region has seen a resurgence in manufacturing. Having a strong local supply chain has encouraged more on-shore manufacturing. In addition, creative industries, particularly in York, have contributed to local job growth in architecture, construction, engineering, and the arts. A wide range of skills in the area, coupled with a strategic location, provides a groundwork for future opportunities.