Chambersburg’s current Zillow ZHVI is $293,162 and its Zillow ZORI is $1,352 per month. Together they imply a 5.5% gross yield before every operating cost. For income reference, ZHVI is 5.18x the city ACS median household income, while annual ZORI is 28.7% of that income. These are affordability screens, not recorded owner payments, tenant payments, or property cash flow.
ACS provides a separate survey view of the city’s housing stock: 10,329 units, with renters occupying 57.3% of occupied units. The ACS median home value is $215,000, and its median gross rent is $1,099, including contract rent and selected utilities. These surveyed occupied-housing measures differ in measure and period from Zillow’s typical city value and observed market rent, so they should not be averaged or treated as substitutes.
Single-family homes make up 67.6% of all units, versus 6.5% in large multifamily buildings. Citywide vacancy is 4.7%, including 81 units vacant for rent and 63 seasonal units; such ACS vacancy-reason counts describe stock, not available investment inventory. The ACS reports 44.5% of renter households pay 30% or more of income toward rent, a demand constraint rather than evidence of a particular unit’s leasing speed. Population increased 7.1%, from 20,832 to 22,319, between overlapping ACS five-year vintages; it is not annualized and may reflect boundary changes. Median household income is $56,576, poverty is 15.3%, and unemployment is 7.8%; the latter two are descriptive demand constraints, not causal explanations.
At the Franklin County county scope, the FHFA home-price index rose 4.0% year over year; this county measure is not a city price result. In the Chambersburg metro, 36.3% of listings had price drops; this metro measure does not establish city sale terms or household outcomes. The national 30-year mortgage rate was 6.7%, a national financing benchmark rather than a city borrowing quote.
Key underwriting gaps are subject-property condition, lease terms, achievable rent, operating expenses, tax bill, insurance, financing terms, and turnover. Verify the address-level zoning and permitted use, ownership and title, unit count and configuration, repair needs, utility responsibility, insurance and flood exposure, current rent roll, comparable rents, and property-specific taxes and fees. City, county, metro, and national aggregates cannot resolve those asset-level questions.