The Keystone State is packed with national history containing such treasures as the Liberty Bell. Beautiful rural areas offer plenty of space to spread out and get fresh air. The unique cities provide a variety of different living situations giving options for every price point and a perfect destination for remote workers.
Pennsylvania is one of the most prosperous states, with an economy based on farming, mining, manufacturing, and high technology. Over the past 6 years, the state has had a 7.8% growth in average annual jobs with the unemployment rate dropping by 4.3%. This equates to employed renters paying rent in a timely manner. The state also hosts top universities and colleges bringing many people from out of state.
Over the past three years, the median gross rent in PA has grown by 5.76%. While rent prices go higher, entry prices of homes stay affordable, selling for an average of $192,040 in the popular cities. This allows investors to purchase homes for a fair price and enjoy a steady stream of income year-long. Economic and employment growth, affordable entry prices of homes as well as leisure options and healthcare access, make the state a cost-effective alternative with nice returns.