Investing in York County
York County covers 2 rental markets we actively finance in Pennsylvania — Hanover, York. Across those markets the median investment basis averages $227,500, a long-term lease averages $1,675/month, and the average all-in PITIA on a DSCR loan at the minimum down payment is $1,646. That produces a county-wide average DSCR ratio near 1.01x.
Basis varies more inside York County than the average suggests. York is the lowest entry point at roughly $175,000, while Hanover currently models the strongest coverage ratio in the county at 1.05x. When two towns in the same county ratio differently, it is almost always the rent-to-price relationship rather than the rate — the same loan pricing applies county-wide, so the deal is won on which submarket you buy in.