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York vs Bethlehem for Rental Property Investing

Side-by-side comparison of York, PA and Bethlehem, PA — cap rates, rent, prices, and investment metrics.

Bethlehem wins 4–3 across key metrics
York leads on cash flow (4.96% vs 3.95% cap rate) · Bethlehem leads on population growth
Metric
York, PA
Bethlehem, PA
Est. Cap Rate
4.96%
3.95%
Median Home Price
$165,000
$245,000
Median Monthly Rent
$1,050
$1,320
1% Rule
0.64%
0.54%
GRM
13.1x
15.5x
Price / Income
4.5x
4.7x
Property Tax Rate
1.38%
1.36%
Vacancy Rate
6.5%
5.5%
Population Growth
0.1% / yr
0.3% / yr
Annual Appreciation
2.2%
2.5%
Population
45,000
76,000
Median Income
$36,800
$52,400

York vs Bethlehem: Which Is Better for Investors?

Cash flow: York has the edge with an estimated cap rate of 4.96% compared to Bethlehem's 3.95%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $165,000 in York vs $245,000 in Bethlehem, while rents come in at $1,050/mo and $1,320/mo respectively.

Growth & appreciation: Bethlehem is growing faster at 0.3% annually vs York's 0.1%. Bethlehem leads on home value appreciation at 2.5% per year.

Costs & risk: Property taxes are 1.38% in York vs 1.36% in Bethlehem. Vacancy rates of 6.5% and 5.5% are mixed — Bethlehem has the tighter rental market.

Bottom line: Bethlehem edges out York on most key metrics. While cap rates are moderate at 3.95%, Bethlehem's overall profile is stronger. Use our free calculators to model specific deals in York or Bethlehem.

York, PA
4.96% cap rate · $165,000 median · $1,050/mo
Full analysis →
Bethlehem, PA
3.95% cap rate · $245,000 median · $1,320/mo
Full analysis →
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