ZIP Code 17240 Housing Market
ZIP code 17240 is located in Cumberland County, Pennsylvania. Based on the FHFA House Price Index, the most recent annual HPI value is 269.7 (2000 = 100) as of 2025.
📈 17240 HPI Trend
FHFA House Price Index for Five-Digit ZIP Codes (2000 = 100)
📝 Local Market Notes
The housing market in ZIP code 17240, located in Cumberland County, Pennsylvania, exhibits a robust upward price trajectory over the past five years. The Home Price Index (HPI) has expanded significantly, rising from 180.34 in 2019 to 269.69 in 2025. This represents a cumulative gain of approximately 49.6% over the period, indicating sustained appreciation that outpaces many regional benchmarks. The steepest portion of this growth occurred between 2021 and 2022, where the index jumped nearly 18%, reflecting the broader national surge in home values during that timeframe. Currently, the ZIP code’s year-over-year growth of 3.92% aligns closely with the county’s 3.92% increase and the state’s 3.89% rise. This tight alignment suggests that ZIP 17240 is moving in lockstep with the broader Cumberland County and Pennsylvania markets, rather than diverging as a distinct outlier. In contrast, nearby ZIP 17053 has experienced a 5.48% decline, highlighting that market performance in this region is highly localized. The stability of ZIP 17240 relative to its immediate geographic neighbors indicates a resilient sub-market that is not currently subject to the correction seen in adjacent areas. The sub-market character of ZIP 17240 appears to be a mid-tier residential area within a stronger county context. With a median home value of $277,600 in Cumberland County and a median household income of $87,494, the area supports a substantial owner-occupancy rate of 71.3%. The HPI level of 269.7 suggests that home prices have more than doubled since the 2000 baseline, positioning the ZIP as a solid middle-class market rather than a luxury enclave. For prospective buyers, the market remains active but is currently constrained by the 7.40% national 30-year mortgage rate. Residents should note that while prices have risen sharply, the current growth rate has normalized to match state-wide trends, suggesting a market that has stabilized after its rapid expansion.
About This ZIP Code
ZIP code 17240 is one of the most active real estate sub-markets in Cumberland County, Pennsylvania. The FHFA House Price Index tracks cumulative price appreciation since 2000, providing a consistent measure of long-term value change in this specific ZIP area.
For full county-level context, see the Cumberland County Housing Market page, which includes ACS median home values, rent, owner-occupancy, employment, migration, and other economic indicators.
Other Active ZIPs in Cumberland County
| ZIP Code | HPI | YoY | Latest Year |
|---|---|---|---|
| 17053 | 251.0 | -5.48% | 2025 |
| 17241 | 264.5 | +3.54% | 2025 |
| 17043 | 232.3 | +2.19% | 2025 |
| 17257 | 247.5 | +5.24% | 2025 |
| 17025 | 248.1 | +1.78% | 2025 |
| 17011 | 248.3 | +3.12% | 2025 |
| 17050 | 249.0 | +6.55% | 2025 |
| 17065 | 251.7 | +9.00% | 2025 |
| 17055 | 240.6 | +2.10% | 2025 |
Data Source: FHFA House Price Index for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100). Data as of 2025. This product uses FHFA Data but is neither endorsed nor certified by FHFA.