Similar to other places in this area, it is a bit less expensive compared to the United States as a whole. However compared to the city of Washington, it's substantially less expensive.
Home prices
The value of the median home in Shippensburg is $156,700. It is about $4,080 (2%) higher in comparison to other places in this area.Compared to the US as a whole it is roughly $60,800 (27%) lower, and compared to the city of Washington it is approximately $444,800 (73%) lower.
Rents
In Shippensburg the median rent is $761 per month. It is about $124 (14%) lower compared to its surrounding areas.It is approximately $301 (28%) lower in comparison to the US as a whole, and it is roughly $780 (50%) lower in comparison to the city of Washington.
Nearby places
Orrstown
Orrstown is approximately 3 miles west of Shippensburg. Its housing prices are somewhat less expensive. Orrstown's median home value is $133,900, which works out to $22,800 (17%) lower than Shippensburg. Its rents are a bit more expensive. Orrstown's median rent is $1,000 per month, which is $239 (23%) higher than Shippensburg.
Scotland
Scotland is roughly 6 miles southwest from Shippensburg. Real estate prices there are somewhat more expensive. The median home in Scotland is valued at $201,400, which comes out to $44,700 (22%) higher than Shippensburg. Its rents are a little more expensive. The median monthly rent in Scotland is $975, which works out to $214 (21%) higher than Shippensburg.
Fayetteville
Fayetteville is roughly 9 miles south from Shippensburg. The housing prices there are pretty similar. The median home in Fayetteville is valued at $151,600, which is $5,100 (3%) lower than Shippensburg. Rent there is a little more expensive. In Fayetteville the median rent is $884 per month, which comes out to $123 (13%) higher than Shippensburg.
Newville
Newville is approximately 9 miles northeast of Shippensburg. Real estate prices there are a bit less expensive. The median home in Newville is valued at $121,500, which comes out to $35,200 (28%) lower than Shippensburg. Rents there are pretty similar. The median rent in Newville is $748 a month, which comes out to $13 (1%) lower than Shippensburg.
Chambersburg
Chambersburg is about 9 miles southwest of Shippensburg. Its housing prices are fairly similar. The median home in Chambersburg costs $154,700, which works out to $2,000 (1%) lower than Shippensburg. Its rents are a bit more expensive. In Chambersburg the median rent is $820 a month, which comes out to $59 (7%) higher than Shippensburg.
