Markets for House Hacking in South East Pennsylvania

[Joseph Gringeri]

Hi Everyone,

I am looking to purchase my first property as a long term rental, and I am planning on house hacking it as well. I was initially planning on purchasing a property in Philadelphia, outside of center city, however home prices are extremely high and interest rates right now do not help when it comes to cash flow.

I broadened my research to other counties, such as Montgomery County, Delaware County, Lehigh County, Chester County, and Lancaster County. I am zoning in on a few specific towns/cities, but I wanted to see if anyone here would like to share their opinions on any markets around these areas that have good potential for cash flow and potential appreciation.

For my criteria, I do not need a high class neighborhood, but rather one where there is potential for growth and where crime is not extremely high. I am also prepared to do a co-living situation, as multi-unit properties are hard to come by, so the market should be a majority of renters and be pretty densely populated. 

A few areas I have in mind are:

Coatesville (Chester County)

Allentown (Lehigh County)

Lancaster City (Lancaster County)

I know this is a pretty general post, but any advice/thoughts would be greatly appreciated.

Best of luck to you all on your investment journeys!