City Report · PA

Hershey

Pop. 14,242·91st most expensive in Pennsylvania·Rental market data updated monthly for Hershey, PA
Median rent (all units)
$1,516/mo
Year-over-Year
Stable
Month-over-Month
+1.5%
vs US Median
-$416
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Hershey · $1,516
More affordable than 74% of US cities · National median $1,932/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,516/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$61,000/yr
Local median income
$78,587/yr
Based on the 30%-of-income rule using Hershey's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,020
1 BR
$1,190
2 BR
$1,470
3 BR
$1,890
4 BR+
$1,950
Fair Market Rent (HUD)
$1,470/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,516 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Pennsylvania

Rent in Hershey changed +5.2% over the year to September 2026. Across the 114 Pennsylvania cities Zillow tracks, the typical change was +3.6%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($78,587) is $1,965 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,950).

Cheaper nearby

Lemoyne, 14 miles away, rents for 13% less ($1,314/mo), about $2,400 a year in savings.

From Zillow's monthly rent index (ZORI) for Hershey. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,192/yr
At $1,516/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +1.5% MoM), not inventory.
Rent check

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Demographics

Who lives here

Hershey, PA is roughly split between renters and owners, has a large retiree population, 50.2% of residents hold a bachelor's degree or higher.

Population
14,242
Median income
$78,587
Median age
38.6
Renters
46.3%
Age distribution
16.9%
28.5%
24.1%
21.2%
Under 1816.9%
18–3428.5%
35–5424.1%
55–649.4%
65+21.2%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
69.6%
12.9%
White69.6%
Black5.9%
Hispanic12.9%
Asian8.6%
Other2.9%
Education (25+)
20.9%
21.2%
50.2%
No HS diploma7.6%
HS diploma20.9%
Some college21.2%
Bachelor's+50.2%
Housing tenure
53.7%
46.3%
Owner53.7%
Renter46.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hershey, PA has changed in 5 years

Income
$69,626 → $78,587
up 12.9%
Population
14,619 → 14,242
down 2.6%
Renter share
47.4% → 46.3%
-1.1 pts
Bachelor's+
46.8% → 50.2%
+3.4 pts
Median age
46.1 → 38.6
-7.5 yrs

Median household income rose from $69,626 to $78,587 between 2021 and 2024, a 12.9% shift. The population has contracted by 2.6% since 2021, moving from about 14,619 residents to roughly 14,242. College-educated residents now make up 50.2% of adults here, versus 46.8% in 2021.

Community

Discussions about Hershey

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View Hershey rent history (2015–2026) →
Salary vs rent

Can you afford rent in Hershey on your salary?

At $1,516/mo, how Hershey rent compares to typical pay (30% rule).

By apartment size

Hershey rent by bedroom count

Median rent for each apartment size in Hershey. Click any size for full breakdown.

Local insights

Tips for renters in Hershey

About renting in Hershey, PA

Last updated: October 17, 2026

The median rent in Hershey is $1,516/mo as of October 2026. A studio apartment averages $1,020/mo while a 2-bedroom runs $1,470/mo. One-bedroom apartments average $1,190/mo and 3-bedroom units go for $1,890/mo.

At 23% of local median household income ($78,587/yr), Hershey ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Hershey?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (about $29/hour full-time) to afford the median rent of $1,516/mo in Hershey. The local median household income is $78,587/yr, so the typical household meets that bar.

Is rent going up or down in Hershey?

Rent in Hershey has been roughly flat over the past year, a 0.0% change.

How does Hershey rent compare to other cities in Pennsylvania?

Hershey is in the middle among Pennsylvania cities for rent, ranking #91 of 161 tracked cities at $1,516/mo. Over the year to September 2026, rent in Hershey changed +5.2%, against a typical +3.6% across the 114 Pennsylvania cities Zillow tracks.

Which nearby cities are cheaper to rent in than Hershey?

Nearby cities with lower median rent than Hershey ($1,516/mo) include Middletown ($1,404/mo), Palmyra ($1,479/mo), and Elizabethtown ($1,510/mo).
Income Affordability
23%
VERY AFFORDABLE

At $1,516/mo, rent takes ~23% of Hershey's median household income ($78,587/yr). The standard benchmark is 30%.

Hershey 23%Benchmark 30%
State income tax3.07%
Run the Hershey affordability calculator →
Lowest-rent ZIP codes in Hershey
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Hershey, PA

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