Real Estate Investing in Renfrew, Pennsylvania (16053)
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Should you buy in 16053 (Renfrew, PA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Renfrew, PA (16053)?
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Market Analysis: 16053 Renfrew
Investors eyeing 16053 need to respect the fundamentals at play. Home values of $314K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 16053 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 16053 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 16% in 16053 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 16053 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Renfrew:
Market Trends
Home Value History (with trend line)
📊 How Does 16053 Compare?
| Metric | 16053 | Renfrew | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $313,934 | $313,934 | N/A | $278,018 |
| 5-Year CAGR | 0.2% | 0.2% | N/A | 6.3% |
| Avg Rent | $1,170 | $1,170 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16053 (Renfrew, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,934 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 22.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 3.1% |
📈 Home Appreciation
| 1-Year | -0.9% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +0.2% ▲ |
| 10-Year CAGR | +2.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 16053
Population: 3,284
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 16053
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Renfrew, PA?
Rents in Renfrew, PA run near $1,170/mo. Compared with median home prices of $314K that produces solid gross yields for typical rentals.
What kind of tenants rent in Renfrew, PA?
The renter base in Renfrew, PA is reasonable for the $1,170/mo price point. Screening well and pricing to market typically yields stable tenants.
How does Renfrew, PA rate as a rental market?
Our data puts Renfrew, PA at 2.0/5 for investability. Home prices of $314K and rents around $1,170/mo create a solid backdrop for investor activity.
How do experienced investors play Renfrew, PA?
Renfrew, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($314K prices, $1,170/mo rents) make it a reasonable choice.
Are landlord laws favorable in Renfrew, PA?
For rental operators, Renfrew, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 16053 now. You don’t know where it ranks.
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How 16053 ranks in Pittsburgh, PA
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