Real Estate Investing in Cranberry Township, Pennsylvania (16066)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16066 (Cranberry Township, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Cranberry Township, PA (16066)?
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Market Analysis: 16066 Cranberry Township
From a cash-flow lens, ZIP 16066 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $442K median. It rewards specialists, not generalists.
The investment case in 16066 is sturdy only for operators who understand what they are buying. A $442K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 16066 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 16066 ZIP's population of 33,543 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 16066 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cranberry Township:
Property Strategy for 16066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $243,566 | $1,890 | 5.6% | +5.4% | $121,783 |
| 3BR | $366,767 | $2,420 | 4.8% | +6.4% | $122,256 |
| 4BR | $567,264 | $2,600 | 3.3% | +5.7% | $141,816 |
| 5BR | $798,816 | — | — | +6.3% | $159,763 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 16066 Compare?
| Metric | 16066 | Cranberry Township | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $442,206 | $442,206 | N/A | $278,018 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.3% |
| Avg Rent | $1,967 | $1,967 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16066 (Cranberry Township, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $442,206 |
| Monthly Rent | $1,967 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 16066
Population: 33,543
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 16066
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 2,152 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Cranberry Township, PA?
Cranberry Township, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($442K prices, $1,967/mo rents) make it a reasonable choice.
What is the typical vacancy rate in Cranberry Township, PA?
Vacancy risk in Cranberry Township, PA is elevated. That supports even-keeled cash flow for typical rental holds.
How landlord-friendly is Cranberry Township, PA?
For rental operators, Cranberry Township, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How viable is house hacking in Cranberry Township, PA?
House hacking works a challenging in Cranberry Township, PA. Rents of $1,967/mo against $442K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Cranberry Township, PA?
Tenant demand in Cranberry Township, PA is solid. The local workforce $1,967/mo rents across most rental classes.
You know 16066 now. You don’t know where it ranks.
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How 16066 ranks in Pittsburgh, PA
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