Real Estate Investing in New Wilmington, Pennsylvania (16142)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16142 (New Wilmington, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.0% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Wilmington, PA (16142)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 16142 New Wilmington
ZIP 16142 in New Wilmington, PA carries a substantial set of headwinds. Home values near $273K and rents of $873/mo sit inside a market where underwriting has to be tight.
Rent of $873/mo on a $273K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 16142 sits below the stated 0.0% once reality is priced in.
Regionally, 16142 sits on the difficult end of the PA spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 16142 includes headwinds that any investor should price in. Income distribution skews lower than New Wilmington averages, and tenant stability requires active management.
Strategically, 16142 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 New Wilmington:
Property Strategy for 16142
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $217,916 | $970 | 3.2% | +7.1% | $108,958 |
| 3BR | $246,634 | $1,350 | 3.9% | +6.7% | $82,211 |
| 4BR | $322,658 | $1,520 | 3.4% | +6.6% | $80,665 |
Market Trends
Home Value History (with trend line)
📊 How Does 16142 Compare?
| Metric | 16142 | New Wilmington | Pennsylvania |
|---|---|---|---|
| Home Value | $272,891 | $136,445 | $278,018 |
| 5-Year CAGR | 4.3% | 4.3% | 6.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 16142 (New Wilmington, PA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 16142 (New Wilmington, PA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $272,891 |
| Monthly Rent | $873 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 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 (2.5%). 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 16142
Population: 5,433
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 16142
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
Frequently Asked Questions
How much should I expect to pay for a home in New Wilmington, PA?
Expect median prices around $273K in New Wilmington, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How strong is the working-renter base in New Wilmington, PA?
The renter base in New Wilmington, PA is reasonable for the $873/mo price point. Screening well and pricing to market typically yields steady tenants.
How tight is the rental market in New Wilmington, PA?
Vacancy risk in New Wilmington, PA is elevated. That supports measured cash flow for typical rental holds.
Does house hacking make sense in New Wilmington, PA?
House hacking in New Wilmington, PA is reasonable to execute. Prices around $273K and rents of $873/mo solid owner-occupant economics.
Does New Wilmington, PA favor landlords or tenants?
New Wilmington, PA operates under PA law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
You know 16142 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16142 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 16142 ranks in Youngstown-Warren-Boardman, OH-PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 16142 (New Wilmington)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 16142 (New Wilmington, PA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.