Real Estate Investing in Parker, Pennsylvania (16049)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16049 (Parker, 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.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 24.3% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.2% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parker, PA (16049)?
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Market Analysis: 16049 Parker
Not every below-median market is a bargain. Parker's 16049 ZIP posts signals that favor experienced operators who can absorb the risk $135K pricing implies.
The 16049 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 16049 sits on the difficult end of the PA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 16049 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 16049 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Parker:
Market Trends
Home Value History (with trend line)
📊 How Does 16049 Compare?
| Metric | 16049 | Parker | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $135,459 | $135,459 | N/A | $278,018 |
| 5-Year CAGR | 1.2% | 1.2% | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.0% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16049 (Parker, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $135,459 |
| Monthly Rent | $873 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +1.2% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 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 (5.0%). 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 16049
Population: 2,897
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 16049
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Allegheny-Clarion Valley Elem
Allegheny-Clarion Valley HS
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.
Frequently Asked Questions
Are tenants stable in Parker, PA?
Working renters make up the core of the Parker, PA tenant base. The pool is reasonable for investors targeting long-term holds.
What type of investing works in Parker, PA?
Investors usually favor careful cash-flow rentals with hands-on management in Parker, PA. With home values at $135K and rents near $873/mo, other strategies can work but produce even-keeled rather than outsized returns.
How much does a house cost in Parker, PA?
In Parker, PA the median home value sits at $135K. Against the broader PA market, that reads as reasonable for most investors.
Can I live-in-and-rent in Parker, PA?
House hacking in Parker, PA is a challenging. With home values around $135K and rents at $873/mo, owner-occupants can offset a meaningful share of PITI.
What are vacancy rates like in Parker, PA?
Parker, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
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