Real Estate Investing in Freeport, Pennsylvania (16229)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16229 (Freeport, 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.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Freeport, PA (16229)?
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Market Analysis: 16229 Freeport
The 16229 ZIP in Freeport, PA is a local-operator market. Outside capital chasing a $221K entry has to pair deep knowledge with the discount.
For an experienced owner, 16229 can be a a viable market for hunting ground — but the discount at $221K reflects genuine risk that outside investors often underestimate.
The gap between 16229 and stronger Freeport ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 16229 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 16229 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 Freeport:
Property Strategy for 16229
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $139,839 | $1,010 | 5.2% | +5.2% | $69,920 |
| 3BR | $201,052 | $1,300 | 4.7% | +5.2% | $67,017 |
| 4BR | $300,049 | $1,400 | 3.4% | +5.6% | $75,012 |
Market Trends
Home Value History (with trend line)
📊 How Does 16229 Compare?
| Metric | 16229 | Freeport | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $220,593 | $220,593 | N/A | $278,018 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 6.3% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16229 (Freeport, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $220,593 |
| Monthly Rent | $909 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (3.2%). 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 16229
Population: 4,900
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 16229
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
Is Freeport, PA a smart market for rental property?
The 3.0/5 investability rating in Freeport, PA reflects its $221K prices and $909/mo rents. Investors generally consider it a solid option within PA.
What is the typical vacancy rate in Freeport, PA?
Freeport, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Are landlord laws favorable in Freeport, PA?
Freeport, PA operates under PA law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
Does house hacking make sense in Freeport, PA?
House hacking works a challenging in Freeport, PA. Rents of $909/mo against $221K acquisition make the strategy solid for owner-occupants.
How much do tenants pay in Freeport, PA?
Expect rents around $909/mo per month in Freeport, PA. With home values at $221K, the yield math works out to reasonable levels for rental investors.
You know 16229 now. You don’t know where it ranks.
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How 16229 ranks in Pittsburgh, PA
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