Real Estate Investing in Pittsfield, Pennsylvania (16340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16340 (Pittsfield, 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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 37.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pittsfield, PA (16340)?
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Market Analysis: 16340 Pittsfield
The 16340 ZIP in Pittsfield, PA is a local-operator market. Outside capital chasing a $153K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 16340 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 16340 sits on the difficult end of the PA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 16340 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 16340 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 Pittsfield:
Market Trends
Home Value History (with trend line)
📊 How Does 16340 Compare?
| Metric | 16340 | Pittsfield | Warren, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $153,155 | $153,155 | N/A | $278,018 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 6.3% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16340 (Pittsfield, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $153,155 |
| Monthly Rent | $909 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.6%). 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 16340
Population: 1,849
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How expensive is real estate in Pittsfield, PA?
Median home price in Pittsfield, PA is near $153K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is it easy to find good tenants in Pittsfield, PA?
Tenant demand in Pittsfield, PA is solid. The local workforce $909/mo rents across most rental classes.
Is vacancy a concern in Pittsfield, PA?
Rental vacancy in Pittsfield, PA is elevated. Investors should budget normal turnover but not chronic empty units.
Is Pittsfield, PA good for house hacking?
House hacking in Pittsfield, PA is a challenging. With home values around $153K and rents at $909/mo, owner-occupants can offset a meaningful share of PITI.
How do landlord-tenant laws work in Pittsfield, PA?
PA ranks as a landlord-friendly state for landlord-tenant law. Pittsfield generally follows the statewide framework, so landlords face reasonable operating rules.
You know 16340 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16340 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 16340 ranks in Warren, PA
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