Real Estate Investing in Reno, Pennsylvania (16343)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16343 (Reno, 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.
- 1-year downturn: Values declined 5.7% in the last year.
- Elevated poverty: 23.7% poverty rate — can affect rent collection.
- Higher unemployment: 7.4% unemployment — tenant risk signal.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Reno, PA (16343)?
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Market Analysis: 16343 Reno
This part of Venango County is not an easy win. The 16343 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Put differently, the numbers look inviting — $97K purchase price, 0.0% nominal cap — the work to hit that pro forma in 16343 is substantial and deserves full respect.
Regionally, 16343 sits on the difficult end of the PA spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 16343 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 16343 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Reno:
Market Trends
Home Value History (with trend line)
📊 How Does 16343 Compare?
| Metric | 16343 | Reno | Oil City, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $97,317 | $97,317 | N/A | $278,018 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 6.3% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 7.2% | 7.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16343 (Reno, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $97,317 |
| Monthly Rent | $900 |
| Price-to-Rent | 9.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.1% |
| Cap Rate | 7.2% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | -5.7% ▼ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.2%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 16343
Population: 616
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 Reno, PA?
Median home price in Reno, PA is near $97K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
What is the typical renter like in Reno, PA?
Reno, PA offers a measured renter base at the $900/mo rent level. Tenant turnover is reasonable for well-managed properties.
Are landlord laws favorable in Reno, PA?
Rental owners in Reno, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is vacancy a concern in Reno, PA?
Expect elevated vacancy in Reno, PA. Rents at $900/mo are absorbed by the tenant base without meaningful lag.
How much do tenants pay in Reno, PA?
Rent in Reno, PA is around $900/mo. The resulting rent-to-value relationship with $97K pricing is reasonable for most investor models.
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How 16343 ranks in Oil City, PA
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