Real Estate Investing in Russell, Pennsylvania (16345)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16345 (Russell, 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.
- High vacancy: 18.6% 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 Russell, PA (16345)?
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Market Analysis: 16345 Russell
From a cash-flow lens, ZIP 16345 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $215K median. It rewards specialists, not generalists.
For an experienced owner, 16345 can be a a solid fit for hunting ground — but the discount at $215K reflects genuine risk that outside investors often underestimate.
Stepping back, 16345 offers a low basis, the region around Russell has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 9% in 16345 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Russell:
Property Strategy for 16345
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $165,385 | $970 | 4.2% | +7.0% | $82,692 |
| 3BR | $209,796 | $1,300 | 4.5% | +7.0% | $69,932 |
| 4BR | $255,458 | $1,360 | 3.8% | +9.2% | $63,865 |
Market Trends
Home Value History (with trend line)
📊 How Does 16345 Compare?
| Metric | 16345 | Russell | Warren, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $214,846 | $214,846 | N/A | $278,018 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 16345 (Russell, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $214,846 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 16345
Population: 3,602
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 16345
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
Investor Insight: With 626 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Russell, PA make sense for an investment property?
The 3.0/5 investability rating in Russell, PA reflects its $215K prices and $873/mo rents. Investors generally consider it a solid option within PA.
Can owner-occupants cash flow in Russell, PA?
Russell, PA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
What is the average monthly rent in Russell, PA?
Expect rents around $873/mo per month in Russell, PA. With home values at $215K, the yield math works out to reasonable levels for rental investors.
Which real estate strategy fits Russell, PA?
The best-fit strategy in Russell, PA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What is the typical vacancy rate in Russell, PA?
Russell, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 16345 now. You don’t know where it ranks.
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How 16345 ranks in Warren, PA
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