Real Estate Investing in Sheffield, Pennsylvania (16347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16347 (Sheffield, 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: 54.4% 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 Sheffield, PA (16347)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 16347 Sheffield
Investors scanning Sheffield, PA for forced-equity plays often land on the 16347 ZIP. A a strong candidate for entry near $81K pairs with rents of $1,017/mo to widen the renovation window.
BRRRR works in 16347 because the math supports it. Buy at $81K, rehab, and the refinance step typically recovers capital in a way that flat-yield markets cannot match.
The worth a close look for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 16347 has not.
The 16347 ZIP's demographic trend has been one of stability with upside — population of 1,538, steady renter share, and an incoming cohort that is willing to pay for improved units.
ZIP 16347 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Sheffield:
Property Strategy for 16347
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $67,680 | $1,130 | 12.0% | — | $33,840 |
| 3BR | $87,654 | $1,510 | 12.4% | — | $29,218 |
Market Trends
Home Value History (with trend line)
📊 How Does 16347 Compare?
| Metric | 16347 | Sheffield | Warren, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $80,613 | $80,613 | N/A | $278,018 |
| 5-Year CAGR | 1.6% | 1.6% | N/A | 6.3% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 9.8% | 9.8% | - | - |
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 16347 (Sheffield, PA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 16347 (Sheffield, PA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $80,613 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 6.6:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 15.1% |
| Cap Rate | 9.8% |
| 5-Year IRR | 11.4% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +1.6% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (9.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 16347
Population: 1,538
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 16347
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
What is the median home value in Sheffield, PA?
The median home value in Sheffield, PA is roughly $81K. That puts it reasonable relative to the PA statewide average.
Is it possible to hit the 1% rule in Sheffield, PA?
With rents of $1,017/mo on $81K homes, Sheffield, PA close to the 1% rule for most properties. The actual rent-to-price ratio is 1.26%.
What is the investability score for Sheffield, PA?
Sheffield, PA scores 4.0/5 for investability. Home values sit at $81K and rents near $1,017/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Does house hacking work in Sheffield, PA?
The house hack math an attractive in Sheffield, PA. Owner-occupant buyers benefit from the $1,017/mo rents and $81K home values.
Are there BRRRR deals in Sheffield, PA?
Operators BRRRR-ing in Sheffield, PA report a strong results. Focus on sub-market acquisition and tight rehab budgets to capture the spread.
You know 16347 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16347 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 16347 ranks in Warren, PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 16347 (Sheffield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 16347 (Sheffield, PA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.