Real Estate Investing in Albion, Pennsylvania (16401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16401 (Albion, 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.
- Elevated vacancy: 9.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Albion, PA (16401)?
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Market Analysis: 16401 Albion
Not every below-median market is a bargain. Albion's 16401 ZIP records signals that favor experienced operators who can absorb the risk $208K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 16401 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 16401 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 16401 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 16401 is an operator game, not a passive one. Turning to rents, entry prices of $208K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Albion:
Property Strategy for 16401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $166,731 | $1,010 | 4.4% | +6.9% | $83,365 |
| 3BR | $196,850 | $1,260 | 4.6% | +7.0% | $65,617 |
| 4BR | $209,890 | $1,370 | 4.7% | +7.4% | $52,473 |
Market Trends
Home Value History (with trend line)
📊 How Does 16401 Compare?
| Metric | 16401 | Albion | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $207,799 | $103,900 | N/A | $278,018 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.3% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 16401 (Albion, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $207,799 |
| Monthly Rent | $909 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +12.1% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (3.4%). 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 16401
Population: 3,842
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 16401
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.
Frequently Asked Questions
Is housing expensive in Albion, PA?
Albion, PA median home values land near $208K. That is reasonable territory for investors looking at $909/mo-per-month rentals.
Are renters plentiful in Albion, PA?
Working renters make up the core of the Albion, PA tenant base. The pool is reasonable for investors targeting long-term holds.
What do landlords charge for rent in Albion, PA?
Expect rents around $909/mo per month in Albion, PA. With home values at $208K, the yield math works out to reasonable levels for rental investors.
How do landlord-tenant laws work in Albion, PA?
PA law landlord-friendly for landlords, and Albion inherits those rules. Investors should still review local ordinances for rental licensing.
Does a duplex house hack pencil in Albion, PA?
For house hackers, Albion, PA is a challenging. The $909/mo rent on a unit helps defray the mortgage on a $208K property.
You know 16401 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16401 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 16401 ranks in Erie, PA
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