Real Estate Investing in Corry, Pennsylvania (16407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16407 (Corry, 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.
- Elevated vacancy: 10.0% 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 Corry, PA (16407)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 16407 Corry
In practical terms, ZIP 16407 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $161K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 16407 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader PA picture, 16407 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 16407 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks to 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 Corry:
Property Strategy for 16407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $123,885 | $1,090 | 6.3% | +6.4% | $61,942 |
| 3BR | $152,356 | $1,360 | 6.4% | +5.8% | $50,785 |
| 4BR | $162,507 | $1,510 | 6.7% | +5.6% | $40,627 |
| 5BR | $187,676 | — | — | +6.3% | $37,535 |
Market Trends
Home Value History (with trend line)
📊 How Does 16407 Compare?
| Metric | 16407 | Corry | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $160,884 | $160,884 | N/A | $278,018 |
| 5-Year CAGR | 4.8% | 4.8% | N/A | 6.3% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16407 (Corry, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,884 |
| Monthly Rent | $981 |
| Price-to-Rent | 13.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.8% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.8%). 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 16407
Population: 10,555
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 16407
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
What is the typical home price in Corry, PA?
Homes in Corry, PA typically sell near $161K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
How deep is the rental pool in Corry, PA?
Expect a solid tenant pool in Corry, PA. The rental market absorbs $981/mo rents without meaningful friction.
Does house hacking make sense in Corry, PA?
House hacking works a challenging in Corry, PA. Rents of $981/mo against $161K acquisition make the strategy solid for owner-occupants.
What do rentals go for in Corry, PA?
Rental rates in Corry, PA average $981/mo. Tenant demand and $161K home values make the yield look reasonable by investor standards.
Does Corry, PA favor landlords or tenants?
Rental owners in Corry, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 16407 now. You don’t know where it ranks.
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How 16407 ranks in Erie, PA
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