Real Estate Investing in Girard, Pennsylvania (16417)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16417 (Girard, PA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% 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 Girard, PA (16417)?
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Market Analysis: 16417 Girard
Investors eyeing 16417 need to respect the fundamentals at play. Home values of $234K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $234K asset, 16417 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Girard have seen price recovery that 16417 has not matched. Erie County data supports the view that the spread is structural rather than temporary.
A robust renter share of 26% in 16417 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 16417 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 Girard:
Property Strategy for 16417
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,236 | $1,010 | 4.2% | +7.8% | $86,118 |
| 3BR | $222,097 | $1,260 | 4.1% | +7.4% | $74,032 |
| 4BR | $274,036 | $1,370 | 3.6% | +8.2% | $68,509 |
Market Trends
Home Value History (with trend line)
📊 How Does 16417 Compare?
| Metric | 16417 | Girard | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $234,353 | $234,353 | N/A | $278,018 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.3% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16417 (Girard, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $234,353 |
| Monthly Rent | $909 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +8.9% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.0%). 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 16417
Population: 8,400
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 16417
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
Is Girard, PA a smart market for rental property?
With a 3.0/5 investability score, Girard, PA ranks as a solid market for rental property investors. Median prices of $234K and rents of $909/mo drive the underlying numbers.
What is the average monthly rent in Girard, PA?
Expect rents around $909/mo per month in Girard, PA. With home values at $234K, the yield math works out to reasonable levels for rental investors.
What are vacancy rates like in Girard, PA?
Girard, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
Are homes affordable in Girard, PA?
Girard, PA home values average about $234K. That price point suits investors targeting rentals with $909/mo in monthly income.
What strategy should investors use in Girard, PA?
Investors usually favor careful cash-flow rentals with hands-on management in Girard, PA. With home values at $234K and rents near $909/mo, other strategies can work but produce steady rather than outsized returns.
You know 16417 now. You don’t know where it ranks.
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How 16417 ranks in Erie, PA
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