Real Estate Investing in Mc Kean, Pennsylvania (16426)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16426 (Mc Kean, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Mc Kean, PA (16426)?
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Market Analysis: 16426 Mc Kean
The 16426 ZIP covers a section of Mc Kean that demands careful diligence. Prices near $313K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 16426 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 16426's metrics run below Erie County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 16426 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.
New investors are better served looking at Mc Kean's stable or hybrid ZIPs before stepping into 16426. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mc Kean:
Property Strategy for 16426
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $215,777 | $1,250 | 4.2% | +6.9% | $107,889 |
| 3BR | $282,004 | $1,550 | 4.0% | +7.4% | $94,001 |
| 4BR | $351,454 | $1,740 | 3.6% | +8.7% | $87,863 |
Market Trends
Home Value History (with trend line)
📊 How Does 16426 Compare?
| Metric | 16426 | Mc Kean | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $313,429 | $313,429 | N/A | $278,018 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 6.3% |
| Avg Rent | $1,125 | $1,125 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 16426 (Mc Kean, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,429 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +7.2% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 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 (2.8%). 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 16426
Population: 3,324
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 16426
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
Do rentals sit vacant long in Mc Kean, PA?
Occupancy in Mc Kean, PA runs steady with elevated vacancy. Well-priced units at $1,125/mo lease on reasonable timelines.
Are tenants stable in Mc Kean, PA?
The tenant pool in Mc Kean, PA is solid, supported by local employment and population fundamentals. Rents of $1,125/mo are well-absorbed by the market.
How strong are rents in Mc Kean, PA?
Expect rents around $1,125/mo per month in Mc Kean, PA. With home values at $313K, the yield math works out to reasonable levels for rental investors.
How viable is house hacking in Mc Kean, PA?
Mc Kean, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $313K price point reasonable to enter.
What kind of market is Mc Kean, PA for investors?
Mc Kean, PA scores 3.0/5 for investability. Home values sit at $313K and rents near $1,125/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 16426 now. You don’t know where it ranks.
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How 16426 ranks in Erie, PA
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