Real Estate Investing in Waterford, Pennsylvania (16441)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16441 (Waterford, 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 Waterford, PA (16441)?
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Market Analysis: 16441 Waterford
The 16441 ZIP covers a section of Waterford that demands careful diligence. Prices near $320K look accessible, but the work to make a deal cash flow is real.
From a cash-flow lens, the numbers look inviting — $320K purchase price, 0.0% nominal cap — the work to hit that pro forma in 16441 is substantial and deserves full respect.
The gap between 16441 and stronger Waterford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 15% in 16441 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Waterford's stable or hybrid ZIPs before stepping into 16441. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Waterford:
Property Strategy for 16441
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $226,042 | $1,350 | 4.3% | +7.3% | $113,021 |
| 3BR | $288,939 | $1,670 | 4.2% | +7.1% | $96,313 |
| 4BR | $373,054 | $1,870 | 3.6% | +7.9% | $93,264 |
| 5BR | $368,529 | — | — | +6.9% | $73,706 |
Market Trends
Home Value History (with trend line)
📊 How Does 16441 Compare?
| Metric | 16441 | Waterford | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $319,780 | $319,780 | N/A | $278,018 |
| 5-Year CAGR | 6.7% | 6.7% | N/A | 6.3% |
| Avg Rent | $1,215 | $1,215 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 16441 (Waterford, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $319,780 |
| Monthly Rent | $1,215 |
| Price-to-Rent | 21.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +11.6% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 16441
Population: 9,485
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 16441
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 are home prices like in Waterford, PA?
Homes in Waterford, PA typically sell near $320K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Does house hacking make sense in Waterford, PA?
For house hackers, Waterford, PA is a challenging. The $1,215/mo rent on a unit helps defray the mortgage on a $320K property.
Are renters plentiful in Waterford, PA?
The tenant pool in Waterford, PA is solid, supported by local employment and population fundamentals. Rents of $1,215/mo are well-absorbed by the market.
What do landlords charge for rent in Waterford, PA?
The typical rental in Waterford, PA commands about $1,215/mo monthly. That rent profile stable cash flow against the $320K purchase basis.
Are there empty rentals in Waterford, PA?
Vacancy risk in Waterford, PA is elevated. That supports steady cash flow for typical rental holds.
You know 16441 now. You don’t know where it ranks.
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How 16441 ranks in Erie, PA
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