Real Estate Investing in North East, Pennsylvania (16428)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16428 (North East, 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: 10.6% 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 North East, PA (16428)?
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Market Analysis: 16428 North East
ZIP 16428 in North East, PA carries a solid set of headwinds. Home values near $271K and rents of $954/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 16428 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 16428 and stronger North East ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 16428 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 16428, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in North East:
Property Strategy for 16428
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $201,512 | $1,060 | 3.8% | +8.0% | $100,756 |
| 3BR | $245,292 | $1,310 | 3.8% | +8.0% | $81,764 |
| 4BR | $292,269 | $1,470 | 3.6% | +8.3% | $73,067 |
| 5BR | $318,736 | — | — | +8.3% | $63,747 |
Market Trends
Home Value History (with trend line)
📊 How Does 16428 Compare?
| Metric | 16428 | North East | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $270,768 | $270,768 | N/A | $278,018 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.3% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16428 (North East, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,768 |
| Monthly Rent | $954 |
| Price-to-Rent | 23.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +11.7% ▲ |
| 3-Year CAGR | +7.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 16428
Population: 12,508
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 16428
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 kind of market is North East, PA for investors?
The 3.0/5 investability rating in North East, PA reflects its $271K prices and $954/mo rents. Investors generally consider it a solid option within PA.
What is the rental occupancy rate in North East, PA?
Vacancy risk in North East, PA is elevated. That supports predictable cash flow for typical rental holds.
Where do rents currently stand in North East, PA?
North East, PA rentals go for roughly $954/mo a month. That puts gross yield in solid territory relative to $271K acquisition costs.
How much does a house cost in North East, PA?
North East, PA home values average about $271K. That price point suits investors targeting rentals with $954/mo in monthly income.
Is North East, PA a good market for FHA house hackers?
The a challenging house-hack environment in North East, PA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 16428 now. You don’t know where it ranks.
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How 16428 ranks in Erie, PA
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Community Ratings
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