Real Estate Investing in North Springfield, Pennsylvania (16430)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16430 (North Springfield, 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.
- High vacancy: 32.7% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in North Springfield, PA (16430)?
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Market Analysis: 16430 North Springfield
ZIP 16430 in North Springfield, PA carries a healthy set of headwinds. Home values near $202K and rents of $1,224/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 16430 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Turning to rents, 16430 offers a low basis, the region around North Springfield has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 16430 ZIP's population of 118 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Strategically, 16430 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in North Springfield:
Market Trends
Home Value History (with trend line)
📊 How Does 16430 Compare?
| Metric | 16430 | North Springfield | Erie, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $202,237 | $202,237 | N/A | $278,018 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.3% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 4.7% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16430 (North Springfield, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,237 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 13.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.3% |
| Cap Rate | 4.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (4.7%). 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 16430
Population: 118
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 16430
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Springfield El Sch
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
Are rents high in North Springfield, PA?
Rents in North Springfield, PA run near $1,224/mo. Compared with median home prices of $202K that produces solid gross yields for typical rentals.
How high is vacancy risk in North Springfield, PA?
North Springfield, PA carries elevated vacancy risk. Expect consistent absorption at market rents of $1,224/mo.
What is the typical home price in North Springfield, PA?
In North Springfield, PA the median home value sits at $202K. Against the broader PA market, that reads as reasonable for most investors.
Is North Springfield, PA landlord-friendly?
PA law landlord-friendly for landlords, and North Springfield inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is tenant demand in North Springfield, PA?
North Springfield, PA draws a measured base of working renters. Demand at the $1,224/mo rent level is reasonable for standard single-family and small multi rentals.
You know 16430 now. You don’t know where it ranks.
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How 16430 ranks in Erie, PA
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