Real Estate Investing in New Enterprise, Pennsylvania (16664)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16664 (New Enterprise, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 New Enterprise, PA (16664)?
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Market Analysis: 16664 New Enterprise
The 16664 ZIP in New Enterprise, PA is a local-operator market. Outside capital chasing a $272K entry has to pair deep knowledge with the discount.
Put differently, the numbers look inviting — $272K purchase price, 0.0% nominal cap — the work to hit that pro forma in 16664 is substantial and deserves full respect.
In the broader PA picture, 16664 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 16664 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.
The 16664 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in New Enterprise:
Market Trends
Home Value History (with trend line)
📊 How Does 16664 Compare?
| Metric | 16664 | New Enterprise | Pennsylvania |
|---|---|---|---|
| Home Value | $271,748 | $271,748 | $278,018 |
| 5-Year CAGR | 4.1% | 4.1% | 6.3% |
| Avg Rent | $1,008 | $1,008 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16664 (New Enterprise, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $271,748 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 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 (2.9%). 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 16664
Population: 2,205
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 16664
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Northern Bedford County HS
Northern Bedford Co El Sch
Northern Bedford County MS
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
How does New Enterprise, PA stack up for property investment?
Yes - New Enterprise, PA a 3.0/5 investability score. With $272K home prices against $1,008/mo monthly rent, the market delivers a reasonable entry point for new investors.
What do rentals go for in New Enterprise, PA?
Rental rates in New Enterprise, PA average $1,008/mo. Tenant demand and $272K home values make the yield look reasonable by investor standards.
Are homes affordable in New Enterprise, PA?
New Enterprise, PA median home values land near $272K. That is reasonable territory for investors looking at $1,008/mo-per-month rentals.
How do experienced investors play New Enterprise, PA?
The best-fit strategy in New Enterprise, PA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in New Enterprise, PA?
Expect elevated vacancy in New Enterprise, PA. Rents at $1,008/mo are absorbed by the tenant base without meaningful lag.
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