Real Estate Investing in Port Allegany, Pennsylvania (16743)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16743 (Port Allegany, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Port Allegany, PA (16743)?
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Market Analysis: 16743 Port Allegany
The 16743 ZIP covers a section of Port Allegany that demands careful diligence. Prices near $132K look accessible, but the work to make a deal cash flow is real.
Rent of $927/mo on a $132K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 16743 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 16743 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 16743 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 16743 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 Port Allegany:
Market Trends
Home Value History (with trend line)
📊 How Does 16743 Compare?
| Metric | 16743 | Port Allegany | Bradford, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $131,946 | $131,946 | N/A | $278,018 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 6.3% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16743 (Port Allegany, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $131,946 |
| Monthly Rent | $927 |
| Price-to-Rent | 11.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +17.6% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 (5.5%). 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 16743
Population: 3,960
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 16743
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.
Frequently Asked Questions
How does Port Allegany, PA rate as a rental market?
Port Allegany, PA scores 3.0/5 for investability. Home values sit at $132K and rents near $927/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How much rent can I charge in Port Allegany, PA?
Port Allegany, PA rentals go for roughly $927/mo a month. That puts gross yield in solid territory relative to $132K acquisition costs.
Where do home prices stand in Port Allegany, PA?
Port Allegany, PA home values average about $132K. That price point suits investors targeting rentals with $927/mo in monthly income.
How high is vacancy risk in Port Allegany, PA?
Port Allegany, PA carries elevated vacancy risk. Expect steady absorption at market rents of $927/mo.
Is house hacking profitable in Port Allegany, PA?
House hacking in Port Allegany, PA is reasonable to execute. Prices around $132K and rents of $927/mo solid owner-occupant economics.
You know 16743 now. You don’t know where it ranks.
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How 16743 ranks in Bradford, PA
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