Real Estate Investing in Julian, Pennsylvania (16844)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16844 (Julian, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.1% 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 Julian, PA (16844)?
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Market Analysis: 16844 Julian
Not every below-median market is a bargain. Julian's 16844 ZIP sits at signals that favor experienced operators who can absorb the risk $297K pricing implies.
The investment case in 16844 is resilient only for operators who understand what they are buying. A $297K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 16844 and stronger Julian ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 16844 ZIP's population of 2,521 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 16844 is an operator game, not a passive one. Turning to rents, entry prices of $297K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Julian:
Property Strategy for 16844
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,896 | $1,290 | 3.9% | +4.5% | $119,948 |
| 3BR | $283,056 | $1,570 | 4.0% | +5.0% | $94,352 |
| 4BR | $358,202 | $1,710 | 3.4% | +5.6% | $89,551 |
Market Trends
Home Value History (with trend line)
📊 How Does 16844 Compare?
| Metric | 16844 | Julian | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $297,308 | $297,308 | N/A | $278,018 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 6.3% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16844 (Julian, PA). Anonymous, moderated, never written by AI.
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Property managers serving Centre County
Manage rentals here? List your business →Nittany Property Management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $297,308 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (3.1%). 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 16844
Population: 2,521
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
🎓 Nearby Colleges & Universities
Investor Insight: With 9,651 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Julian, PA?
Julian, PA offers a predictable renter base at the $1,161/mo rent level. Tenant turnover is reasonable for well-managed properties.
How strong is Julian, PA for real estate investors?
Julian, PA scores 3.0/5 for investability. Home values sit at $297K and rents near $1,161/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are there empty rentals in Julian, PA?
Julian, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
Does house hacking make sense in Julian, PA?
House hacking works a challenging in Julian, PA. Rents of $1,161/mo against $297K acquisition make the strategy solid for owner-occupants.
How much does a house cost in Julian, PA?
Homes in Julian, PA typically sell near $297K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
You know 16844 now. You don’t know where it ranks.
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How 16844 ranks in State College, PA
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