Real Estate Investing in Lemont, Pennsylvania (16851)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16851 (Lemont, 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: 15.3% 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 Lemont, PA (16851)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 16851 Lemont
ZIP 16851 in Lemont, PA carries a durable set of headwinds. Home values near $388K and rents of $1,332/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 16851 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 16851's metrics run below Centre County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 16851 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 16851 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lemont:
Market Trends
Home Value History (with trend line)
📊 How Does 16851 Compare?
| Metric | 16851 | Lemont | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $388,336 | $388,336 | N/A | $278,018 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.3% |
| Avg Rent | $1,332 | $1,332 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16851 (Lemont, 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 | $388,336 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +4.9% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (2.7%). 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 16851
Population: 993
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 16851
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Easterly Parkway El Sch
Mount Nittany MS
Corl Street El Sch
Mount Nittany El Sch
Spring Creek 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.
🎓 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
Is Lemont, PA a good place for real estate investing?
With a 3.0/5 investability score, Lemont, PA ranks as a solid market for rental property investors. Median prices of $388K and rents of $1,332/mo drive the underlying numbers.
How high is vacancy risk in Lemont, PA?
Vacancy in Lemont, PA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,332/mo.
Is Lemont, PA better for rentals, flips, or BRRRR?
The best-fit strategy in Lemont, PA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Lemont, PA a good market for FHA house hackers?
The house hack math a challenging in Lemont, PA. Owner-occupant buyers benefit from the $1,332/mo rents and $388K home values.
What do rentals go for in Lemont, PA?
Lemont, PA rentals go for roughly $1,332/mo a month. That puts gross yield in solid territory relative to $388K acquisition costs.
You know 16851 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16851 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 16851 ranks in State College, PA
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