Real Estate Investing in Pennsylvania Furnace, Pennsylvania (16865)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16865 (Pennsylvania Furnace, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pennsylvania Furnace, PA (16865)?
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Market Analysis: 16865 Pennsylvania Furnace
ZIP 16865 in Pennsylvania Furnace, PA carries a robust set of headwinds. Home values near $358K and rents of $1,503/mo sit inside a market where underwriting has to be tight.
The 16865 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 16865'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.
The 16865 ZIP's population of 1,657 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The right play in 16865 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 Pennsylvania Furnace:
Property Strategy for 16865
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $326,672 | $2,100 | 4.6% | +5.0% | $108,891 |
| 4BR | $416,556 | $2,240 | 3.9% | +5.2% | $104,139 |
Market Trends
Home Value History (with trend line)
📊 How Does 16865 Compare?
| Metric | 16865 | Pennsylvania Furnace | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $357,800 | $357,800 | N/A | $278,018 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.3% |
| Avg Rent | $1,503 | $1,503 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16865 (Pennsylvania Furnace, 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 | $357,800 |
| Monthly Rent | $1,503 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (3.3%). 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 16865
Population: 1,657
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 9,581 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much does a house cost in Pennsylvania Furnace, PA?
The median home value in Pennsylvania Furnace, PA is roughly $358K. That puts it reasonable relative to the PA statewide average.
Should investors consider Pennsylvania Furnace, PA?
Pennsylvania Furnace, PA reports an investability rating of 3.0/5, with median home values near $358K and average rents around $1,503/mo. That combination puts it in the sturdy tier for investor interest.
What is the typical renter like in Pennsylvania Furnace, PA?
The renter base in Pennsylvania Furnace, PA is reasonable for the $1,503/mo price point. Screening well and pricing to market typically yields consistent tenants.
What kind of vacancy should I budget for in Pennsylvania Furnace, PA?
Expect elevated vacancy in Pennsylvania Furnace, PA. Rents at $1,503/mo are absorbed by the tenant base without meaningful lag.
What is it like being a landlord in Pennsylvania Furnace, PA?
The landlord environment in Pennsylvania Furnace, PA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 16865 now. You don’t know where it ranks.
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How 16865 ranks in State College, PA
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