Real Estate Investing in Philipsburg, Pennsylvania (16866)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16866 (Philipsburg, 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: 14.1% of homes vacant — above national norms.
What’s happening in Philipsburg, PA (16866)?
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Market Analysis: 16866 Philipsburg
The 16866 ZIP in Philipsburg, PA is a local-operator market. Outside capital chasing a $167K entry has to pair deep knowledge with the discount.
The investment case in 16866 is solid only for operators who understand what they are buying. A $167K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
From a cash-flow lens, 16866 offers a low basis, the region around Philipsburg has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 16866 includes headwinds that any investor should price in. Income distribution skews lower than Philipsburg averages, and tenant stability requires active management.
Strategy in 16866 is an operator game, not a passive one. From a cash-flow lens, entry prices of $167K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Philipsburg:
Property Strategy for 16866
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $134,500 | $1,290 | 6.9% | +5.6% | $67,250 |
| 3BR | $177,221 | $1,570 | 6.4% | +5.2% | $59,074 |
| 4BR | $200,639 | $1,710 | 6.1% | +5.2% | $50,160 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 16866 Compare?
| Metric | 16866 | Philipsburg | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $167,324 | $167,324 | N/A | $278,018 |
| 5-Year CAGR | 2.6% | 2.6% | N/A | 6.3% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16866 (Philipsburg, 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
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📊 Market Snapshot
| Home Value | $167,324 |
| Monthly Rent | $900 |
| Price-to-Rent | 15.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (4.2%). 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 16866
Population: 8,924
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 16866
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
Does a duplex house hack pencil in Philipsburg, PA?
For house hackers, Philipsburg, PA is a challenging. The $900/mo rent on a unit helps defray the mortgage on a $167K property.
Are landlord laws favorable in Philipsburg, PA?
Philipsburg, PA operates under PA law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
What is the renter demographic in Philipsburg, PA?
Tenant quality in Philipsburg, PA ranks as solid. Landlords generally report consistent occupancy at market rents of $900/mo.
What do landlords charge for rent in Philipsburg, PA?
Rent in Philipsburg, PA is around $900/mo. The resulting rent-to-value relationship with $167K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Philipsburg, PA?
Rental vacancy in Philipsburg, PA is elevated. Investors should budget normal turnover but not chronic empty units.
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How 16866 ranks in State College, PA
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