Real Estate Investing in Pine Grove Mills, Pennsylvania (16868)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16868 (Pine Grove Mills, 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.
- High vacancy: 17.7% 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 Pine Grove Mills, PA (16868)?
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Market Analysis: 16868 Pine Grove Mills
This part of Centre County is not an easy win. The 16868 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 16868 is robust only for operators who understand what they are buying. A $320K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader PA picture, 16868 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 16868 ZIP's population of 1,174 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
New investors are better served looking at Pine Grove Mills's stable or hybrid ZIPs before stepping into 16868. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pine Grove Mills:
Market Trends
Home Value History (with trend line)
📊 How Does 16868 Compare?
| Metric | 16868 | Pine Grove Mills | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $319,603 | $319,603 | N/A | $278,018 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.3% |
| Avg Rent | $1,386 | $1,386 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 16868 (Pine Grove Mills, 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 | $319,603 |
| Monthly Rent | $1,386 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (3.4%). 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 16868
Population: 1,174
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 16868
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.
🎓 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
How much should I expect to pay for a home in Pine Grove Mills, PA?
Typical homes in Pine Grove Mills, PA go for around $320K. The 5-year CAGR of 0.0% stable price movement.
Does house hacking make sense in Pine Grove Mills, PA?
House hacking works a challenging in Pine Grove Mills, PA. Rents of $1,386/mo against $320K acquisition make the strategy solid for owner-occupants.
Is Pine Grove Mills, PA landlord-friendly?
PA ranks as a landlord-friendly state for landlord-tenant law. Pine Grove Mills generally follows the statewide framework, so landlords face reasonable operating rules.
Do rentals sit vacant long in Pine Grove Mills, PA?
Expect elevated vacancy in Pine Grove Mills, PA. Rents at $1,386/mo are absorbed by the tenant base without meaningful lag.
How strong are rents in Pine Grove Mills, PA?
Investors in Pine Grove Mills, PA typically see rents near $1,386/mo per month against $320K home values - a solid setup for rental cash flow.
You know 16868 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16868 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 16868 ranks in State College, PA
Every ZIP in this metro, ranked. Free.
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