Real Estate Investing in Troy, Pennsylvania (16947)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16947 (Troy, 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: 24.1% 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 Troy, PA (16947)?
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Market Analysis: 16947 Troy
Investors eyeing 16947 need to respect the fundamentals at play. Home values of $210K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $210K purchase price, 0.0% nominal cap — the work to hit that pro forma in 16947 is substantial and deserves full respect.
In the broader PA picture, 16947 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A impressive renter share of 26% in 16947 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 16947 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 Troy:
Property Strategy for 16947
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,477 | $970 | 4.0% | +5.4% | $86,238 |
| 3BR | $204,230 | $1,230 | 4.3% | +6.1% | $68,077 |
| 4BR | $230,802 | $1,380 | 4.3% | +7.0% | $57,701 |
Market Trends
Home Value History (with trend line)
📊 How Does 16947 Compare?
| Metric | 16947 | Troy | Sayre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $209,534 | $209,534 | N/A | $278,018 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16947 (Troy, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $209,534 |
| Monthly Rent | $873 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +7.7% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 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 16947
Population: 4,653
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 16947
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
Is Troy, PA a smart market for rental property?
With a 3.0/5 investability score, Troy, PA ranks as a solid market for rental property investors. Median prices of $210K and rents of $873/mo drive the underlying numbers.
What is the average home sale price in Troy, PA?
Expect median prices around $210K in Troy, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
What is the average monthly rent in Troy, PA?
Rent in Troy, PA is around $873/mo. The resulting rent-to-value relationship with $210K pricing is reasonable for most investor models.
What approach is best for Troy, PA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Troy, PA. The numbers - $210K homes against $873/mo rents - support that play.
Does house hacking make sense in Troy, PA?
House hacking in Troy, PA is reasonable to execute. Prices around $210K and rents of $873/mo solid owner-occupant economics.
You know 16947 now. You don’t know where it ranks.
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How 16947 ranks in Sayre, PA
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