Real Estate Investing in Morris, Pennsylvania (16938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16938 (Morris, 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: 58.3% 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 Morris, PA (16938)?
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Market Analysis: 16938 Morris
Not every below-median market is a bargain. Morris's 16938 ZIP stands at signals that favor experienced operators who can absorb the risk $245K pricing implies.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 16938 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 16938 and stronger Morris ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 16938 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 16938 is an operator game, not a passive one. Turning to rents, entry prices of $245K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Morris:
Property Strategy for 16938
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,344 | $1,020 | 3.9% | +7.6% | $93,672 |
| 3BR | $250,953 | $1,330 | 3.8% | +6.5% | $83,651 |
Market Trends
Home Value History (with trend line)
📊 How Does 16938 Compare?
| Metric | 16938 | Morris | Williamsport, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $244,509 | $244,509 | N/A | $278,018 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 6.3% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16938 (Morris, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $244,509 |
| Monthly Rent | $918 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (2.9%). 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 16938
Population: 786
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
Frequently Asked Questions
Where do rents currently stand in Morris, PA?
The typical rental in Morris, PA commands about $918/mo monthly. That rent profile predictable cash flow against the $245K purchase basis.
What is the best play in Morris, PA?
Morris, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($245K prices, $918/mo rents) make it a reasonable choice.
What is the median home value in Morris, PA?
Expect median prices around $245K in Morris, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Is Morris in PA worth investing in?
Our data puts Morris, PA at 3.0/5 for investability. Home prices of $245K and rents around $918/mo create a solid backdrop for investor activity.
Are renters plentiful in Morris, PA?
Working renters make up the core of the Morris, PA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 16938 now. You don’t know where it ranks.
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How 16938 ranks in Williamsport, PA
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