Real Estate Investing in Elkland, Pennsylvania (16920)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16920 (Elkland, PA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.2% 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 Elkland, PA (16920)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 16920 Elkland
Investors eyeing 16920 need to respect the fundamentals at play. Home values of $140K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 16920 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Turning to rents, 16920 offers a low basis, the region around Elkland has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 16920 ZIP's population of 1,749 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.
New investors are better served looking at Elkland's stable or hybrid ZIPs before stepping into 16920. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Elkland:
Property Strategy for 16920
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $103,663 | $970 | 6.7% | +5.8% | $51,832 |
| 3BR | $144,629 | $1,260 | 6.3% | +6.4% | $48,210 |
| 4BR | $144,439 | $1,300 | 6.5% | +6.7% | $36,110 |
Market Trends
Home Value History (with trend line)
📊 How Does 16920 Compare?
| Metric | 16920 | Elkland | Pennsylvania |
|---|---|---|---|
| Home Value | $140,327 | $140,327 | $278,018 |
| 5-Year CAGR | 5.9% | 5.9% | 6.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.9% | 4.9% | - |
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 16920 (Elkland, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,327 |
| Monthly Rent | $873 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (4.9%). 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 16920
Population: 1,749
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 16920
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 971 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What type of investing works in Elkland, PA?
A careful cash-flow rentals with hands-on management strategy Elkland, PA best. The market produces measured results for that approach at the $140K price point.
Does house hacking work in Elkland, PA?
House hacking in Elkland, PA is reasonable to execute. Prices around $140K and rents of $873/mo solid owner-occupant economics.
Where do rents currently stand in Elkland, PA?
The typical rental in Elkland, PA commands about $873/mo monthly. That rent profile steady cash flow against the $140K purchase basis.
Where do home prices stand in Elkland, PA?
Elkland, PA home values average about $140K. That price point suits investors targeting rentals with $873/mo in monthly income.
Is Elkland, PA a smart market for rental property?
With a 3.0/5 investability score, Elkland, PA ranks as a solid market for rental property investors. Median prices of $140K and rents of $873/mo drive the underlying numbers.
You know 16920 now. You don’t know where it ranks.
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