Real Estate Investing in Ulysses, Pennsylvania (16948)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16948 (Ulysses, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 47.4% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ulysses, PA (16948)?
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Market Analysis: 16948 Ulysses
ZIP 16948 in Ulysses, PA carries a substantial set of headwinds. Home values near $185K and rents of $873/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 16948 reflects the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Looking more closely, 16948 offers a low basis, the region around Ulysses has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 16948 ZIP's population of 1,683 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. solid returns are possible in 16948, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Ulysses:
Market Trends
Home Value History (with trend line)
📊 How Does 16948 Compare?
| Metric | 16948 | Ulysses | Pennsylvania |
|---|---|---|---|
| Home Value | $185,236 | $185,236 | $278,018 |
| 5-Year CAGR | 1.0% | 1.0% | 6.3% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16948 (Ulysses, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $185,236 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 4.7% |
📈 Home Appreciation
| 1-Year | +9.6% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 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 (3.7%). 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 16948
Population: 1,683
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 16948
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
What do landlords charge for rent in Ulysses, PA?
Rent in Ulysses, PA is around $873/mo. The resulting rent-to-value relationship with $185K pricing is reasonable for most investor models.
Are eviction rules reasonable in Ulysses, PA?
For rental operators, Ulysses, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What strategy should investors use in Ulysses, PA?
A careful cash-flow rentals with hands-on management strategy Ulysses, PA best. The market produces consistent results for that approach at the $185K price point.
Does Ulysses, PA make sense for an investment property?
With a 2.0/5 investability score, Ulysses, PA ranks as a solid market for rental property investors. Median prices of $185K and rents of $873/mo drive the underlying numbers.
Is the tenant base reliable in Ulysses, PA?
The renter base in Ulysses, PA is reasonable for the $873/mo price point. Screening well and pricing to market typically yields predictable tenants.
You know 16948 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 16948 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.
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