Real Estate Investing in Granville, Pennsylvania (17029)
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Should you buy in 17029 (Granville, PA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
No major risk flags on the data we track.
• 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 Granville, PA (17029)?
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Market Analysis: 17029 Granville
The 17029 ZIP covers a section of Granville that demands careful diligence. Prices near $171K look accessible, but the work to make a deal cash flow is real.
On the rental side, the numbers look inviting — $171K purchase price, 0.0% nominal cap — the work to hit that pro forma in 17029 is substantial and deserves full respect.
The gap between 17029 and stronger Granville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 17029 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. robust returns are possible in 17029, 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 Granville:
Market Trends
Home Value History (with trend line)
📊 How Does 17029 Compare?
| Metric | 17029 | Granville | Lewistown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $170,928 | $170,928 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 17029 (Granville, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $170,928 |
| Monthly Rent | $873 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (4.0%). 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 17029
Population: 254
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 17029
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Lewistown El Sch
East Derry El Sch
Lewistown Intrmd Sch
Mifflin Co JHS
Mifflin Co MS
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
Frequently Asked Questions
Is Granville, PA a smart market for rental property?
The 2.0/5 investability rating in Granville, PA reflects its $171K prices and $873/mo rents. Investors generally consider it a solid option within PA.
What is the average monthly rent in Granville, PA?
Rent in Granville, PA is around $873/mo. The resulting rent-to-value relationship with $171K pricing is reasonable for most investor models.
Is Granville, PA better for rentals, flips, or BRRRR?
Granville, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($171K prices, $873/mo rents) make it a reasonable choice.
Can I live-in-and-rent in Granville, PA?
The house hack math a challenging in Granville, PA. Owner-occupant buyers benefit from the $873/mo rents and $171K home values.
Are there empty rentals in Granville, PA?
Granville, PA sees elevated vacancy, which is reasonable relative to the broader PA rental market.
You know 17029 now. You don’t know where it ranks.
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How 17029 ranks in Lewistown, PA
Every ZIP in this metro, ranked. Free.
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