Real Estate Investing in Woodward, Pennsylvania (16882)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16882 (Woodward, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 37.2% 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 Woodward, PA (16882)?
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Market Analysis: 16882 Woodward
The 16882 ZIP in Woodward, PA is a local-operator market. Outside capital chasing a $295K entry has to pair deep knowledge with the discount.
Rent of $1,161/mo on a $295K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 16882 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Woodward have seen price recovery that 16882 has not matched. Centre County data supports the view that the spread is structural rather than temporary.
Demographically, 16882 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 16882 is an operator game, not a passive one. From an investor standpoint, entry prices of $295K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Woodward:
Market Trends
Home Value History (with trend line)
📊 How Does 16882 Compare?
| Metric | 16882 | Woodward | State College, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $295,215 | $295,215 | N/A | $278,018 |
| 5-Year CAGR | 3.5% | 3.5% | N/A | 6.3% |
| Avg Rent | $1,161 | $1,161 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 16882 (Woodward, PA). Anonymous, moderated, never written by AI.
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Property managers serving Centre County
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📊 Market Snapshot
| Home Value | $295,215 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (3.1%). 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 16882
Population: 460
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
How expensive is real estate in Woodward, PA?
Median home price in Woodward, PA is near $295K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Are renters plentiful in Woodward, PA?
Working renters make up the core of the Woodward, PA tenant base. The pool is reasonable for investors targeting long-term holds.
Is Woodward in PA worth investing in?
Investors tracking Woodward, PA will find a 3.0/5 rating supported by $295K median home values and $1,161/mo rents. That profile suits long-term holders targeting stable returns.
Can owner-occupants cash flow in Woodward, PA?
Woodward, PA is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $295K price point reasonable to enter.
Are eviction rules reasonable in Woodward, PA?
Woodward, PA falls under PA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 16882 now. You don’t know where it ranks.
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How 16882 ranks in State College, PA
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