dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +13.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +65.6% YoY, is the number to watch.
The median listing price is up 13.4% YoY while the median home got down 9.1% bigger, so value per square foot is up 8.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: Studio (no price per sq ft reported).
At the median, a $169K purchase rents for $995/mo: 0.59% of price per month against the 1% rule's 1.00%.
Not shown: 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent).
Rentals here take about 9 days longer to find a tenant than sales take to go under contract (median across 4 property types).
Not shown: Apartment (rented here, not sold), Condo (rented here, not sold), Land (sold here, not rented).
Not shown: Manufactured, Townhouse, Multi-Family (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 16602 itself, not its parent county.
Renters hold 32.7% of this ZIP's 11,574 occupied households, on a median household income of $55K.
| Measure | ZIP 16602 | Blair County | Difference |
|---|---|---|---|
| Median Household Income | $55K | $62K | -$7K |
| Below Poverty Level | 14.5% | 12.0% | +2.5% |
| Median Age | 43.70 | 43.10 | +0.60 |
| Total Population | 26,352 | 121,277 | -- |
| Avg Household Size | 2.23 | 2.32 | -0.09 |
| Owner-Occupied | 67.3% | 72.4% | -5.0% |
| Worked From Home | 7.1% | 7.1% | 0.0% |
| Mean Commute | 17.70 | 20.50 | -2.80 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.5% to 121,277: residents under 18 are down 1.1% and those 65 and over are up 1.2%.
County median household income is $62K, 12.0% of residents are below the poverty level, 7.1% work from home.