Zip 16121 (Farrell, PA) Housing

The housing in 16121 Farrell, PA is a great investment opportunity. The median value of homes in the area is $62,700, which is much lower than the US median value of $338,100. Even better, the 1 year house appreciation rate for 16121 Farrell, PA is 10.29%, significantly higher than the US average of 8.27%. Investing in real estate in this area provides an excellent opportunity for growth and appreciation over the long term.

The median home cost in Farrell (zip 16121) is $62,700. Home appreciation the last 10 years has been 57.9%. Home Appreciation in Farrell (zip 16121) is up 15.7%.

Average Age of Homes

- The median age of Farrell (zip 16121) real estate is 70 years old

The Rental Market in Farrell (zip 16121)

- Renters make up 26.6% of the Farrell (zip 16121) population
- 1.3% of houses and apartments in Farrell (zip 16121), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Farrell, Pennsylvania	United States
	2,276.0	139,647,020.0
	65	42
	$62,700	$338,100
	15.7%	16.6%
	43.6%	57.0%
	57.9%	101.1%
	$13.60	$10.98
	$1,250	$2,690
	49.2%	57.4%
	11.1%	11.2%
	39.7%	31.4%
Vacant Housing
	1.3%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.2%	0.4%
	0.0%	3.6%
	8.6%	4.1%
Value of Owner-Occupied Housing
	6.8%	2.6%
	20.5%	2.4%
	21.6%	2.8%
	20.5%	3.9%
	15.2%	4.5%
	7.9%	11.3%
	0.0%	13.0%
	5.3%	20.1%
	1.7%	13.6%
	0.0%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.8%	13.6%
	4.8%	13.6%
	2.2%	13.6%
	5.3%	13.2%
	15.6%	14.8%
	2.2%	13.6%
	24.9%	10.0%
	6.0%	4.7%
	28.2%	12.2%

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