Cranberry Twp is a budget-friendly market in the Northeast with a small but investable metro of 35,000. At a 5.46% estimated cap rate, this is a moderate market where rents of $1,450/mo lag behind home prices. With a median home price of $220,000 and steady population growth supports long-term rental demand, Cranberry Twp offers opportunities for investors who source deals carefully.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
Cranberry Twp's 0.7% rent-to-price ratio is well below the 1% rule. At median prices of $220,000, the $1,450/mo rent produces only $1,000/mo in NOI. Investors here need to target below-median properties or pursue value-add strategies to make the numbers work.
At current rates, a 20% down conventional loan ($44K at 7%) would result in approximately $-170/mo cash flow — negative at median prices. Larger down payments, seller financing, or buying 15–25% below median are strategies to turn the numbers positive.
The 12.6x gross rent multiplier and 4.2% vacancy rate position Cranberry Twp as a value-oriented market. With annual appreciation at 2.8%, total returns (cash flow + equity growth) run approximately 8.3% before financing leverage.
Pre-filled with Cranberry Twp medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Cranberry Twp.
Cranberry Twp, PA has a population of 35,000 and has been growing at 1.5% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $220,000 paired with median rents of $1,450/mo produces an estimated cap rate of 5.46%.
Property taxes at 1.32% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 4.2% is impressively low, indicating tight rental supply and strong tenant demand — favorable for landlords.
At a price-to-income ratio of 2.4x, homes cost about 2.4 times the local median income of $92,400. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.8% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Cranberry Twp presents moderate opportunities. Cap rates near 5.46% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.