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MarketsPennsylvaniaMeadvilleRental Property Investment Guide

Rental Property Investment Guide: Meadville, PA

Updated 2026 · Based on median market data for Meadville, PA

Cap Rate
3.02%
Median Price
$165K
Rent/Mo
$760
1% Rule
0.46%
Fails

Market Snapshot

Meadville sits in the Northeast with a population of 50,000 growing at 0.2% annually. The median home costs $165,000 while rents average $760/mo, producing an estimated cap rate of 3.02%. Cash flow investing here requires creative strategies like BRRRR or value-add approaches.

Who Should Invest Here

Meadville works best for experienced investors with a clear strategy — Section 8, student housing, or deep value-add rehabs. The 3.02% cap rate at median prices is tight, so success depends on buying below market, forcing appreciation through renovation, or accessing above-market rent streams through niche tenant bases.

Deal Criteria for Meadville

Target properties priced 15-25% below the $165,000 median — around $132,000 or less. At this price point with $760/mo rents, your cap rate improves to roughly 4.3%. Factor in 1.38% property taxes ($2,277/yr), budget 5% of gross rent for maintenance, and underwrite to a 6% vacancy rate. On a 20% down conventional loan at 7%, monthly PITI will run approximately $1,168.

Risks and Considerations

Every deal should be evaluated individually using our calculator tools. Median data provides a starting point; actual returns depend on the specific property, financing, and your management approach.

Next Steps

Run the numbers on a specific Meadville property using our cap rate calculator (pre-filled with Meadville data). Compare Meadville against similar markets in the Northeast region. If you're considering a value-add approach, try our BRRRR calculator to model a rehab scenario.

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How Meadville Compares

Meadville vs Pennsylvania state average and national average across key investment metrics. Meadville's cap rate is below both benchmarks — deal sourcing is critical here.

Metric
Meadville
Pennsylvania Avg
National Avg
Cap Rate
3.02%
3.81%
3.81%
Median Price
$165K
$244K
$333K
Median Rent
$760
$1,250
$1,524
Property Tax
1.38%
1.38%
1.08%
Vacancy
6%
6%
5.6%
Pop. Growth
0.2%/yr
0.2%/yr
0.9%/yr

Nearby Northeast Markets

City
Cap Rate
Price
Rent
Tax
Meadville, PA
3.0%
$165K
$760
1.38%
Jamestown, NY
3.8%
$165K
$930
1.71%
Sunbury, PA
4.1%
$165K
$920
1.38%
Altoona, PA
4.2%
$170K
$960
1.38%
Corning, NY
6.5%
$160K
$1,280
1.71%

Frequently Asked Questions

Is Meadville, PA a good place to invest in rental property?
Meadville has an estimated cap rate of 3.02%, which is below the national average of 3.81%. With median home prices at $165K and rents of $760/mo, pure cash flow investing in Meadville is challenging at median prices, but value-add strategies can work. Population growth of 0.2% and 6% vacancy rate suggest moderate rental demand.
What is the average cap rate in Meadville?
The estimated cap rate for Meadville is 3.02%, based on median home prices of $165K, median rents of $760/mo, a 1.38% property tax rate, and 6% vacancy. This compares to a 3.81% average across Pennsylvania and 3.81% nationally. Cap rates for individual properties will vary based on purchase price, actual rents, and property condition.
How much does a rental property cost in Meadville?
The median home price in Meadville is $165,000, which is 51% below the national average of $333,419. A 20% down payment would be approximately $33,000. Investment properties in Meadville range significantly — targeting properties 15-25% below median can improve your cap rate substantially.
What are Meadville property taxes for investors?
Meadville's effective property tax rate is 1.38%, which is above the Pennsylvania average of 1.38% and above the national average of 1.08%. On a $165K property, annual taxes are approximately $2,277 ($190/mo). Property taxes are moderate and manageable.
Full Meadville Analysis →Cap Rate CalculatorBRRRR Calculator

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Rent AnalysisProperty Tax GuideCost of Living & AffordabilityAppreciation & Growth ForecastNeighborhood Investment Guide

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