HousingHandbookReference data

U.S. ZIP Code · PA16731

McKean County

Typical home value

$111,147[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.4%
5-year / yr
-2.3%
10-year / yr
+0.6%

Relative price

vs U.S.
-60.9%
vs metro
vs state
-52.4%
ZIP 16731 location in PA
Location of ZIP 16731 in PA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 16731 is worth $111,147. Over the past year, values have fallen 3.4%. The effective property tax rate is 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.3%[3]
Typical annual tax
$1,445[3]

#Climate risk

FEMA National Risk Index ratings for McKean County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Relatively Low
Tornado
Very Low
Earthquake
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
2,407[3]
Median household income
$61,991[3]

#Migration

Household moves in and out of McKean County over a year, from IRS tax-return data.

Net migration
-93[5]
Moved in
601
Moved out
694

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
1
Middle
0
High
0
  • Otto-Eldred El Sch

    Elementary · Grades PK–6 · Otto-Eldred SD

    274 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$562
Loan principal$88,918
Down payment$22,229
Total interest paid$113,410

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$775
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 16731?
The typical home in 16731 is worth $111,147, based on the Zillow Home Value Index.
Are home values rising in 16731?
Home values in 16731 are down 3.4% over the past year, and down 2.3% a year over five years.
What is the property tax rate in 16731?
The effective property tax rate in 16731 is 1.3% — roughly $1,445 a year on a typical home.
Who lives in 16731?
ZIP code 16731 has a population of 2,407 and a median household income of $61,991.

Compare ZIPs

Pit ZIP 16731 against any other ZIP — full side-by-side table.

Compare 16731

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