Market Snapshot
- Median listing price
- $118K
- Median rent
- $1,095/mo
- Days on market
- 282 days
- Gross rental yield
- 11.18%
- STR vs LTR
- $1,459/mo STR · $1,095/mo LTR
The median listing price in Farrell, PA ZIP 16121 is $117,500 as of June 2026.
The median market rent in Farrell, PA ZIP 16121 is $1,095/month as of June 2026.
The median days on market in Farrell, PA ZIP 16121 is 282 days as of June 2026. The market is currently neutral.
At a median list price of $117,500 and a median rent of $1,095/month, the gross rental yield in Farrell, PA ZIP 16121 is 11.18% as of June 2026.
In Farrell, PA ZIP 16121, median Airbnb revenue is $1,459/month compared to median long-term rent of $1,095/month as of June 2026.
Farrell, PA 16121 Real Estate Market Report
ZIP Code: 16121
Report Date: June 2026
Scope: This ZIP code has limited residential inventory. Metrics are based on all available residential property types, so treat conclusions as directional rather than precise.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Farrell, PA are averaging 6.65%, which is 0.40% higher than the 6.25% rates observed at the start of 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The market value anchor is the 69,000 median sold price, which indicates recent transaction-level pricing for SFR and condominium properties and should be used as the primary comparator when evaluating offers and appraisals.
- The 282 median days on market suggests slower sales velocity and pricing friction; sellers should expect longer time-to-contract and buyers may be able to use inspection/time leverage in negotiations. slower sales velocity
- Price momentum shows the market is up year-over-year, indicating appreciation pressure, while the market temperature is neutral, which suggests a balanced market where pricing moves are occurring but without strong directional imbalance. up neutral
- Rents and financing are both relevant constraints: the 1,095 median market rent is rising (rent year-over-year trend is up), while interest rates are under pressure—current average 30-year fixed rates are 6.65%, 0.40% higher than at the start of 2026—this combination may keep some buyer segments sidelined and favor cash or well-qualified buyers. up elevated
Notable Properties
The following 1 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.2% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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