Real Estate Investing in Johnstown, Pennsylvania

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

10 ZIP codes • Population: 65,568 • Cambria County

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Should you buy in Johnstown, PA? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (57/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
STRONG
3.7 / 5 (81/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 15.9% of homes vacant — above national norms.
  • Declining values: -2.9% 5-year CAGR — values have moved lower.
  • 1-year downturn: Values declined 12.3% in the last year.

What’s happening in Johnstown, PA?

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3.7/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $49,995
Avg Monthly Rent $898
ZIP Codes 10

Investing in Johnstown Real Estate

Johnstown is one of Pennsylvania's repositioning markets — 10 ZIPs, a sizable population, and median values of $50K that mask wide dispersion block to block.

Johnstown is a forced-appreciation market. The thesis isn't that prices rise on their own — it's that an investor with capex and a contractor can create value the broader market will pay for.

Velocity in Johnstown is bifurcated. Looking more closely, clean, updated product moves fast at full price; tired product sits longer and trades at real discounts — the raw material for repositioning plays.

The 0% renter share in Johnstown includes a meaningful segment willing to pay up for renovated product — which is the demand signal that makes repositioning work.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Johnstown, PA

Johnstown is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable → 1% Rule →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Johnstown, PA. Anonymous, moderated, never written by AI.

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Avg Home Value
$49,995
Avg Monthly Rent
$898
1% Rule
✓ Passes
Landlord Friendly (PA)

📉 Market Crash Risk Index

Based on Johnstown, PA metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
46%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Johnstown, PA metro
0
Days to pending
7.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Johnstown

5 Colleges 4,568 Students 691 Off-Campus Renters
B
Commonwealth Technical Institute
2-Year Private · 132 students
C+
University of Pittsburgh-Johnstown
4-Year Public · 1,940 students
📍 ~118 students rent off-campus
C+
Greater Johnstown Career and Technology Center
Vocational Public · 102 students
C
Pennsylvania Highlands Community College
2-Year Public · 2,286 students
📍 ~484 students rent off-campus
C
DLP Conemaugh Memorial Medical Center
2-Year For-Profit · 108 students

Investor Insight: With 691 students living off-campus, Johnstown has substantial rental demand from the college population — typically stable, lease-renewing tenants.

Neighborhoods in Johnstown

ZIP Codes in Johnstown, PA

Screen every ZIP in Johnstown

Filter Johnstown’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Johnstown, PA

How much do tenants pay in Johnstown, PA?

Investors in Johnstown, PA typically see rents near $898/mo per month against $50K home values - a solid setup for rental cash flow.

Does BRRRR pencil out in Johnstown, PA?

BRRRR in Johnstown, PA is a strong. The interplay of $50K values and $898/mo rents creates reasonable refinance conditions.

Is Johnstown, PA better for rentals, flips, or BRRRR?

The best-fit strategy in Johnstown, PA is value-add and BRRRR deals. That approach the rent and price profile of the market.

Can you find 1% rule deals in Johnstown, PA?

Johnstown, PA delivers a rent-to-price ratio on average. Investors targeting the 1% rule will find solid opportunities.

How does Johnstown, PA rate as a rental market?

Investors tracking Johnstown, PA will find a 3.7/5 rating supported by $50K median home values and $898/mo rents. That profile suits long-term holders targeting predictable returns.

Community Ratings

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