Real Estate Investing in Charleroi, Pennsylvania (15022)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15022 (Charleroi, PA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.1% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (0.2% CAGR).
- 1-year downturn: Values declined 6.0% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Charleroi, PA (15022)?
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Market Analysis: 15022 Charleroi
Within Washington County, the 15022 ZIP sits at a lower entry point around $89K. In practical terms, operators who can improve stock here typically see outsized uplift.
The a viable market for angle here is forced equity, not market equity. ZIP 15022 rewards investors who can execute on scope, timeline, and tenant turnover.
Across PA, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 15022 comes in at both traits clearly.
Residents in 15022 skew younger than the county average, and that matters for rehab positioning. Younger renters respond to finishes, appliances, and in-unit laundry in ways that move rent.
ZIP 15022 fits investors who can swing a hammer — or pay someone to swing one well. BRRRR, fix-and-flip, and fix-and-hold all work when the rehab scope is matched to the rent lift.
Here's what matters if you're considering buying a home in Charleroi:
Property Strategy for 15022
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $41,143 | $890 | 15.6% | +1.1% | $41,143 |
| 2BR | $68,745 | $1,070 | 11.2% | +4.0% | $34,372 |
| 3BR | $120,235 | $1,370 | 8.2% | +4.6% | $40,078 |
| 4BR | $132,518 | $1,470 | 8.0% | +3.1% | $33,130 |
Market Trends
Home Value History (with trend line)
📊 How Does 15022 Compare?
| Metric | 15022 | Charleroi | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $88,885 | $88,885 | N/A | $278,018 |
| 5-Year CAGR | 0.2% | 0.2% | N/A | 6.3% |
| Avg Rent | $963 | $963 | N/A | - |
| Cap Rate | 8.5% | 8.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15022 (Charleroi, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $88,885 |
| Monthly Rent | $963 |
| Price-to-Rent | 7.7:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.0% |
| Cap Rate | 8.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | -6.0% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +0.2% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.5%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 15022
Population: 10,044
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 15022
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,356 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Charleroi, PA meet the 1% rule for rental property?
With $963/mo rents against $89K home prices, Charleroi, PA produces a 1.08% ratio. That is reasonable proximity to the 1% threshold.
Does Charleroi, PA make sense for an investment property?
Investors tracking Charleroi, PA will find a 4.0/5 rating supported by $89K median home values and $963/mo rents. That profile suits long-term holders targeting steady returns.
Can I live-in-and-rent in Charleroi, PA?
House hacking in Charleroi, PA is reasonable to execute. Prices around $89K and rents of $963/mo solid owner-occupant economics.
Does the BRRRR strategy work in Charleroi, PA?
BRRRR viability in Charleroi, PA is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
What strategy should investors use in Charleroi, PA?
Charleroi, PA investors pursuing value-add and BRRRR deals. The underlying economics ($89K prices, $963/mo rents) make it a reasonable choice.
You know 15022 now. You don’t know where it ranks.
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How 15022 ranks in Pittsburgh, PA
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