Real Estate Investing in Elizabeth, Pennsylvania (15037)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15037 (Elizabeth, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elizabeth, PA (15037)?
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Market Analysis: 15037 Elizabeth
This part of Allegheny County is not an easy win. The 15037 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
From a cash-flow lens, the numbers look inviting — $194K purchase price, 0.0% nominal cap — the work to hit that pro forma in 15037 is substantial and deserves full respect.
ZIP 15037's metrics run below Allegheny County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 15037 includes headwinds that any investor should price in. Income distribution skews lower than Elizabeth averages, and tenant stability requires active management.
The right play in 15037 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Elizabeth:
Property Strategy for 15037
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $130,440 | $1,130 | 6.2% | +6.5% | $65,220 |
| 3BR | $191,878 | $1,440 | 5.4% | +6.0% | $63,959 |
| 4BR | $292,479 | $1,560 | 3.8% | +6.2% | $73,120 |
Market Trends
Home Value History (with trend line)
📊 How Does 15037 Compare?
| Metric | 15037 | Elizabeth | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $193,606 | $193,606 | N/A | $278,018 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 6.3% |
| Avg Rent | $1,017 | $1,017 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15037 (Elizabeth, PA). Anonymous, moderated, never written by AI.
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Property managers serving Allegheny County
Manage rentals here? List your business →Real Property Management Keystone offers property management services in Pittsburgh, PA and surrounding areas. summary from their website
Real Property Management Pittsburgh is a property management company in Pittsburgh, PA. summary from their website
Real Property Management Three Rivers is a property management company in Pittsburgh, PA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $193,606 |
| Monthly Rent | $1,017 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 15037
Population: 10,412
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 15037
Schools in This ZIP Code
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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
Frequently Asked Questions
Where do home prices stand in Elizabeth, PA?
Homes in Elizabeth, PA typically sell near $194K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What is the typical renter like in Elizabeth, PA?
Expect a solid tenant pool in Elizabeth, PA. The rental market absorbs $1,017/mo rents without meaningful friction.
Is Elizabeth, PA suited for a house hack?
Elizabeth, PA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,017/mo rent level.
Are rents high in Elizabeth, PA?
Investors in Elizabeth, PA typically see rents near $1,017/mo per month against $194K home values - a solid setup for rental cash flow.
How strict are landlord regulations in Elizabeth, PA?
PA ranks as a landlord-friendly state for landlord-tenant law. Elizabeth generally follows the statewide framework, so landlords face reasonable operating rules.
You know 15037 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15037 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 15037 ranks in Pittsburgh, PA
Every ZIP in this metro, ranked. Free.
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