Real Estate Investing in Monaca, Pennsylvania (15061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15061 (Monaca, PA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Monaca, PA (15061)?
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Market Analysis: 15061 Monaca
Not every below-median market is a bargain. Monaca's 15061 ZIP reports signals that favor experienced operators who can absorb the risk $221K pricing implies.
From an investor standpoint, the numbers look inviting — $221K purchase price, 0.0% nominal cap — the work to hit that pro forma in 15061 is substantial and deserves full respect.
From a cash-flow lens, 15061 offers a low basis, the region around Monaca has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A robust renter share of 32% in 15061 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 15061 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Monaca:
Property Strategy for 15061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $137,635 | $1,200 | 6.3% | +7.0% | $68,818 |
| 3BR | $204,648 | $1,530 | 5.4% | +6.4% | $68,216 |
| 4BR | $321,786 | $1,650 | 3.7% | +6.2% | $80,446 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15061 Compare?
| Metric | 15061 | Monaca | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $220,850 | $220,850 | N/A | $278,018 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.3% |
| Avg Rent | $1,703 | $1,703 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
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 15061 (Monaca, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $220,850 |
| Monthly Rent | $1,703 |
| Price-to-Rent | 10.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.0% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 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 (6.0%). 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 15061
Population: 12,523
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 15061
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 646 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Monaca, PA a good market for FHA house hackers?
The a challenging house-hack environment in Monaca, PA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What is the typical renter like in Monaca, PA?
Expect a solid tenant pool in Monaca, PA. The rental market absorbs $1,703/mo rents without meaningful friction.
How strict are landlord regulations in Monaca, PA?
PA ranks as a landlord-friendly state for landlord-tenant law. Monaca generally follows the statewide framework, so landlords face reasonable operating rules.
How much do tenants pay in Monaca, PA?
Average rent in Monaca, PA is approximately $1,703/mo per month. Against $221K home values that yields a reasonable rent-to-price ratio.
How do home values compare in Monaca, PA?
Monaca, PA home values average about $221K. That price point suits investors targeting rentals with $1,703/mo in monthly income.
You know 15061 now. You don’t know where it ranks.
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How 15061 ranks in Pittsburgh, PA
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