Real Estate Investing in Monessen, Pennsylvania (15062)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15062 (Monessen, 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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 22.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Monessen, PA (15062)?
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Market Analysis: 15062 Monessen
Within Westmoreland County, the 15062 ZIP comes in at a lower entry point around $87K. Turning to rents, operators who can improve stock here typically see outsized uplift.
ZIP 15062 favors investors with a contractor on speed dial. Put differently, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $990/mo average.
Across PA, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 15062 clocks in at both traits clearly.
Household income in 15062 supports the rent-lift thesis. 6,825 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
BRRRR is the most natural fit. Buy under $87K, rehab, refinance, and the capital recycles in a way turnkey markets cannot replicate.
Here's what matters if you're considering buying a home in Monessen:
Property Strategy for 15062
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $82,923 | $1,100 | 9.6% | +9.9% | $41,462 |
| 3BR | $128,696 | $1,410 | 7.9% | +10.2% | $42,899 |
| 4BR | $125,977 | $1,510 | 8.6% | +9.5% | $31,494 |
Market Trends
Home Value History (with trend line)
📊 How Does 15062 Compare?
| Metric | 15062 | Monessen | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $86,960 | $86,960 | N/A | $278,018 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 6.3% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 8.9% | 8.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15062 (Monessen, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $86,960 |
| Monthly Rent | $990 |
| Price-to-Rent | 7.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.7% |
| Cap Rate | 8.9% |
| 5-Year IRR | 16.8% |
📈 Home Appreciation
| 1-Year | +9.8% ▲ |
| 3-Year CAGR | +9.1% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.9%) 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 15062
Population: 6,825
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 15062
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 1,399 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What approach is best for Monessen, PA real estate?
In Monessen, PA the resilient play is typically value-add and BRRRR deals. The combination of $87K prices and $990/mo rents suits that approach.
How much does a house cost in Monessen, PA?
Monessen, PA median home values land near $87K. That is reasonable territory for investors looking at $990/mo-per-month rentals.
Can I house hack in Monessen, PA?
For house hackers, Monessen, PA is an attractive. The $990/mo rent on a unit helps defray the mortgage on a $87K property.
Is the 1% rule achievable in Monessen, PA?
With rents of $990/mo on $87K homes, Monessen, PA close to the 1% rule for most properties. The actual rent-to-price ratio is 1.14%.
Are rents high in Monessen, PA?
Investors in Monessen, PA typically see rents near $990/mo per month against $87K home values - a solid setup for rental cash flow.
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How 15062 ranks in Pittsburgh, PA
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