Real Estate Investing in Carnegie, Pennsylvania (15106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15106 (Carnegie, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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.
What’s happening in Carnegie, PA (15106)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15106 Carnegie
This part of Allegheny County is not an easy win. The 15106 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,266/mo on a $217K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 15106 sits below the stated 0.0% once reality is priced in.
Within PA, ZIP 15106 trails on several market indicators that neighboring Allegheny County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Meanwhile, 19,165 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 15106 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 Carnegie:
Property Strategy for 15106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $113,781 | $1,010 | 6.4% | +6.8% | $113,781 |
| 2BR | $154,816 | $1,220 | 5.7% | +6.4% | $77,408 |
| 3BR | $227,411 | $1,560 | 4.9% | +6.0% | $75,804 |
| 4BR | $359,700 | $1,680 | 3.4% | +5.7% | $89,925 |
| 5BR | $341,737 | — | — | +6.2% | $68,347 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15106 Compare?
| Metric | 15106 | Carnegie | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $217,019 | $217,019 | N/A | $278,018 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 6.3% |
| Avg Rent | $1,266 | $1,266 | N/A | - |
| Cap Rate | 4.6% | 4.6% | - | - |
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 15106 (Carnegie, PA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 15106 (Carnegie, PA)?
~25 seconds · no account needed · your report is anonymous
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 | $217,019 |
| Monthly Rent | $1,266 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | +17.1% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 15106
Population: 19,165
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 15106
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Crafton El Sch
Pittsburgh Westwood K-5
Propel CS-Montour
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 4,504 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Carnegie, PA a smart market for rental property?
Our data puts Carnegie, PA at 3.0/5 for investability. Home prices of $217K and rents around $1,266/mo create a solid backdrop for investor activity.
How much is rent in Carnegie, PA?
The typical rental in Carnegie, PA commands about $1,266/mo monthly. That rent profile measured cash flow against the $217K purchase basis.
What is the best play in Carnegie, PA?
A careful cash-flow rentals with hands-on management strategy Carnegie, PA best. The market produces consistent results for that approach at the $217K price point.
How viable is house hacking in Carnegie, PA?
House hacking works a challenging in Carnegie, PA. Rents of $1,266/mo against $217K acquisition make the strategy solid for owner-occupants.
How quickly do rentals get leased in Carnegie, PA?
Occupancy in Carnegie, PA runs stable with elevated vacancy. Well-priced units at $1,266/mo lease on reasonable timelines.
You know 15106 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15106 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 15106 ranks in Pittsburgh, PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 15106 (Carnegie)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 15106 (Carnegie, PA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.