Real Estate Investing in Wilmerding, Pennsylvania (15148)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15148 (Wilmerding, 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: 25.8% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.3% CAGR).
- Higher unemployment: 8.8% unemployment — tenant risk signal.
- Lower household income: $39,295 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Wilmerding, PA (15148)?
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Market Analysis: 15148 Wilmerding
Within Allegheny County, the 15148 ZIP posts a lower entry point around $71K. On balance, operators who can improve stock here typically see outsized uplift.
Investors in 15148 do not buy the market average — they buy the unit they can improve. $71K median pricing and $1,008/mo comps define the envelope within which the work has to pay.
Across PA, value-add opportunity tends to concentrate where housing stock is older and entry prices are below the state median. ZIP 15148 clocks in at both traits clearly.
A renter-heavy, wage-earner demographic anchors 15148. Value-add players rely on that mix — the 59% share is both the tenant source and the buyer pool for future owner-occupied exits.
Strategic fit here is operational. Pro forma discipline, capex reserves, and lender relationships matter more than the marketing pitch.
Here's what matters if you're considering buying a home in Wilmerding:
Property Strategy for 15148
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $68,320 | $1,120 | 11.8% | +3.9% | $34,160 |
| 3BR | $68,947 | $1,430 | 14.9% | +5.7% | $22,982 |
| 4BR | $82,025 | $1,540 | 13.5% | +6.7% | $20,506 |
Market Trends
Home Value History (with trend line)
📊 How Does 15148 Compare?
| Metric | 15148 | Wilmerding | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $71,405 | $71,405 | N/A | $278,018 |
| 5-Year CAGR | 1.3% | 1.3% | N/A | 6.3% |
| Avg Rent | $1,008 | $1,008 | N/A | - |
| Cap Rate | 11.0% | 11.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15148 (Wilmerding, 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 | $71,405 |
| Monthly Rent | $1,008 |
| Price-to-Rent | 5.9:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 16.9% |
| Cap Rate | 11.0% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +1.3% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (11.0%) 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 15148
Population: 2,287
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 15148
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dr Cleveland Steward Jr El Sch
East Allegheny JSHS
Evergreen El Sch
Logan El Sch
Ramsey El Sch
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
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- 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
How does Wilmerding, PA stack up for property investment?
Yes - Wilmerding, PA a 4.0/5 investability score. With $71K home prices against $1,008/mo monthly rent, the market delivers a reasonable entry point for new investors.
How do experienced investors play Wilmerding, PA?
The best-fit strategy in Wilmerding, PA is value-add and BRRRR deals. That approach the rent and price profile of the market.
What do landlords charge for rent in Wilmerding, PA?
Expect rents around $1,008/mo per month in Wilmerding, PA. With home values at $71K, the yield math works out to reasonable levels for rental investors.
Does rental property in Wilmerding, PA pass the 1% rule?
The 1% rule is solid territory for Wilmerding, PA. Rent-to-price at the median is 1.41%, putting many properties within striking distance.
Does house hacking work in Wilmerding, PA?
House hacking in Wilmerding, PA is reasonable to execute. Prices around $71K and rents of $1,008/mo solid owner-occupant economics.
You know 15148 now. You don’t know where it ranks.
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How 15148 ranks in Pittsburgh, PA
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