Real Estate Investing in Washington, Pennsylvania (15301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15301 (Washington, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.3% vacancy may signal weakening demand.
What’s happening in Washington, PA (15301)?
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Market Analysis: 15301 Washington
This part of Washington County is not an easy win. The 15301 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $984/mo on a $241K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 15301 sits below the stated 0.0% once reality is priced in.
Within PA, ZIP 15301 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Employment concentration in 15301 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Washington's stable or hybrid ZIPs before stepping into 15301. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Washington:
Property Strategy for 15301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $84,867 | $990 | 8.4% | +3.3% | $84,867 |
| 2BR | $147,315 | $1,200 | 5.9% | +5.3% | $73,658 |
| 3BR | $245,414 | $1,530 | 4.5% | +4.7% | $81,805 |
| 4BR | $363,337 | $1,650 | 3.3% | +4.9% | $90,834 |
| 5BR | $372,822 | — | — | +4.7% | $74,564 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15301 Compare?
| Metric | 15301 | Washington | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $240,534 | $240,534 | N/A | $278,018 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 6.3% |
| Avg Rent | $984 | $984 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15301 (Washington, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $240,534 |
| Monthly Rent | $984 |
| Price-to-Rent | 20.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | -6.7% ▼ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 15301
Population: 50,180
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 15301
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
Frequently Asked Questions
Is Washington, PA a smart market for rental property?
With a 3.0/5 investability score, Washington, PA ranks as a solid market for rental property investors. Median prices of $241K and rents of $984/mo drive the underlying numbers.
What is the rental occupancy rate in Washington, PA?
Occupancy in Washington, PA runs predictable with elevated vacancy. Well-priced units at $984/mo lease on reasonable timelines.
What monthly rent should investors expect in Washington, PA?
Rental rates in Washington, PA average $984/mo. Tenant demand and $241K home values make the yield look reasonable by investor standards.
What is the median home value in Washington, PA?
Expect median prices around $241K in Washington, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
How strong is tenant demand in Washington, PA?
Working renters make up the core of the Washington, PA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 15301 now. You don’t know where it ranks.
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How 15301 ranks in Pittsburgh, PA
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