Real Estate Investing in Hickory, Pennsylvania (15340)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15340 (Hickory, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hickory, PA (15340)?
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Market Analysis: 15340 Hickory
ZIP 15340 inside Washington County looks affordable on the surface — median value of $271K — but the discount exists for reasons that a careful buyer should understand before committing.
The 15340 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 15340's metrics run below Washington County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Put differently, 1,303 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.
Experienced landlords with local relationships tend to find 15340 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Hickory:
Property Strategy for 15340
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,177 | $1,170 | 4.5% | — | $92,588 |
| 3BR | $258,650 | $1,500 | 4.2% | +2.8% | $86,217 |
| 4BR | $330,437 | $1,610 | 3.5% | +3.1% | $82,609 |
Market Trends
Home Value History (with trend line)
📊 How Does 15340 Compare?
| Metric | 15340 | Hickory | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $270,513 | $270,513 | N/A | $278,018 |
| 5-Year CAGR | 2.6% | 2.6% | N/A | 6.3% |
| Avg Rent | $1,053 | $1,053 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
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 15340 (Hickory, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $270,513 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 5.6% |
📈 Home Appreciation
| 1-Year | +7.4% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 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 (3.0%). 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 15340
Population: 1,303
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Hickory, PA a good investment right now?
Hickory, PA scores 3.0/5 for investability. Home values sit at $271K and rents near $1,053/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Hickory, PA a friendly market for rental owners?
For rental operators, Hickory, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Which investment style suits Hickory, PA?
A careful cash-flow rentals with hands-on management strategy Hickory, PA best. The market produces even-keeled results for that approach at the $271K price point.
Should investors worry about vacancy in Hickory, PA?
Vacancy in Hickory, PA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,053/mo.
Are renters plentiful in Hickory, PA?
Hickory, PA draws a even-keeled base of working renters. Demand at the $1,053/mo rent level is reasonable for standard single-family and small multi rentals.
You know 15340 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15340 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 15340 ranks in Pittsburgh, PA
Every ZIP in this metro, ranked. Free.
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