Real Estate Investing in Somerset, Pennsylvania (15502)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15502 (Somerset, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 93.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.2 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Somerset, PA (15502)?
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Market Analysis: 15502 Somerset
Not every below-median market is a bargain. Somerset's 15502 ZIP sits at signals that favor experienced operators who can absorb the risk $305K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $305K asset, 15502 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 15502 among PA's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 15502 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Somerset:
Market Trends
Home Value History (with trend line)
📊 How Does 15502 Compare?
| Metric | 15502 | Somerset | Somerset, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $305,425 | $167,778 | N/A | $278,018 |
| 5-Year CAGR | 5.0% | 5.3% | N/A | 6.3% |
| Avg Rent | $873 | $743 | N/A | - |
| Cap Rate | 2.2% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15502 (Somerset, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,425 |
| Monthly Rent | $873 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.2%). 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 15502
Population: 86
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
Are eviction rules reasonable in Somerset, PA?
Rental owners in Somerset, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What kind of tenants rent in Somerset, PA?
The renter base in Somerset, PA is reasonable for the $873/mo price point. Screening well and pricing to market typically yields steady tenants.
What is the average home sale price in Somerset, PA?
Somerset, PA home values average about $305K. That price point suits investors targeting rentals with $873/mo in monthly income.
How do experienced investors play Somerset, PA?
Somerset, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($305K prices, $873/mo rents) make it a reasonable choice.
Where do rents currently stand in Somerset, PA?
Rent in Somerset, PA is around $873/mo. The resulting rent-to-value relationship with $305K pricing is reasonable for most investor models.
You know 15502 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15502 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 15502 ranks in Somerset, PA
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