Real Estate Investing in Fairhope, Pennsylvania (15538)
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Should you buy in 15538 (Fairhope, 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.
- High vacancy: 45.7% of homes vacant — above national norms.
• 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 Fairhope, PA (15538)?
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Market Analysis: 15538 Fairhope
The 15538 ZIP covers a section of Fairhope that demands careful diligence. Prices near $182K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $182K purchase price, 0.0% nominal cap — the work to hit that pro forma in 15538 is substantial and deserves full respect.
Within PA, ZIP 15538 trails on several market indicators that neighboring Somerset County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
The demographic picture in 15538 includes headwinds that any investor should price in. Income distribution skews lower than Fairhope averages, and tenant stability requires active management.
Distressed ZIPs reward experience. healthy returns are possible in 15538, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Fairhope:
Market Trends
Home Value History (with trend line)
📊 How Does 15538 Compare?
| Metric | 15538 | Fairhope | Somerset, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $182,494 | $182,494 | N/A | $278,018 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15538 (Fairhope, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $182,494 |
| Monthly Rent | $873 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +9.7% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (3.7%). 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 15538
Population: 751
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
What kind of market is Fairhope, PA for investors?
Investors tracking Fairhope, PA will find a 3.0/5 rating supported by $182K median home values and $873/mo rents. That profile suits long-term holders targeting consistent returns.
Do rentals sit vacant long in Fairhope, PA?
Rental vacancy in Fairhope, PA is elevated. Investors should budget normal turnover but not chronic empty units.
Is Fairhope, PA landlord-friendly?
PA law landlord-friendly for landlords, and Fairhope inherits those rules. Investors should still review local ordinances for rental licensing.
What does house hacking look like in Fairhope, PA?
The a challenging house-hack environment in Fairhope, PA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How much do tenants pay in Fairhope, PA?
Rent in Fairhope, PA is around $873/mo. The resulting rent-to-value relationship with $182K pricing is reasonable for most investor models.
You know 15538 now. You don’t know where it ranks.
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How 15538 ranks in Somerset, PA
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