Real Estate Investing in Garrett, Pennsylvania (15542)
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Should you buy in 15542 (Garrett, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 15.8% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Garrett, PA (15542)?
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Market Analysis: 15542 Garrett
From an investor standpoint, ZIP 15542 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $160K median. It rewards specialists, not generalists.
Rent of $1,134/mo on a $160K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 15542 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Garrett have seen price recovery that 15542 has not matched. Somerset County data supports the view that the spread is structural rather than temporary.
The 15542 ZIP's population of 1,096 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Experienced landlords with local relationships tend to find 15542 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 Garrett:
Market Trends
Home Value History (with trend line)
📊 How Does 15542 Compare?
| Metric | 15542 | Garrett | Somerset, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $159,559 | $159,559 | N/A | $278,018 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 6.3% |
| Avg Rent | $1,134 | $1,134 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15542 (Garrett, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $159,559 |
| Monthly Rent | $1,134 |
| Price-to-Rent | 11.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 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 (5.5%). 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 15542
Population: 1,096
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
How do home values compare in Garrett, PA?
In Garrett, PA the median home value sits at $160K. Against the broader PA market, that reads as reasonable for most investors.
How strong is tenant demand in Garrett, PA?
Garrett, PA draws a consistent base of working renters. Demand at the $1,134/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Garrett, PA?
With a 3.0/5 investability score, Garrett, PA ranks as a solid market for rental property investors. Median prices of $160K and rents of $1,134/mo drive the underlying numbers.
Which real estate strategy fits Garrett, PA?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Garrett, PA. The numbers - $160K homes against $1,134/mo rents - support that play.
What is it like being a landlord in Garrett, PA?
PA law landlord-friendly for landlords, and Garrett inherits those rules. Investors should still review local ordinances for rental licensing.
You know 15542 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15542 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 15542 ranks in Somerset, PA
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