Real Estate Investing in New Derry, Pennsylvania (15627)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15627 (New Derry, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.0% of homes vacant — above national norms.
- Declining values: -0.1% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Derry, PA (15627)?
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Market Analysis: 15627 New Derry
Investors eyeing 15627 need to respect the fundamentals at play. Home values of $165K come alongside slower price movement and elevated management overhead.
Rent of $918/mo on a $165K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 15627 sits below the stated 0.0% once reality is priced in.
Regionally, 15627 sits on the difficult end of the PA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 15627 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 15627 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in New Derry:
Property Strategy for 15627
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $142,991 | $1,020 | 5.1% | +3.7% | $71,496 |
| 3BR | $177,895 | $1,300 | 5.3% | +5.8% | $59,298 |
Market Trends
Home Value History (with trend line)
📊 How Does 15627 Compare?
| Metric | 15627 | New Derry | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $164,930 | $179,642 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $918 | $1,031 | N/A | - |
| Cap Rate | 4.3% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15627 (New Derry, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $164,930 |
| Monthly Rent | $918 |
| Price-to-Rent | 15.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.7% |
| Cap Rate | 4.3% |
| 5-Year IRR | 4.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | -0.3% ▼ |
| 5-Year CAGR | -0.1% ▼ |
| 10-Year CAGR | +2.1% ▲ |
🏠 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 (4.3%). 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 15627
Population: 5,956
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 15627
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 New Derry, PA landlord-friendly?
PA ranks as a landlord-friendly state for landlord-tenant law. New Derry generally follows the statewide framework, so landlords face reasonable operating rules.
Is New Derry, PA suited for a house hack?
The a challenging house-hack environment in New Derry, PA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How strong is tenant demand in New Derry, PA?
New Derry, PA draws a reliable base of working renters. Demand at the $918/mo rent level is reasonable for standard single-family and small multi rentals.
What do rentals go for in New Derry, PA?
Rental rates in New Derry, PA average $918/mo. Tenant demand and $165K home values make the yield look reasonable by investor standards.
Is housing expensive in New Derry, PA?
New Derry, PA home values average about $165K. That price point suits investors targeting rentals with $918/mo in monthly income.
You know 15627 now. You don’t know where it ranks.
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How 15627 ranks in Pittsburgh, PA
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