Real Estate Investing in Tarrs, Pennsylvania (15688)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15688 (Tarrs, PA)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
• 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 Tarrs, PA (15688)?
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Market Analysis: 15688 Tarrs
The 15688 ZIP covers a section of Tarrs that demands careful diligence. Prices near $114K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 15688 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Turning to rents, 15688 offers a low basis, the region around Tarrs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 15688 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 15688 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Tarrs:
Market Trends
Home Value History (with trend line)
📊 How Does 15688 Compare?
| Metric | 15688 | Tarrs | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $114,172 | $114,172 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $1,026 | $1,026 | N/A | - |
| Cap Rate | 7.0% | 7.0% | - | - |
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 15688 (Tarrs, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $114,172 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 9.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.8% |
| Cap Rate | 7.0% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.0%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 15688
Population: 666
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 15688
Nearby Schools (2 more)
Schools in adjacent ZIP codes that may serve this area
Southmoreland SHS
Southmoreland Primary Center
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
Investor Insight: With 817 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Tarrs, PA?
Expect rents around $1,026/mo per month in Tarrs, PA. With home values at $114K, the yield math works out to reasonable levels for rental investors.
What is the typical renter like in Tarrs, PA?
Tenant quality in Tarrs, PA ranks as solid. Landlords generally report reliable occupancy at market rents of $1,026/mo.
Is Tarrs in PA worth investing in?
Investors tracking Tarrs, PA will find a 3.0/5 rating supported by $114K median home values and $1,026/mo rents. That profile suits long-term holders targeting measured returns.
Is house hacking profitable in Tarrs, PA?
House hacking works a challenging in Tarrs, PA. Rents of $1,026/mo against $114K acquisition make the strategy solid for owner-occupants.
How high is vacancy risk in Tarrs, PA?
Tarrs, PA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,026/mo.
You know 15688 now. You don’t know where it ranks.
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How 15688 ranks in Pittsburgh, PA
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