Real Estate Investing in Carrolltown, Pennsylvania (15722)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15722 (Carrolltown, 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.
- Declining values: -7.6% 5-year CAGR — values have moved lower.
- Elevated vacancy: 10.0% vacancy may signal weakening demand.
- 1-year downturn: Values declined 16.0% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Carrolltown, PA (15722)?
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Market Analysis: 15722 Carrolltown
Turning to rents, ZIP 15722 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $99K median. It rewards specialists, not generalists.
The investment case in 15722 is durable only for operators who understand what they are buying. A $99K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within PA, ZIP 15722 trails on several market indicators that neighboring Cambria County submarkets outperform. The gap is real and resilient enough to shape underwriting.
From a cash-flow lens, 2,382 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Experienced landlords with local relationships tend to find 15722 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 Carrolltown:
Market Trends
Home Value History (with trend line)
📊 How Does 15722 Compare?
| Metric | 15722 | Carrolltown | Johnstown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $99,193 | $99,193 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 6.9% | 6.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15722 (Carrolltown, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $99,193 |
| Monthly Rent | $873 |
| Price-to-Rent | 9.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.6% |
| Cap Rate | 6.9% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -16.0% ▼ |
| 3-Year CAGR | -14.2% ▼ |
| 5-Year CAGR | -7.6% ▼ |
| 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 (6.9%). 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 15722
Population: 2,382
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 15722
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
How strong are rents in Carrolltown, PA?
Investors in Carrolltown, PA typically see rents near $873/mo per month against $99K home values - a solid setup for rental cash flow.
How much should I expect to pay for a home in Carrolltown, PA?
Expect median prices around $99K in Carrolltown, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
What are vacancy rates like in Carrolltown, PA?
Vacancy in Carrolltown, PA is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
Are eviction rules reasonable in Carrolltown, PA?
For rental operators, Carrolltown, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What type of investing works in Carrolltown, PA?
A careful cash-flow rentals with hands-on management strategy Carrolltown, PA best. The market produces reliable results for that approach at the $99K price point.
You know 15722 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15722 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 15722 ranks in Johnstown, PA
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