Real Estate Investing in Ridgway, Pennsylvania (15853)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15853 (Ridgway, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.8% 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 Ridgway, PA (15853)?
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Market Analysis: 15853 Ridgway
ZIP 15853 in Ridgway, PA carries a resilient set of headwinds. Home values near $115K and rents of $873/mo sit inside a market where underwriting has to be tight.
The 15853 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 15853's metrics run below Elk County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A impressive renter share of 24% in 15853 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 15853, 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 Ridgway:
Property Strategy for 15853
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $86,214 | $970 | 8.1% | +2.8% | $43,107 |
| 3BR | $99,776 | $1,280 | 9.2% | +2.8% | $33,259 |
| 4BR | $102,893 | $1,290 | 9.0% | +1.3% | $25,723 |
Market Trends
Home Value History (with trend line)
📊 How Does 15853 Compare?
| Metric | 15853 | Ridgway | St. Marys, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $115,395 | $115,395 | N/A | $278,018 |
| 5-Year CAGR | 4.1% | 4.1% | N/A | 6.3% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 5.9% | 5.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15853 (Ridgway, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,395 |
| Monthly Rent | $873 |
| Price-to-Rent | 11.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.1% |
| Cap Rate | 5.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +18.9% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +4.1% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 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 (5.9%). 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 15853
Population: 6,330
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 15853
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.
Frequently Asked Questions
Which investment style suits Ridgway, PA?
Investors usually favor careful cash-flow rentals with hands-on management in Ridgway, PA. With home values at $115K and rents near $873/mo, other strategies can work but produce reliable rather than outsized returns.
Is real estate in Ridgway, PA a good investment right now?
Ridgway, PA rates 3.0/5 for investability. With median values at $115K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
How much should I expect to pay for a home in Ridgway, PA?
Typical homes in Ridgway, PA go for around $115K. The 5-year CAGR of 0.0% stable price movement.
Is Ridgway, PA landlord-friendly?
PA law landlord-friendly for landlords, and Ridgway inherits those rules. Investors should still review local ordinances for rental licensing.
Is vacancy a concern in Ridgway, PA?
Rental vacancy in Ridgway, PA is elevated. Investors should budget normal turnover but not chronic empty units.
You know 15853 now. You don’t know where it ranks.
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How 15853 ranks in St. Marys, PA
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