Real Estate Investing in Johnstown, Pennsylvania (15901)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15901 (Johnstown, 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.
- High vacancy: 25.2% of homes vacant — above national norms.
- Declining values: -5.5% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 16.5% in the last year.
- Elevated poverty: 32.6% poverty rate — can affect rent collection.
What’s happening in Johnstown, PA (15901)?
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Market Analysis: 15901 Johnstown
Within Cambria County, the 15901 ZIP stands at a lower entry point around $32K. From a cash-flow lens, operators who can improve stock here typically see outsized uplift.
The an appealing option for angle here is forced equity, not market equity. ZIP 15901 rewards investors who can execute on scope, timeline, and tenant turnover.
In Cambria County, 15901 is part of the operational map, not the passive one. The spread between median price and renovated comp reflects the work available.
Household income in 15901 supports the rent-lift thesis. 3,466 residents, deep working-age cohort, and the kind of tenant profile that responds to upgraded stock.
The strategy in 15901 is forced equity, not market equity. Stepping back, entry prices are accommodating at $32K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Johnstown:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15901 Compare?
| Metric | 15901 | Johnstown | Johnstown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $32,370 | $49,995 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $675 | $898 | N/A | - |
| Cap Rate | 16.3% | 10.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15901 (Johnstown, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $32,370 |
| Monthly Rent | $675 |
| Price-to-Rent | 4.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 25.0% |
| Cap Rate | 16.3% |
| 5-Year IRR | 10.7% |
📈 Home Appreciation
| 1-Year | -16.5% ▼ |
| 3-Year CAGR | -7.0% ▼ |
| 5-Year CAGR | -5.5% ▼ |
| 10-Year CAGR | -2.1% ▼ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (16.3%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 15901
Population: 3,466
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 15901
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
Greater Johnstown MS
Greater Johnstown SHS
Greater Johnstown School District's Cyber Academy
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 691 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Johnstown, PA?
The typical rental in Johnstown, PA commands about $675/mo monthly. That rent profile steady cash flow against the $32K purchase basis.
What does house hacking look like in Johnstown, PA?
House hacking in Johnstown, PA is an attractive. With home values around $32K and rents at $675/mo, owner-occupants can offset a meaningful share of PITI.
Is Johnstown in PA worth investing in?
Yes - Johnstown, PA a 4.0/5 investability score. With $32K home prices against $675/mo monthly rent, the market delivers a reasonable entry point for new investors.
What price range are homes in Johnstown, PA?
Johnstown, PA home values average about $32K. That price point suits investors targeting rentals with $675/mo in monthly income.
Does the BRRRR strategy work in Johnstown, PA?
Yes - BRRRR is a strong in Johnstown, PA. The $32K home values and $675/mo rents anchor the refinance math.
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How 15901 ranks in Johnstown, PA
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