Real Estate Investing in Johnstown, Pennsylvania (15904)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15904 (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.
- Declining values: -4.6% 5-year CAGR — values have moved lower.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
- 1-year downturn: Values declined 7.1% in the last year.
What’s happening in Johnstown, PA (15904)?
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Market Analysis: 15904 Johnstown
Not every below-median market is a bargain. Johnstown's 15904 ZIP clocks in at signals that favor experienced operators who can absorb the risk $157K pricing implies.
The 15904 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader PA picture, 15904 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 15904 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 15904 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
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 15904 Compare?
| Metric | 15904 | Johnstown | Johnstown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $157,470 | $49,995 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $1,098 | $898 | N/A | - |
| Cap Rate | 5.4% | 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 15904 (Johnstown, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $157,470 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 12.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.4% |
| Cap Rate | 5.4% |
| 5-Year IRR | 0.8% |
📈 Home Appreciation
| 1-Year | -7.1% ▼ |
| 3-Year CAGR | -8.1% ▼ |
| 5-Year CAGR | -4.6% ▼ |
| 10-Year CAGR | 0.0% ▼ |
🏠 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 (5.4%). 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 15904
Population: 16,283
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 15904
Schools in This ZIP Code
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
Which real estate strategy fits Johnstown, PA?
In Johnstown, PA the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $157K prices and $1,098/mo rents suits that approach.
How strong is Johnstown, PA for real estate investors?
Johnstown, PA registers an investability rating of 3.0/5, with median home values near $157K and average rents around $1,098/mo. That combination puts it in the notable tier for investor interest.
Are homes affordable in Johnstown, PA?
Homes in Johnstown, PA typically sell near $157K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
Is Johnstown, PA suited for a house hack?
Johnstown, PA offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,098/mo rent level.
How strong is the working-renter base in Johnstown, PA?
Working renters make up the core of the Johnstown, PA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 15904 now. You don’t know where it ranks.
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How 15904 ranks in Johnstown, PA
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