Real Estate Investing in Johnstown, Pennsylvania (15909)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15909 (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: 15.6% of homes vacant — above national norms.
- Declining values: -4.6% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 19.8% 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 Johnstown, PA (15909)?
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Market Analysis: 15909 Johnstown
Homes in the 15909 ZIP trade near $87K, a discount that has historically rewarded investors willing to renovate. Rent comps near $909/mo support the pro forma.
The an appealing option for angle here is forced equity, not market equity. ZIP 15909 rewards investors who can execute on scope, timeline, and tenant turnover.
The a viable market for piece of regional context is that nearby ZIPs with newer stock and higher basis have priced out of the value-add game. 15909 has not.
The 15909 ZIP's demographic trend has been one of stability with upside — population of 4,850, steady renter share, and an incoming cohort that is willing to pay for improved units.
The durable opportunity in 15909 is buying the worst house on the block, fixing it, and renting it at the top of the local band. That is the strategy, repeated.
Here's what matters if you're considering buying a home in Johnstown:
Market Trends
Home Value History (with trend line)
📊 How Does 15909 Compare?
| Metric | 15909 | Johnstown | Johnstown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $87,347 | $49,995 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $909 | $898 | N/A | - |
| Cap Rate | 8.1% | 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 15909 (Johnstown, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $87,347 |
| Monthly Rent | $909 |
| Price-to-Rent | 8.0:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 12.5% |
| Cap Rate | 8.1% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | -19.8% ▼ |
| 3-Year CAGR | -9.7% ▼ |
| 5-Year CAGR | -4.6% ▼ |
| 10-Year CAGR | +0.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.1%) 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 15909
Population: 4,850
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 15909
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
Investor Insight: With 691 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Johnstown, PA a good place for real estate investing?
Johnstown, PA reflects an investability rating of 4.0/5, with median home values near $87K and average rents around $909/mo. That combination puts it in the substantial tier for investor interest.
Does a duplex house hack pencil in Johnstown, PA?
For house hackers, Johnstown, PA is an attractive. The $909/mo rent on a unit helps defray the mortgage on a $87K property.
Are rents high in Johnstown, PA?
Rents in Johnstown, PA run near $909/mo. Compared with median home prices of $87K that produces solid gross yields for typical rentals.
Is Johnstown, PA a viable BRRRR market?
BRRRR viability in Johnstown, PA is a strong. Disciplined acquisition and rehab can hit the 75% LTV refinance target at market comps.
Which real estate strategy fits Johnstown, PA?
The best-fit strategy in Johnstown, PA is value-add and BRRRR deals. That approach the rent and price profile of the market.
You know 15909 now. You don’t know where it ranks.
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How 15909 ranks in Johnstown, PA
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