Real Estate Investing in Lilly, Pennsylvania (15938)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15938 (Lilly, 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: -6.8% 5-year CAGR — values have moved lower.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
- 1-year downturn: Values declined 13.7% 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 Lilly, PA (15938)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15938 Lilly
This part of Cambria County is not an easy win. The 15938 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 15938 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 15938's metrics run below Cambria County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 15938 includes headwinds that any investor should price in. Income distribution skews lower than Lilly averages, and tenant stability requires active management.
The right play in 15938 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lilly:
Market Trends
Home Value History (with trend line)
📊 How Does 15938 Compare?
| Metric | 15938 | Lilly | Johnstown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $123,621 | $123,621 | N/A | $278,018 |
| 5-Year CAGR | N/A | N/A | N/A | 6.3% |
| Avg Rent | $945 | $945 | N/A | - |
| Cap Rate | 6.0% | 6.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15938 (Lilly, PA). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 15938 (Lilly, PA)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $123,621 |
| Monthly Rent | $945 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -13.7% ▼ |
| 3-Year CAGR | -12.2% ▼ |
| 5-Year CAGR | -6.8% ▼ |
| 10-Year CAGR | -1.0% ▼ |
🏠 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 (6.0%). 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 15938
Population: 2,307
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 15938
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
What is the tenant pool like in Lilly, PA?
The tenant pool in Lilly, PA is solid, supported by local employment and population fundamentals. Rents of $945/mo are well-absorbed by the market.
What strategy should investors use in Lilly, PA?
A careful cash-flow rentals with hands-on management strategy Lilly, PA best. The market produces predictable results for that approach at the $124K price point.
How much should I expect to pay for a home in Lilly, PA?
Typical homes in Lilly, PA go for around $124K. The 5-year CAGR of 0.0% stable price movement.
What does house hacking look like in Lilly, PA?
For house hackers, Lilly, PA is a challenging. The $945/mo rent on a unit helps defray the mortgage on a $124K property.
What is the rental occupancy rate in Lilly, PA?
Lilly, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
You know 15938 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15938 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 15938 ranks in Johnstown, PA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 15938 (Lilly)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 15938 (Lilly, PA).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.