Real Estate Investing in Mineral Point, Pennsylvania (15942)
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Should you buy in 15942 (Mineral Point, 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.
- Flat appreciation: Values have barely moved over 5 years (1.0% CAGR).
- 1-year downturn: Values declined 7.3% 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 Mineral Point, PA (15942)?
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Market Analysis: 15942 Mineral Point
Not every below-median market is a bargain. Mineral Point's 15942 ZIP comes in at signals that favor experienced operators who can absorb the risk $140K pricing implies.
The 15942 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 15942 sits on the difficult end of the PA spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 15942 ZIP's population of 2,134 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
The 15942 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 Mineral Point:
Market Trends
Home Value History (with trend line)
📊 How Does 15942 Compare?
| Metric | 15942 | Mineral Point | Johnstown, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $140,110 | $140,110 | N/A | $278,018 |
| 5-Year CAGR | 1.0% | 1.0% | N/A | 6.3% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 5.8% | 5.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 15942 (Mineral Point, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $140,110 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 11.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | -7.3% ▼ |
| 3-Year CAGR | -2.3% ▼ |
| 5-Year CAGR | +1.0% ▲ |
| 10-Year CAGR | +3.0% ▲ |
🏠 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 (5.8%). 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 15942
Population: 2,134
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
🎓 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 housing expensive in Mineral Point, PA?
Mineral Point, PA home values average about $140K. That price point suits investors targeting rentals with $1,035/mo in monthly income.
How strong is tenant demand in Mineral Point, PA?
Working renters make up the core of the Mineral Point, PA tenant base. The pool is reasonable for investors targeting long-term holds.
Does Mineral Point, PA make sense for an investment property?
With a 3.0/5 investability score, Mineral Point, PA ranks as a solid market for rental property investors. Median prices of $140K and rents of $1,035/mo drive the underlying numbers.
What approach is best for Mineral Point, PA real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Mineral Point, PA. The numbers - $140K homes against $1,035/mo rents - support that play.
Is Mineral Point, PA landlord-friendly?
PA law landlord-friendly for landlords, and Mineral Point inherits those rules. Investors should still review local ordinances for rental licensing.
You know 15942 now. You don’t know where it ranks.
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How 15942 ranks in Johnstown, PA
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