Real Estate Investing in New Florence, Pennsylvania (15944)
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Should you buy in 15944 (New Florence, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 20.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in New Florence, PA (15944)?
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Market Analysis: 15944 New Florence
The 15944 ZIP covers a section of New Florence that demands careful diligence. Prices near $153K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $153K asset, 15944 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 15944's metrics run below Westmoreland County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 15944 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. substantial returns are possible in 15944, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in New Florence:
Property Strategy for 15944
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $120,450 | $1,040 | 6.2% | +4.1% | $60,225 |
| 3BR | $175,777 | $1,350 | 5.5% | +5.5% | $58,592 |
Market Trends
Home Value History (with trend line)
📊 How Does 15944 Compare?
| Metric | 15944 | New Florence | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $152,505 | $152,505 | N/A | $278,018 |
| 5-Year CAGR | 1.9% | 1.9% | N/A | 6.3% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 4.8% | 4.8% | - | - |
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 15944 (New Florence, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,505 |
| Monthly Rent | $936 |
| Price-to-Rent | 13.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.4% |
| Cap Rate | 4.8% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +1.9% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (4.8%). 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 15944
Population: 3,198
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 15944
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
How should investors approach New Florence, PA?
Most investors in New Florence, PA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the rental occupancy rate in New Florence, PA?
Occupancy in New Florence, PA runs measured with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
Are tenants stable in New Florence, PA?
New Florence, PA draws a steady base of working renters. Demand at the $936/mo rent level is reasonable for standard single-family and small multi rentals.
How expensive is real estate in New Florence, PA?
Median home price in New Florence, PA is near $153K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
How strong are rents in New Florence, PA?
The typical rental in New Florence, PA commands about $936/mo monthly. That rent profile stable cash flow against the $153K purchase basis.
You know 15944 now. You don’t know where it ranks.
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How 15944 ranks in Pittsburgh, PA
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