Real Estate Investing in Hermitage, Pennsylvania (16148)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 16148 (Hermitage, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hermitage, PA (16148)?
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Market Analysis: 16148 Hermitage
The 16148 ZIP covers a section of Hermitage that demands careful diligence. Prices near $218K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 16148 can be a a viable market for hunting ground — but the discount at $218K reflects genuine risk that outside investors often underestimate.
On the rental side, 16148 offers a low basis, the region around Hermitage has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 16148 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 16148 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Hermitage:
Property Strategy for 16148
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $174,090 | $1,060 | 4.4% | +9.0% | $87,045 |
| 3BR | $216,150 | $1,470 | 4.9% | +8.1% | $72,050 |
| 4BR | $355,762 | $1,640 | 3.3% | +8.0% | $88,941 |
Market Trends
Home Value History (with trend line)
📊 How Does 16148 Compare?
| Metric | 16148 | Hermitage | Pennsylvania |
|---|---|---|---|
| Home Value | $217,894 | $217,894 | $278,018 |
| 5-Year CAGR | 3.5% | 3.5% | 6.3% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 3.4% | 3.4% | - |
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 16148 (Hermitage, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,894 |
| Monthly Rent | $954 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.5% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (3.4%). 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 16148
Population: 16,563
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 16148
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 1,856 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Hermitage, PA?
Hermitage, PA home values average about $218K. That price point suits investors targeting rentals with $954/mo in monthly income.
Is rental property easy to operate in Hermitage, PA?
For rental operators, Hermitage, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What real estate strategy is ideal for Hermitage, PA?
Investors usually favor careful cash-flow rentals with hands-on management in Hermitage, PA. With home values at $218K and rents near $954/mo, other strategies can work but produce predictable rather than outsized returns.
Is Hermitage in PA worth investing in?
The 3.0/5 investability rating in Hermitage, PA reflects its $218K prices and $954/mo rents. Investors generally consider it a solid option within PA.
What is the renter demographic in Hermitage, PA?
The tenant pool in Hermitage, PA is solid, supported by local employment and population fundamentals. Rents of $954/mo are well-absorbed by the market.
You know 16148 now. You don’t know where it ranks.
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How 16148 ranks in Youngstown-Warren-Boardman, OH-PA
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