Real Estate Investing in Freeland, Pennsylvania (18224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 18224 (Freeland, PA)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- Elevated vacancy: 11.8% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Freeland, PA (18224)?
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Market Analysis: 18224 Freeland
ZIP 18224 in Freeland, PA carries a notable set of headwinds. Home values near $173K and rents of $1,224/mo sit inside a market where underwriting has to be tight.
The investment case in 18224 is sturdy only for operators who understand what they are buying. A $173K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader PA picture, 18224 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 18224 ZIP's population of 5,954 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategically, 18224 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 Freeland:
Market Trends
Home Value History (with trend line)
📊 How Does 18224 Compare?
| Metric | 18224 | Freeland | Scranton--Wilkes-Barre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $173,469 | $173,469 | N/A | $278,018 |
| 5-Year CAGR | 8.1% | 8.1% | N/A | 6.3% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 5.5% | 5.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18224 (Freeland, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $173,469 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 13.6% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +9.8% ▲ |
🏠 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 (5.5%). 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 18224
Population: 5,954
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 18224
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 2,464 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How qualified is the tenant pool in Freeland, PA?
Expect a solid tenant pool in Freeland, PA. The rental market absorbs $1,224/mo rents without meaningful friction.
How strong is Freeland, PA for real estate investors?
Freeland, PA rates 3.0/5 for investability. With median values at $173K and rents near $1,224/mo, the market offers reasonable fundamentals for rental investors.
How do home values compare in Freeland, PA?
Homes in Freeland, PA typically sell near $173K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How landlord-friendly is Freeland, PA?
Landlord-friendliness in Freeland, PA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Do rentals sit vacant long in Freeland, PA?
Expect elevated vacancy in Freeland, PA. Rents at $1,224/mo are absorbed by the tenant base without meaningful lag.
You know 18224 now. You don’t know where it ranks.
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How 18224 ranks in Scranton--Wilkes-Barre, PA
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