Real Estate Investing in Carbondale, Pennsylvania (18407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 18407 (Carbondale, 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: 12.7% of homes vacant — above national norms.
- 1-year downturn: Values declined 3.0% in the last year.
What’s happening in Carbondale, PA (18407)?
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Market Analysis: 18407 Carbondale
Not every below-median market is a bargain. Carbondale's 18407 ZIP posts signals that favor experienced operators who can absorb the risk $175K pricing implies.
Rent of $1,201/mo on a $175K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 18407 sits below the stated 0.0% once reality is priced in.
In the broader PA picture, 18407 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 18407 ZIP's population of 14,664 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
The 18407 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 Carbondale:
Property Strategy for 18407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $144,579 | $1,140 | 5.7% | +11.8% | $72,290 |
| 3BR | $178,410 | $1,480 | 6.0% | +9.8% | $59,470 |
| 4BR | $193,879 | $1,600 | 5.9% | +8.9% | $48,470 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 18407 Compare?
| Metric | 18407 | Carbondale | Scranton--Wilkes-Barre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $175,061 | $175,061 | N/A | $278,018 |
| 5-Year CAGR | 4.0% | 4.0% | N/A | 6.3% |
| Avg Rent | $1,201 | $1,201 | N/A | - |
| Cap Rate | 5.4% | 5.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18407 (Carbondale, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $175,061 |
| Monthly Rent | $1,201 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.4% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +4.0% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (5.4%). 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 18407
Population: 14,664
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 18407
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
How high is vacancy risk in Carbondale, PA?
Carbondale, PA vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much should I expect to pay for a home in Carbondale, PA?
The median home value in Carbondale, PA is roughly $175K. That puts it reasonable relative to the PA statewide average.
Is Carbondale, PA a smart market for rental property?
Investors tracking Carbondale, PA will find a 3.0/5 rating supported by $175K median home values and $1,201/mo rents. That profile suits long-term holders targeting predictable returns.
What is it like being a landlord in Carbondale, PA?
Carbondale, PA operates under PA law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
How much rent can I charge in Carbondale, PA?
The typical rental in Carbondale, PA commands about $1,201/mo monthly. That rent profile consistent cash flow against the $175K purchase basis.
You know 18407 now. You don’t know where it ranks.
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How 18407 ranks in Scranton--Wilkes-Barre, PA
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