Real Estate Investing in Falls, Pennsylvania (18615)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 18615 (Falls, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.7% 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 Falls, PA (18615)?
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Market Analysis: 18615 Falls
ZIP 18615 inside Wyoming County looks affordable on the surface — median value of $238K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,098/mo on a $238K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 18615 sits below the stated 0.0% once reality is priced in.
Regionally, 18615 sits on the difficult end of the PA spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 18615 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 18615 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Falls:
Market Trends
Home Value History (with trend line)
📊 How Does 18615 Compare?
| Metric | 18615 | Falls | Scranton--Wilkes-Barre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $238,289 | $238,289 | N/A | $278,018 |
| 5-Year CAGR | 2.8% | 2.8% | N/A | 6.3% |
| Avg Rent | $1,098 | $1,098 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18615 (Falls, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,289 |
| Monthly Rent | $1,098 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 6.3% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +3.5% ▲ |
🏠 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 (3.6%). 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 18615
Population: 1,713
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
Frequently Asked Questions
Does house hacking work in Falls, PA?
House hacking in Falls, PA is reasonable to execute. Prices around $238K and rents of $1,098/mo solid owner-occupant economics.
Are landlord laws favorable in Falls, PA?
Rental owners in Falls, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How tight is the rental market in Falls, PA?
Falls, PA carries elevated vacancy risk. Expect stable absorption at market rents of $1,098/mo.
How strong are rents in Falls, PA?
Investors in Falls, PA typically see rents near $1,098/mo per month against $238K home values - a solid setup for rental cash flow.
How much should I expect to pay for a home in Falls, PA?
Expect median prices around $238K in Falls, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 18615 now. You don’t know where it ranks.
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How 18615 ranks in Scranton--Wilkes-Barre, PA
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