Real Estate Investing in Harveys Lake, Pennsylvania (18618)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 18618 (Harveys Lake, 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: 26.2% 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 Harveys Lake, PA (18618)?
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Market Analysis: 18618 Harveys Lake
Investors eyeing 18618 need to respect the fundamentals at play. Home values of $273K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 18618 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 18618 sits on the difficult end of the PA spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
The 18618 ZIP's population of 3,583 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The right play in 18618 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Harveys Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 18618 Compare?
| Metric | 18618 | Harveys Lake | Scranton--Wilkes-Barre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $273,158 | $273,158 | N/A | $278,018 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 6.3% |
| Avg Rent | $1,584 | $1,584 | N/A | - |
| Cap Rate | 4.5% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18618 (Harveys Lake, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $273,158 |
| Monthly Rent | $1,584 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 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 (4.5%). 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 18618
Population: 3,583
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 18618
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 2,602 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Harveys Lake, PA?
Expect median prices around $273K in Harveys Lake, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Is vacancy a concern in Harveys Lake, PA?
Rental vacancy in Harveys Lake, PA is elevated. Investors should budget normal turnover but not chronic empty units.
How qualified is the tenant pool in Harveys Lake, PA?
Expect a solid tenant pool in Harveys Lake, PA. The rental market absorbs $1,584/mo rents without meaningful friction.
Is Harveys Lake, PA better for rentals, flips, or BRRRR?
Harveys Lake, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($273K prices, $1,584/mo rents) make it a reasonable choice.
What do rentals go for in Harveys Lake, PA?
Rental rates in Harveys Lake, PA average $1,584/mo. Tenant demand and $273K home values make the yield look reasonable by investor standards.
You know 18618 now. You don’t know where it ranks.
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How 18618 ranks in Scranton--Wilkes-Barre, PA
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