Real Estate Investing in Laceyville, Pennsylvania (18623)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 18623 (Laceyville, PA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 20.7% of homes vacant — above national norms.
- Flat appreciation: Values have barely moved over 5 years (1.5% CAGR).
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Laceyville, PA (18623)?
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Market Analysis: 18623 Laceyville
This part of Bradford County is not an easy win. The 18623 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,035/mo on a $205K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 18623 sits below the stated 0.0% once reality is priced in.
The gap between 18623 and stronger Laceyville ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From an investor standpoint, 2,194 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Laceyville's stable or hybrid ZIPs before stepping into 18623. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Laceyville:
Market Trends
Home Value History (with trend line)
📊 How Does 18623 Compare?
| Metric | 18623 | Laceyville | Sayre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $204,503 | $204,503 | N/A | $278,018 |
| 5-Year CAGR | 1.5% | 1.5% | N/A | 6.3% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18623 (Laceyville, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $204,503 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +1.5% ▲ |
| 10-Year CAGR | +2.6% ▲ |
🏠 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 (4.0%). 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 18623
Population: 2,194
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
Is it easy to find good tenants in Laceyville, PA?
The renter base in Laceyville, PA is reasonable for the $1,035/mo price point. Screening well and pricing to market typically yields steady tenants.
Is real estate in Laceyville, PA a good investment right now?
Laceyville, PA scores 2.0/5 for investability. Home values sit at $205K and rents near $1,035/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Where do home prices stand in Laceyville, PA?
Laceyville, PA median home values land near $205K. That is reasonable territory for investors looking at $1,035/mo-per-month rentals.
What kind of vacancy should I budget for in Laceyville, PA?
Occupancy in Laceyville, PA runs consistent with elevated vacancy. Well-priced units at $1,035/mo lease on reasonable timelines.
Is PA a landlord-friendly state?
The landlord environment in Laceyville, PA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 18623 now. You don’t know where it ranks.
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How 18623 ranks in Sayre, PA
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