Real Estate Investing in Pittston, Pennsylvania (18640)
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Should you buy in 18640 (Pittston, PA)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in Pittston, PA (18640)?
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Market Analysis: 18640 Pittston
Investors eyeing 18640 need to respect the fundamentals at play. Home values of $217K come alongside slower price movement and elevated management overhead.
For an experienced owner, 18640 can be a a viable market for hunting ground — but the discount at $217K reflects genuine risk that outside investors often underestimate.
Regionally, 18640 sits on the difficult end of the PA spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
The 18640 ZIP's population of 16,418 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The 18640 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 Pittston:
Property Strategy for 18640
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $167,289 | $1,310 | 5.6% | +9.6% | $83,645 |
| 3BR | $195,896 | $1,710 | 6.3% | +9.7% | $65,299 |
| 4BR | $233,422 | $1,850 | 5.7% | +8.6% | $58,356 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 18640 Compare?
| Metric | 18640 | Pittston | Scranton--Wilkes-Barre, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $217,214 | $217,214 | N/A | $278,018 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.3% |
| Avg Rent | $1,150 | $1,150 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 18640 (Pittston, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $217,214 |
| Monthly Rent | $1,150 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +10.0% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 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 (4.1%). 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 18640
Population: 16,418
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 18640
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
What is the rental occupancy rate in Pittston, PA?
Occupancy in Pittston, PA runs steady with elevated vacancy. Well-priced units at $1,150/mo lease on reasonable timelines.
What kind of tenants rent in Pittston, PA?
Tenant quality in Pittston, PA ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,150/mo.
Is real estate in Pittston, PA a good investment right now?
Pittston, PA rates 3.0/5 for investability. With median values at $217K and rents near $1,150/mo, the market offers reasonable fundamentals for rental investors.
What does house hacking look like in Pittston, PA?
For house hackers, Pittston, PA is a challenging. The $1,150/mo rent on a unit helps defray the mortgage on a $217K property.
What investment strategy works best in Pittston, PA?
Most investors in Pittston, PA run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 18640 now. You don’t know where it ranks.
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How 18640 ranks in Scranton--Wilkes-Barre, PA
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