Real Estate Investing in Horsham, Pennsylvania (19044)

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

Montgomery County • Population: 17,134 • Data updated: September 2026

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Should you buy in 19044 (Horsham, PA)? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Horsham, PA (19044)?

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3.0/ 5

Investability

Overall investment appeal

2.0/ 5

Appreciation

Long-term value growth

3.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $446,322
Avg Monthly Rent $1,713
1% Rule ✗ Does Not Meet
Median Income $94,230
% Renters 42.9%

Market Analysis: 19044 Horsham

The 19044 ZIP in Horsham, PA is a local-operator market. Outside capital chasing a $446K entry has to pair deep knowledge with the discount.

The 19044 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.

Nearby ZIPs in Horsham have seen price recovery that 19044 has not matched. Montgomery County data supports the view that the spread is structural rather than temporary.

On balance, 17,134 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.

The right play in 19044 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Horsham:

C+ Average
Buy Confidence Score: 62/100
Affordability
10/25
Appreciation
18/25
Stability
11/20
Timing
8/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.7× the median income
Value Trend
Rising (+5.4%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,713/mo if you need to move
Market Conditions
BALANCED
Even conditions for buyers and sellers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
🏠

Property Strategy for 19044

Which property type performs best in this market?

Best for Cash Flow
2BR
4.0% cap rate
Best for Appreciation
2BR
+7.6% 5yr CAGR
Best Overall Value
3BR
$139,083/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
2BR $323,579 $1,820 4.0% +7.6% $161,790
3BR $417,250 $2,180 3.8% +6.2% $139,083
4BR $626,691 $2,440 2.8% +6.8% $156,673
5BR $717,314 +6.5% $143,463

Market Trends

Home Value History (with trend line)

$469K$419K$368K$318K$267K$217KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$1,772$1,698$1,625$1,551$1,477$1,404Feb 2025Nov 2025Jul 2026

📊 How Does 19044 Compare?

Metric 19044 Horsham Pennsylvania
Home Value $446,322 $446,322 $278,018
5-Year CAGR 5.0% 5.0% 6.3%
Avg Rent $1,713 $1,713 -
Cap Rate 3.0% 3.0% -
💡 Why Invest in 19044? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 43% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 19044 (Horsham, PA). Anonymous, moderated, never written by AI.

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Property managers serving Montgomery County

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Apartment Property Management Services 42 LLC. summary from their website

Small multifamily
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Big Realty Property Management. summary from their website

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Lindy Communities offers apartments in Greater Philadelphia, PA, FL & OH, including pet-friendly options. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Investability
Good
Cap Rate
3.0%
Low
5yr Growth
+5.0%
Moderate

📊 Market Snapshot

Home Value $446,322
Monthly Rent $1,713
Price-to-Rent 21.7:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 4.6%
Cap Rate 3.0%
5-Year IRR 8.0%

📈 Home Appreciation

1-Year +5.4% ▲
3-Year CAGR +3.9% ▲
5-Year CAGR +5.0% ▲
10-Year CAGR +5.4% ▲

🏠 Rent Trends

1-Year -0.4% ▼
3-Year CAGR N/A
5-Year CAGR N/A
Negative Leverage — IRR / Tax Play Cap Rate: 3.0%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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.

Vacancy
4.9%
Low risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+5.0%
Stable
Eviction process: Moderate Rent control: Favorable

Demographics in 19044

Population: 17,134

💰 Median Household Income
$94,230
This area
$94,230
State
$73,647
USA
$74,580
🏠 Renter Occupied
42.9%
This area
42.9%
State
23.0%
USA
34.0%
💼 Unemployment Rate
2.0%
This area
2.0%
State
-7.4%
USA
3.7%
🎓 College Educated
45.3%
This area
45.3%
State
12.3%
USA
33.7%
👤 Median Age
34.3 years
This area
34.3 years
State
25.7 years
USA
38.9 years
🏚️ Vacancy Rate
4.9%
This area
4.9%
State
14.6%
USA
10.5%
👥 Population by Ethnicity
White 78.7%
Asian 12.5%
Black/African American 4.6%
Other/Mixed 4.2%
Hispanic/Latino 3.5%
👶 Under 18
23.3%
This area
23.3%
USA
22.0%
👴 65 and Over
10.7%
This area
10.7%
USA
17.3%
📊 Poverty Rate
4.7%
This area
4.7%
USA
11.5%

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 19044

A+ Avg School Grade
4 Schools
10.9:1 Avg Class Size
$27,334 Avg Per Pupil

Schools in This ZIP Code

A+ Excellent

Hallowell El Sch

📚 K – 05 Elementary
👥
429 Students
👨‍🏫
11.0:1 Class Size
💰
$27,334 Per Student
A+ Excellent

Simmons El Sch

📚 K – 05 Elementary
👥
581 Students
👨‍🏫
11.3:1 Class Size
💰
$27,334 Per Student
A+ Excellent

Keith Valley MS

📚 06 – 08 Middle
👥
987 Students
👨‍🏫
10.2:1 Class Size
💰
$27,334 Per Student
A+ Excellent

Hatboro-Horsham SHS

📚 09 – 12 High School
👥
1,339 Students
👨‍🏫
11.2:1 Class Size
💰
$27,334 Per Student

Nearby Schools (4 more)

Schools in adjacent ZIP codes that may serve this area

A+ Excellent

Blair Mill Elementary

📚 K – 05 Elementary
📍 109 Bender Road, Hatboro
👥
392 Students
👨‍🏫
11.5:1 Class Size
💰
$27,334 Per Student
A+ Excellent

Crooked Billet El Sch

📚 K – 05 Elementary
📍 69 Meadowbrook Ave, Hatboro
👥
451 Students
👨‍🏫
11.0:1 Class Size
💰
$27,334 Per Student
A+ Excellent

Upper Moreland MS

📚 06 – 08 Middle
📍 4000 Orangemans Road, Hatboro
👥
819 Students
👨‍🏫
11.4:1 Class Size
💰
$19,910 Per Student
B+ Above Average

Upper Moreland El Sch

📚 K – 05 Elementary
📍 3980 Orangemans Rd, Hatboro
👥
1,633 Students
👨‍🏫
14.9:1 Class Size
💰
$19,910 Per Student
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

8 Nearby 558 Off-Campus Students
C
Eastern Center for Arts and Technology
181 students · 3.1 mi
D
Won Institute of Graduate Studies
112 students · 4.0 mi
C
Automotive Training Center-Warminster
275 students · 4.2 mi
C
The Beauty Institute-Ambler
152 students · 4.4 mi
C
Gwynedd Mercy University
2,165 students · 4.5 mi
C
Pennsylvania State University-Penn State Abington
3,095 students · 5.4 mi
C
Bryn Athyn College of the New Church
285 students · 6.1 mi
D
PITC Institute
113 students · 6.3 mi

Investor Insight: With 558 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What is the typical rental rate in Horsham, PA?

Investors in Horsham, PA typically see rents near $1,713/mo per month against $446K home values - a solid setup for rental cash flow.

Is Horsham, PA a friendly market for rental owners?

Horsham, PA falls under PA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

How quickly do rentals get leased in Horsham, PA?

Horsham, PA carries elevated vacancy risk. Expect measured absorption at market rents of $1,713/mo.

What investment strategy works best in Horsham, PA?

Most investors in Horsham, 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.

Is real estate in Horsham, PA a good investment right now?

Horsham, PA scores 3.0/5 for investability. Home values sit at $446K and rents near $1,713/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

You know 19044 now. You don’t know where it ranks.

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How 19044 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

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