Real Estate Investing in Springfield, Pennsylvania (19064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 19064 (Springfield, 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.
No major risk flags on the data we track.
What’s happening in Springfield, PA (19064)?
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Market Analysis: 19064 Springfield
The 19064 ZIP in Springfield, PA is a local-operator market. Outside capital chasing a $495K entry has to pair deep knowledge with the discount.
Rent of $2,600/mo on a $495K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 19064 sits below the stated 0.0% once reality is priced in.
In the broader PA picture, 19064 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 19064 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 19064 is an operator game, not a passive one. Meanwhile, entry prices of $495K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Springfield:
Property Strategy for 19064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $351,078 | $1,920 | 3.9% | +7.8% | $175,539 |
| 3BR | $452,537 | $2,300 | 3.7% | +7.3% | $150,846 |
| 4BR | $540,705 | $2,570 | 3.4% | +7.6% | $135,176 |
| 5BR | $624,425 | — | — | +7.6% | $124,885 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19064 Compare?
| Metric | 19064 | Springfield | Pennsylvania |
|---|---|---|---|
| Home Value | $495,462 | $495,462 | $278,018 |
| 5-Year CAGR | 5.4% | 5.4% | 6.3% |
| Avg Rent | $2,600 | $2,600 | - |
| Cap Rate | 4.1% | 4.1% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19064 (Springfield, PA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $495,462 |
| Monthly Rent | $2,600 |
| Price-to-Rent | 15.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 19064
Population: 25,137
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 19064
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Amosland El Sch
Edgewood El Sch
Grace Park El Sch
Hillcrest El Sch
Primos El Sch
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 1,296 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Springfield, PA?
Most investors in Springfield, 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.
What do landlords charge for rent in Springfield, PA?
Rental rates in Springfield, PA average $2,600/mo. Tenant demand and $495K home values make the yield look reasonable by investor standards.
Does Springfield, PA favor landlords or tenants?
PA ranks as a landlord-friendly state for landlord-tenant law. Springfield generally follows the statewide framework, so landlords face reasonable operating rules.
How does Springfield, PA rate as a rental market?
Springfield, PA clocks in at an investability rating of 3.0/5, with median home values near $495K and average rents around $2,600/mo. That combination puts it in the durable tier for investor interest.
Is it easy to find good tenants in Springfield, PA?
Working renters make up the core of the Springfield, PA tenant base. The pool is reasonable for investors targeting long-term holds.
You know 19064 now. You don’t know where it ranks.
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How 19064 ranks in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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