Introduction

Investing in rental properties can be a lucrative venture, but selecting the right property requires careful consideration. A good rental property should be in a desirable location, offer potential for appreciation, have a reasonable purchase price, and promise a solid return on investment (ROI). The importance of location cannot be overstated, as it influences demand, rental income, and long-term value. Cambria County, PA, with its rich history, diverse neighborhoods, and economic opportunities, presents a compelling case for rental property investment. This guide will explore the best areas in Cambria County for potential investors, evaluating them on various critical factors.

Best Neighborhoods and Areas in Cambria County, PA

1. Johnstown

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: A-
• Return on Investment: B+
• Proximity to Work-Related Travel: A-
• X-Factor: A

Johnstown, known for its historic significance and vibrant community, offers a balanced mix of affordability and convenience.

Convenience: Johnstown has a well-developed infrastructure with easy access to shopping centers, schools, and healthcare facilities. The presence of major highways makes commuting relatively straightforward.

Tourist Attractions: While not a major tourist hub, Johnstown boasts several attractions, including the Johnstown Flood Museum, the Inclined Plane, and historic districts that draw visitors interested in its unique past.

Things to Do: Residents and visitors can enjoy local parks, theaters, and a variety of dining options. Seasonal events and festivals also add to the community's appeal.

Average Home Prices: Home prices in Johnstown are relatively low, with an average cost of $70,000 to $100,000, making it an attractive option for investors seeking affordability.

Return on Investment: With a steady demand for rental properties and relatively low purchase prices, ROI in Johnstown is promising, especially for long-term investments.

Proximity to Work-Related Travel: Johnstown is home to several hospitals, a convention center, and sports venues, making it ideal for professionals in these fields.

X-Factor: Johnstown's historical charm and the community's resilience in overcoming past adversities add a unique appeal that can attract tenants who appreciate a sense of history and community spirit.

2. Ebensburg

Grades:

• Convenience: A-
• Tourist Attractions: B+
• Things to Do: B+
• Average Home Prices: B
• Return on Investment: B
• Proximity to Work-Related Travel: B+
• X-Factor: A

Ebensburg is a picturesque town offering a blend of small-town charm and modern conveniences, making it a prime location for rental investments.

Convenience: Ebensburg provides easy access to daily necessities with its variety of shops, restaurants, and services, all within a compact, walkable area.

Tourist Attractions: The town is known for its historical sites, including the Cambria County Courthouse and annual events like the PotatoFest, which attract visitors year-round.

Things to Do: Outdoor activities are abundant, with nearby parks, hiking trails, and recreational facilities. The town also has a lively arts scene with galleries and local performances.

Average Home Prices: Home prices here range from $100,000 to $150,000, slightly higher than in Johnstown, but still within a reasonable range for investors.

Return on Investment: Ebensburg's stable economy and consistent demand for rentals ensure a reliable ROI, though the initial investment might be higher compared to Johnstown.

Proximity to Work-Related Travel: While not as bustling as Johnstown, Ebensburg is near major routes and has its share of medical facilities and small businesses.

X-Factor: Ebensburg's quaint, historic atmosphere combined with modern amenities makes it particularly attractive for families and retirees, offering a unique blend of past and present.

3. Portage

Grades:

• Convenience: B
• Tourist Attractions: B-
• Things to Do: B
• Average Home Prices: A
• Return on Investment: B+
• Proximity to Work-Related Travel: B-
• X-Factor: B+

Portage is a smaller, more rural community that offers affordable housing and a peaceful lifestyle.

Convenience: Portage has basic amenities covered, though residents might need to travel to nearby towns for more extensive services.

Tourist Attractions: While not a major tourist destination, Portage offers a few local attractions such as historical sites and natural beauty spots that appeal to outdoor enthusiasts.

Things to Do: The area provides opportunities for outdoor activities like fishing, hiking, and hunting, which can be attractive to certain tenant demographics.

Average Home Prices: Portage stands out for its affordability, with average home prices ranging from $50,000 to $90,000, making it an excellent entry point for new investors.

Return on Investment: The lower cost of properties means that ROI can be quite favorable, especially if the properties are well-maintained and marketed to the right tenants.

Proximity to Work-Related Travel: The town is somewhat isolated, with fewer nearby job centers, but it still offers access to regional employment opportunities within a reasonable driving distance.

X-Factor: Portage’s rural charm and affordability make it appealing to those seeking a quieter, more affordable lifestyle, which can be a significant draw for certain tenant groups.

Conclusion

Cambria County, PA, offers a variety of neighborhoods with unique characteristics that can appeal to different types of tenants and investors. Whether you are looking for the historical allure of Johnstown, the quaint charm of Ebensburg, or the rural peace of Portage, there are opportunities to unlock significant investment potential in this region. By carefully evaluating the factors of convenience, tourist attractions, things to do, home prices, ROI, proximity to work-related travel, and the unique "x-factor" of each area, investors can make informed decisions that align with their investment goals.