Updated 2026 · Based on median market data for Johnstown, PA
The median monthly rent in Johnstown, PA is $810, translating to $9,720 in annual gross rental income per unit. The rent-to-price ratio is 0.70% — below the 1% rule but within a range where deals can work with good financing.
Renters in Johnstown spend approximately 20% of the local median household income ($47,800) on rent. This is well below the 30% threshold, suggesting significant headroom for rent increases. Tenants can afford to pay more, which is bullish for landlords.
The vacancy rate in Johnstown is 6%. This is a healthy vacancy rate that indicates balanced supply and demand. You should be able to find quality tenants without extended vacancies, though expect normal turnover periods of 2-4 weeks between tenants. Population growth of 0.2% annually provides stable demand.
Johnstown's GRM (price divided by annual rent) is 11.8x. A GRM under 12x is excellent — it means you're paying less than 12 years of gross rent for the property, suggesting strong income relative to price. For comparison, the national average GRM for investment-grade rentals is approximately 13-15x.
At the median rent of $810/mo, a single-family rental in Johnstown generates approximately $9,720 in gross annual income. After accounting for 6% vacancy ($583 lost), property taxes of $1,587, insurance (~$460), and maintenance (~$460), the estimated NOI is $6,630 per year, or $552/mo.
Johnstown vs Pennsylvania state average and national average across key investment metrics. Johnstown outperforms both benchmarks on cap rate.