Real Estate Investing in Pittsburgh, Pennsylvania (15202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15202 (Pittsburgh, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.7% vacancy may signal weakening demand.
What’s happening in Pittsburgh, PA (15202)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15202 Pittsburgh
This part of Allegheny County is not an easy win. The 15202 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $220K asset, 15202 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader PA picture, 15202 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 15202 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Pittsburgh's stable or hybrid ZIPs before stepping into 15202. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Pittsburgh:
Property Strategy for 15202
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $95,107 | $1,140 | 8.6% | +4.8% | $95,107 |
| 2BR | $158,513 | $1,380 | 6.3% | +5.5% | $79,256 |
| 3BR | $218,323 | $1,760 | 5.8% | +5.4% | $72,774 |
| 4BR | $275,895 | $1,900 | 5.0% | +5.7% | $68,974 |
| 5BR | $331,630 | — | — | +5.8% | $66,326 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15202 Compare?
| Metric | 15202 | Pittsburgh | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $220,011 | $139,617 | N/A | $278,018 |
| 5-Year CAGR | 2.8% | 2.0% | N/A | 6.3% |
| Avg Rent | $1,111 | $1,523 | N/A | - |
| Cap Rate | 3.9% | 5.0% | - | - |
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 15202 (Pittsburgh, PA). Anonymous, moderated, never written by AI.
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Property managers serving Allegheny County
Manage rentals here? List your business →Real Property Management Keystone offers property management services in Pittsburgh, PA and surrounding areas. summary from their website
Real Property Management Pittsburgh is a property management company in Pittsburgh, PA. summary from their website
Real Property Management Three Rivers is a property management company in Pittsburgh, PA. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $220,011 |
| Monthly Rent | $1,111 |
| Price-to-Rent | 16.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 3.9% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 15202
Population: 19,642
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 15202
Schools in This ZIP Code
Nearby Schools (4 more)
Schools in adjacent ZIP codes that may serve this area
Highcliff El Sch
West View El Sch
North Hills HS
North Hills MS
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 4,504 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Pittsburgh, PA?
The 3.0/5 investability rating in Pittsburgh, PA reflects its $220K prices and $1,111/mo rents. Investors generally consider it a solid option within PA.
What do landlords charge for rent in Pittsburgh, PA?
The typical rental in Pittsburgh, PA commands about $1,111/mo monthly. That rent profile consistent cash flow against the $220K purchase basis.
What is the typical renter like in Pittsburgh, PA?
The renter base in Pittsburgh, PA is reasonable for the $1,111/mo price point. Screening well and pricing to market typically yields reliable tenants.
What does house hacking look like in Pittsburgh, PA?
House hacking works a challenging in Pittsburgh, PA. Rents of $1,111/mo against $220K acquisition make the strategy solid for owner-occupants.
Is vacancy a concern in Pittsburgh, PA?
Occupancy in Pittsburgh, PA runs even-keeled with elevated vacancy. Well-priced units at $1,111/mo lease on reasonable timelines.
You know 15202 now. You don’t know where it ranks.
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How 15202 ranks in Pittsburgh, PA
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