Real Estate Investing in Pittsburgh, Pennsylvania (15220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15220 (Pittsburgh, PA)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Pittsburgh, PA (15220)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15220 Pittsburgh
Investors eyeing 15220 need to respect the fundamentals at play. Home values of $237K come alongside slower price movement and elevated management overhead.
Rent of $1,348/mo on a $237K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 15220 sits below the stated 0.0% once reality is priced in.
Within PA, ZIP 15220 trails on several market indicators that neighboring Allegheny County submarkets outperform. The gap is real and robust enough to shape underwriting.
The demographic picture in 15220 includes headwinds that any investor should price in. Income distribution skews lower than Pittsburgh averages, and tenant stability requires active management.
The right play in 15220 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Pittsburgh:
Property Strategy for 15220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $114,162 | $1,250 | 7.9% | +7.3% | $114,162 |
| 2BR | $171,260 | $1,510 | 6.3% | +6.1% | $85,630 |
| 3BR | $244,481 | $1,930 | 5.7% | +5.2% | $81,494 |
| 4BR | $335,980 | $2,080 | 4.5% | +5.0% | $83,995 |
| 5BR | $359,665 | — | — | +6.5% | $71,933 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15220 Compare?
| Metric | 15220 | Pittsburgh | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $237,402 | $139,617 | N/A | $278,018 |
| 5-Year CAGR | 2.9% | 2.0% | N/A | 6.3% |
| Avg Rent | $1,348 | $1,523 | N/A | - |
| Cap Rate | 4.4% | 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 15220 (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 | $237,402 |
| Monthly Rent | $1,348 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 15220
Population: 18,519
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 15220
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Keystone Oaks MS
Pittsburgh Beechwood K-5
Pittsburgh Langley K-8
Pittsburgh South Hills 6-8
Pittsburgh Brashear HS
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
Where do home prices stand in Pittsburgh, PA?
Expect median prices around $237K in Pittsburgh, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
What approach is best for Pittsburgh, PA real estate?
For Pittsburgh, PA, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is Pittsburgh, PA a good market for buy-and-hold investors?
Pittsburgh, PA scores 3.0/5 for investability. Home values sit at $237K and rents near $1,348/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Should investors worry about vacancy in Pittsburgh, PA?
Vacancy risk in Pittsburgh, PA is elevated. That supports predictable cash flow for typical rental holds.
Is PA a landlord-friendly state?
PA law landlord-friendly for landlords, and Pittsburgh inherits those rules. Investors should still review local ordinances for rental licensing.
You know 15220 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15220 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 15220 ranks in Pittsburgh, PA
Every ZIP in this metro, ranked. Free.
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