Real Estate Investing in Pittsburgh, Pennsylvania (15224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15224 (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.
- Elevated vacancy: 11.9% vacancy may signal weakening demand.
- 1-year downturn: Values declined 4.4% in the last year.
What’s happening in Pittsburgh, PA (15224)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15224 Pittsburgh
This part of Allegheny County is not an easy win. The 15224 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 15224 can be a an appealing option for hunting ground — but the discount at $259K reflects genuine risk that outside investors often underestimate.
ZIP 15224's metrics run below Allegheny County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 15224 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 15224. 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 15224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $220,087 | $1,630 | 5.3% | +3.9% | $110,043 |
| 3BR | $278,603 | $2,080 | 5.4% | +4.8% | $92,868 |
| 4BR | $342,941 | $2,240 | 4.7% | +4.5% | $85,735 |
| 5BR | $466,751 | — | — | +4.8% | $93,350 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15224 Compare?
| Metric | 15224 | Pittsburgh | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $258,735 | $139,617 | N/A | $278,018 |
| 5-Year CAGR | 2.0% | 2.0% | N/A | 6.3% |
| Avg Rent | $1,612 | $1,523 | N/A | - |
| Cap Rate | 4.9% | 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 15224 (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 | $258,735 |
| Monthly Rent | $1,612 |
| Price-to-Rent | 13.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.5% |
| Cap Rate | 4.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | -4.4% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.9%). 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 15224
Population: 10,516
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 15224
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Pittsburgh Arsenal K-5
Pittsburgh Faison K-5
Pittsburgh Milliones 6-12
Pittsburgh Minadeo K-5
Pittsburgh Westinghouse
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 794 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How should investors approach Pittsburgh, PA?
Most investors in Pittsburgh, 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 monthly rent should investors expect in Pittsburgh, PA?
Average rent in Pittsburgh, PA is approximately $1,612/mo per month. Against $259K home values that yields a reasonable rent-to-price ratio.
How high is vacancy risk in Pittsburgh, PA?
Pittsburgh, PA carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,612/mo.
Is Pittsburgh, PA a friendly market for rental owners?
Pittsburgh, PA falls under PA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much should I expect to pay for a home in Pittsburgh, PA?
Expect median prices around $259K in Pittsburgh, PA. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
You know 15224 now. You don’t know where it ranks.
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How 15224 ranks in Pittsburgh, PA
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