Real Estate Investing in Pittsburgh, Pennsylvania (15228)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15228 (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.
- High price-to-rent: Price-to-rent ratio 25.3 — hard to cash-flow at these prices.
What’s happening in Pittsburgh, PA (15228)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15228 Pittsburgh
ZIP 15228 in Pittsburgh, PA carries a healthy set of headwinds. Home values near $430K and rents of $1,415/mo sit inside a market where underwriting has to be tight.
Rent of $1,415/mo on a $430K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 15228 sits below the stated 0.0% once reality is priced in.
In the broader PA picture, 15228 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 15228 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. notable returns are possible in 15228, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Pittsburgh:
Property Strategy for 15228
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $144,261 | $1,180 | 5.9% | +6.1% | $144,261 |
| 2BR | $250,312 | $1,420 | 4.1% | +6.1% | $125,156 |
| 3BR | $362,295 | $1,820 | 3.6% | +5.0% | $120,765 |
| 4BR | $566,757 | $1,960 | 2.5% | +6.1% | $141,689 |
| 5BR | $779,151 | — | — | +6.5% | $155,830 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15228 Compare?
| Metric | 15228 | Pittsburgh | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $429,991 | $139,617 | N/A | $278,018 |
| 5-Year CAGR | 4.2% | 2.0% | N/A | 6.3% |
| Avg Rent | $1,415 | $1,523 | N/A | - |
| Cap Rate | 2.6% | 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 15228 (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 | $429,991 |
| Monthly Rent | $1,415 |
| Price-to-Rent | 25.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +14.4% ▲ |
| 3-Year CAGR | +8.1% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.6%). 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 15228
Population: 18,187
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 15228
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Keystone Oaks MS
Myrtle Ave Sch
Pittsburgh Beechwood K-5
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
Frequently Asked Questions
How should investors approach Pittsburgh, PA?
The best-fit strategy in Pittsburgh, PA is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Are renters plentiful in Pittsburgh, PA?
The renter base in Pittsburgh, PA is reasonable for the $1,415/mo price point. Screening well and pricing to market typically yields predictable tenants.
Is Pittsburgh, PA landlord-friendly?
Rental owners in Pittsburgh, PA deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How does Pittsburgh, PA stack up for property investment?
Pittsburgh, PA scores 3.0/5 for investability. Home values sit at $430K and rents near $1,415/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is housing expensive in Pittsburgh, PA?
Homes in Pittsburgh, PA typically sell near $430K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
You know 15228 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15228 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 15228 ranks in Pittsburgh, PA
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