Real Estate Investing in Pittsburgh, Pennsylvania (15236)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15236 (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.
No major risk flags on the data we track.
What’s happening in Pittsburgh, PA (15236)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15236 Pittsburgh
ZIP 15236 inside Allegheny County looks affordable on the surface — median value of $257K — but the discount exists for reasons that a careful buyer should understand before committing.
Put differently, the numbers look inviting — $257K purchase price, 0.0% nominal cap — the work to hit that pro forma in 15236 is substantial and deserves full respect.
In practical terms, 15236 offers a low basis, the region around Pittsburgh has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A durable renter share of 23% in 15236 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Pittsburgh:
Property Strategy for 15236
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,792 | $1,380 | 5.2% | +5.1% | $96,396 |
| 3BR | $242,306 | $1,760 | 5.2% | +5.3% | $80,769 |
| 4BR | $328,032 | $1,900 | 4.2% | +5.5% | $82,008 |
| 5BR | $367,893 | — | — | +5.8% | $73,579 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15236 Compare?
| Metric | 15236 | Pittsburgh | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $257,314 | $139,617 | N/A | $278,018 |
| 5-Year CAGR | 3.8% | 2.0% | N/A | 6.3% |
| Avg Rent | $1,125 | $1,523 | N/A | - |
| Cap Rate | 3.4% | 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 15236 (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 | $257,314 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 19.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 15236
Population: 31,152
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 15236
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Brentwood SHS
Myrtle Ave Sch
Brentwood MS
Moore Sch
Abraham Lincoln El Sch
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 strong is the working-renter base in Pittsburgh, PA?
Pittsburgh, PA draws a measured base of working renters. Demand at the $1,125/mo rent level is reasonable for standard single-family and small multi rentals.
How strong is Pittsburgh, PA for real estate investors?
Yes - Pittsburgh, PA a 3.0/5 investability score. With $257K home prices against $1,125/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do home prices stand in Pittsburgh, PA?
In Pittsburgh, PA the median home value sits at $257K. Against the broader PA market, that reads as reasonable for most investors.
Is PA a landlord-friendly state?
For rental operators, Pittsburgh, PA rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong are rents in Pittsburgh, PA?
Pittsburgh, PA rentals go for roughly $1,125/mo a month. That puts gross yield in solid territory relative to $257K acquisition costs.
You know 15236 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 15236 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 15236 ranks in Pittsburgh, PA
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