Real Estate Investing in Pittsburgh, Pennsylvania (15239)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 15239 (Pittsburgh, PA)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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 (15239)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 15239 Pittsburgh
This part of Allegheny County is not an easy win. The 15239 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 15239 is sturdy only for operators who understand what they are buying. A $255K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 15239 and stronger Pittsburgh ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 15239 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 15239, 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 15239
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $164,343 | $1,430 | 6.3% | +6.3% | $82,171 |
| 3BR | $230,794 | $1,830 | 5.7% | +6.1% | $76,931 |
| 4BR | $355,715 | $1,970 | 4.0% | +6.4% | $88,929 |
| 5BR | $377,978 | — | — | +5.7% | $75,596 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 15239 Compare?
| Metric | 15239 | Pittsburgh | Pittsburgh, PA | Pennsylvania |
|---|---|---|---|---|
| Home Value | $255,328 | $139,617 | N/A | $278,018 |
| 5-Year CAGR | 3.6% | 2.0% | N/A | 6.3% |
| Avg Rent | $1,275 | $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 15239 (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 | $255,328 |
| Monthly Rent | $1,275 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.9%). 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 15239
Population: 21,414
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 15239
Schools in This ZIP Code
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
What do rentals go for in Pittsburgh, PA?
The typical rental in Pittsburgh, PA commands about $1,275/mo monthly. That rent profile measured cash flow against the $255K purchase basis.
How expensive is real estate in Pittsburgh, PA?
Pittsburgh, PA home values average about $255K. That price point suits investors targeting rentals with $1,275/mo in monthly income.
What investment strategy works best in Pittsburgh, PA?
Pittsburgh, PA investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($255K prices, $1,275/mo rents) make it a reasonable choice.
Does Pittsburgh, PA favor landlords or tenants?
Landlord-friendliness in Pittsburgh, PA is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is Pittsburgh, PA a smart market for rental property?
Pittsburgh, PA rates 3.0/5 for investability. With median values at $255K and rents near $1,275/mo, the market offers reasonable fundamentals for rental investors.
You know 15239 now. You don’t know where it ranks.
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How 15239 ranks in Pittsburgh, PA
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