Explore available listings and evaluate market performance.
Pittsburgh, PA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,565
Monthly Cash Flow
-$1,006
Principal + Equity
$1,380
Annual Total Gain
$4,483
Cash on Cash
-20.54%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$173
Occupancy Rate
56.52%
Monthly Revenue
$2,343
Monthly Cash Flow
-$580
Principal + Equity
$1,380
Annual Total Gain
$9,598
Cash on Cash %
-11.84%
Net ROI %
Market Health & Growth
Median Income
$64,137
Population
303,620
LTR Renter %
52.84%
Forecast (1 yr)
-0.33%
Appreciation (1 yr)
0.78%
Appreciation (5 yr)
27.89%
Appreciation (10 yr)
81.14%
Job Growth
0.16%
LTR Rentability
Moderate
STR Demand
62
STR Rentals
3,191
Top Public Schools
A-Montour Elementary School
A-Allderdice High School
B
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Cities to Live in America
#30out of 229 markets
Best Cities to Buy a House in America
#11out of 229 markets
Best Cities for Young Professionals in America
#15out of 229 markets
C
Public School
D
Crime And Safety
B-
Housing
A
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Pittsburgh, PA.
In Pittsburgh, PA, Short Term Rental (STR) regulations are governed by the city's Department of Permits, Licenses, and Inspections. Before investing in purchasing a property for short term rental in Pittsburgh, an investor should be aware of the following regulations:
1. Zoning regulations: Pittsburgh has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing requirements: Short term rental hosts in Pittsburgh are required to obtain a license from the city in order to operate legally. The application process typically involves submitting an application, paying a fee, and meeting certain criteria set by the city.
3. Occupancy limits: Pittsburgh has occupancy limits for short term rentals, which specify the maximum number of guests that can stay in a property at any given time. Investors should be aware of these limits and ensure that their property complies with them.
4. Safety regulations: Short term rental properties in Pittsburgh must meet certain safety standards, such as having working smoke detectors, carbon monoxide detectors, and fire extinguishers. Investors should ensure that their property meets these requirements before renting it out.
5. Taxation: Short term rental hosts in Pittsburgh are required to collect and remit occupancy taxes to the city. Investors should be aware of their tax obligations and ensure that they are in compliance with local tax laws.
6. Noise regulations: Pittsburgh has noise regulations that apply to short term rentals, particularly in residential areas. Investors should be aware of these regulations and ensure that their guests are respectful of their neighbors.
Overall, investors looking to purchase a property for short term rental in Pittsburgh should familiarize themselves with the city's regulations and ensure that their property complies with all applicable laws before renting it out.
Market Trends Over Time
Explore 25 years of market data for Pittsburgh, PA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Pittsburgh, PA.
The LTR Genie Score of Pittsburgh, PA is 45 and the STR Genie Score is 46, indicating a moderate level of rentability for both long-term and short-term rental properties in the area. The LTR Rent Growth Rate of 0.0399% suggests a steady increase in rental prices over time, while the STR Net ROI of 16.33% is higher than the LTR Net ROI of 7.63%, indicating potentially higher returns for short-term rental investments.
The 1-Year Price Appreciation Forecast of -0.33% may raise some concerns for long-term investors, but the STR Occupancy rate of 56.52% and STR Revenue of 2343 show a strong demand for short-term rentals in Pittsburgh.
Overall, Pittsburgh seems to offer opportunities for both long-term and short-term rental investments, with potentially higher returns in the short-term rental market. Real estate investors may want to consider diversifying their portfolio by investing in both rental strategies in this market.
Pittsburgh, PA is known for its diverse economy, affordable housing market, and strong rental demand from students and young professionals. The city has a stable job market, with major industries including healthcare, technology, and education, making it an attractive location for real estate investment.
LTR Genie Score 93
$69,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,672 sqft.🏠 SINGLE FAMILY
