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📊 Pennsylvania · Housing Market 2026

Pittsburgh Housing Market Data 2026

Median prices, cap rates, rent benchmarks, and investment outlook for Pittsburgh, Pennsylvania — data sourced from Zillow, HUD FMR, and Census ACS.
🟡 Moderate Market Median Price:$225,000 Cap Rate:6.0% Vacancy:7.8% 12-Mo Outlook:→ Neutral
$225,000
Median Home Price
YoY: +4.2%
6.0%
Avg Cap Rate
Cash-on-cash: 6.5%
$1,200
Median Rent (2BR/mo)
YoY: +1.2%
7.8%
Vacancy Rate
High — watch carefully
42 days
Days on Market
Moderate pace
$225,000 / 6.0%
Price / Cap Rate
🟡 Moderate Market

📈 Market Analysis — Pittsburgh, PA

As of 2026, Pittsburgh remains a premier defensive market for real estate investors, characterized by its remarkable affordability

🔮 12-Month Predictive Outlook View All Markets →

Price Trend
→ Neutral
12-mo forecast: $232,915
Confidence: 92%
Rent Growth
▼ Declining
12-mo forecast: $1,213/mo
Confidence: 90%
Emerging Score
56/100
Confidence: 92%
Price Momentum +4.2% YoY (national: +2.3%)
Days on Market 42 days (national avg: 38)
Predictions are rule-based forecasts based on price momentum, rent data, vacancy trends, and population growth. Not investment advice. See full rankings →

🏘️ Rent Breakdown — HUD Fair Market Rents

HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Pittsburgh. Used as a benchmark for Section 8 voucher limits and rental market analysis.

Bedroom Count Monthly Rent (HUD FMR) Annual Rental Income Est. Cap Rate at Median Price
1 Bedroom $950/mo $11,400/yr 3.5% est.
2 Bedrooms $1,200/mo $14,400/yr 4.5% est.
3 Bedrooms $1,500/mo $18,000/yr 5.6% est.
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.

💰 Cost of Investing in Pittsburgh

Cost ItemRate / AmountEst. Annual CostMonthly Cost
Property Tax 1.5% effective rate $3,353 $279/mo
Homeowners Insurance Pennsylvania avg premium $1,200 $100/mo
Total Tax + Insurance Based on median home price of $225,000 $379/mo

These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).

⚖️ How Pittsburgh Compares to National Averages

Avg Cap Rate
6.0%
National avg: 5.5%
✓ Above average
Median Home Price
$225,000
National avg: $371,696
✓ More affordable
Vacancy Rate
7.8%
National avg: 7.6%
Above avg vacancy
2BR Median Rent
$1,200/mo
National avg: $1,753/mo
Days on Market
42 days
National avg: 38 days
Price Growth YoY
+4.2%
National avg: +2.3%

National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.

Related Guides & Resources
BRRRR Strategy Guide Vacancy Rate Calculator Rental Yield Calculator Market Rankings Best Market Data Tools All Markets
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