Investor-grade market analytics for Pittsburgh, Pennsylvania. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$217,855
+1.4% year-over-year
8.0%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 97% nationally
In-migrants avg $73,148 AGI vs out-migrants $90,398
Opportunity Zone Market
46 ZIP codes in Pittsburgh are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Pittsburgh, PA is in a stabilization phase with 1.4% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability remains favorable with a price-to-income ratio of 2.95x, below the national average of 4.8x. Net negative migration (-1,784 returns/year) is reducing housing demand pressure. Climate risk is moderate (42/100) with manageable exposure. Rental yield of 7.98% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Pittsburgh, PA's primary climate exposure is flooding (59/100). The composite climate risk score of 42/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.