Carnegie, PA—15106
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Carnegie, PA
As of Oct '25, the median home price in Carnegie, PA is $212,000, with a year-over-year change of 3.3%. This indicates that home prices in Carnegie, PA are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 3.3% |
| Single Family | $211,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $114,000 | 2.7% |
2 Bed | $155,000 | 1.3% |
3 Bed | $227,000 | 4.1% |
4 Bed | $360,000 | 4.0% |
| 5 Bed | $342,000 | 4.6% |
% of Housing Stock
Rental Trends — Carnegie, PA
As of July '25, Rentcast reports the average rent in Carnegie, PA is $1,420, with a year-over-year rent change of 19.3%. Per bedroom, the median rent as of July '25 in Carnegie, PA is studios: $1,120, 1-bedrooms: $953, 2-bedrooms: $1,240, 3-bedrooms: $1,900, 4-bedrooms: $2,210. The most common rental property sizes in Carnegie, PA are 2-bedroom and 1-bedroom, accounting for 42.6% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,420 |
| Studio Rent | $750 | $1,120 |
| 1 Bed Rent | $995 | $953 |
| 2 Bed Rent | $1,250 | $1,240 |
| 3 Bed Rent | $1,740 | $1,900 |
| 4 Bed Rent | $1,860 | $2,210 |
% of Rental Stock
Property Listings — Carnegie, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Carnegie, PA is 48. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $241,000 | 5.0% |
Listing Count | 61 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 48 | -8.0% |
Demographics — Carnegie, PA
As of the latest ACS Survey released in 2023, Carnegie, PA has a population of 19,200, which has remained stable by -0.9% over the past 5 years. Carnegie, PA is a moderately popular place for families, as children make up 16.5% of the population. The area has a moderately educated workforce, with 35.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | -0.9% |
% Under 18 | 16.5% | -5.2% |
% Seniors | 23.2% | 22.8% |
% WFH | 20.1% | 367.4% |
% w/ College Degree | 35.5% | 9.9% |
As of the latest ACS Survey released in 2023, Carnegie, PA is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Carnegie, PA is black, making up 8.5% of the population. Foreign-born residents account for 5.5% of the population in Carnegie, PA, and this percentage has increased by 71.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.7% | -7.8% |
% Black | 8.5% | 28.8% |
% Hispanic | 2.2% | 83.3% |
% Asian | 2.3% | 130.0% |
% Foreign Born | 5.5% | 71.9% |
Mortgage and Risk — Carnegie, PA
According to HUD data as of 2023, there were 328 mortgage originations in Carnegie, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Carnegie, PA. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 328 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Carnegie, PA
As of 2024, the percent of homes in Carnegie, PA under the Section 8 program is 13.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Carnegie, PA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 499 |
Total Units Section 8 | 482 |
% Rentals under Section 8 | 13.0% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $995 | $1,000 |
| 2 Bedroom | -$50 | $1,250 | $1,200 |
| 3 Bedroom | -$210 | $1,740 | $1,530 |
| 4 Bedroom | -$210 | $1,860 | $1,650 |
Affordability — Carnegie, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $212,000 |
| Median Household Income | $72,100 |