South Side Flats, Pittsburgh, PA—15203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Side Flats, Pittsburgh, PA
As of Oct '25, the median home price in South Side Flats, Pittsburgh, PA is $224,000, with a year-over-year change of -1.6%. This indicates that home prices in South Side Flats, Pittsburgh, PA are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $224,000 | -1.6% |
| Single Family | $218,000 | -1.8% |
| Condos | $304,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $177,000 | 4.1% |
2 Bed | $202,000 | -1.5% |
3 Bed | $242,000 | -1.6% |
4 Bed | $259,000 | -1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Side Flats, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in South Side Flats, Pittsburgh, PA is $1,710, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in South Side Flats, Pittsburgh, PA is studios: $2,530, 1-bedrooms: $1,220, 2-bedrooms: $1,660, 3-bedrooms: $1,960, 4-bedrooms: $2,040. The most common rental property sizes in South Side Flats, Pittsburgh, PA are 2-bedroom and 1-bedroom, accounting for 43.5% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,710 |
| Studio Rent | $1,530 | $2,530 |
| 1 Bed Rent | $1,150 | $1,220 |
| 2 Bed Rent | $1,500 | $1,660 |
| 3 Bed Rent | $1,800 | $1,960 |
| 4 Bed Rent | $2,090 | $2,040 |
% of Rental Stock
Property Listings — South Side Flats, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Side Flats, Pittsburgh, PA is 72. This is a decrease of -30.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | 1.0% |
Listing Count | 107 | 3.0% |
| Listings as % of Homes | 1.2% | 3.0% |
Days on Market | 72 | -30.0% |
Demographics — South Side Flats, Pittsburgh, PA
As of the latest ACS Survey released in 2023, South Side Flats, Pittsburgh, PA has a population of 10,700, which has increased by 9.6% over the past 5 years. South Side Flats, Pittsburgh, PA is a less popular place for families, as children make up 5.0% of the population. The area has a highly educated workforce, with 60.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | 9.6% |
% Under 18 | 5.0% | -10.7% |
% Seniors | 10.9% | -16.8% |
% WFH | 25.5% | 400.0% |
% w/ College Degree | 60.7% | 9.6% |
As of the latest ACS Survey released in 2023, South Side Flats, Pittsburgh, PA is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in South Side Flats, Pittsburgh, PA is black, making up 10.8% of the population. Foreign-born residents account for 8.1% of the population in South Side Flats, Pittsburgh, PA, and this percentage has increased by 125.0% 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 | 82.3% | -5.1% |
% Black | 10.8% | 96.4% |
% Hispanic | 2.9% | -14.7% |
% Asian | 1.8% | -5.3% |
% Foreign Born | 8.1% | 125.0% |
Mortgage and Risk — South Side Flats, Pittsburgh, PA
According to HUD data as of 2023, there were 182 mortgage originations in South Side Flats, Pittsburgh, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in South Side Flats, Pittsburgh, PA. Investor activity is low, as 7.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 182 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — South Side Flats, Pittsburgh, PA
As of 2024, the percent of homes in South Side Flats, Pittsburgh, PA under the Section 8 program is 8.4%. 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. In South Side Flats, Pittsburgh, PA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 444 |
Total Units Section 8 | 374 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 78.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,150 | $1,560 |
| 2 Bedroom | $370 | $1,500 | $1,870 |
| 3 Bedroom | $580 | $1,800 | $2,380 |
| 4 Bedroom | $480 | $2,090 | $2,570 |
Affordability — South Side Flats, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $224,000 |
| Median Household Income | $71,300 |