Sheraden, Pittsburgh, PA—15204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheraden, Pittsburgh, PA
As of Oct '25, the median home price in Sheraden, Pittsburgh, PA is $121,000, with a year-over-year change of -3.9%. This indicates that home prices in Sheraden, Pittsburgh, PA are decreasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $121,000 | -3.9% |
| Single Family | $121,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $103,000 | -2.8% |
3 Bed | $127,000 | -3.1% |
4 Bed | $133,000 | -2.2% |
| 5 Bed | $139,000 | -1.4% |
% of Housing Stock
Rental Trends — Sheraden, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Sheraden, Pittsburgh, PA is $1,080, with a year-over-year rent change of -17.6%. Per bedroom, the median rent as of July '25 in Sheraden, Pittsburgh, PA is studios: $1,500, 1-bedrooms: $668, 2-bedrooms: $977, 3-bedrooms: $1,310, 4-bedrooms: $1,500. The most common rental property sizes in Sheraden, Pittsburgh, PA are 2-bedroom and 3-bedroom, accounting for 32.8% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,080 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $700 | $668 |
| 2 Bed Rent | $995 | $977 |
| 3 Bed Rent | $1,200 | $1,310 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Sheraden, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheraden, Pittsburgh, PA is 62. This is a decrease of -23.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $153,000 | 1.0% |
Listing Count | 37 | -2.0% |
| Listings as % of Homes | 0.7% | -2.0% |
Days on Market | 62 | -23.0% |
Demographics — Sheraden, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Sheraden, Pittsburgh, PA has a population of 7,810, which has decreased by -9.1% over the past 5 years. Sheraden, Pittsburgh, PA is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 28.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,810 | -9.1% |
% Under 18 | 17.2% | -32.8% |
% Seniors | 14.4% | 0.7% |
% WFH | 12.3% | 1,130.0% |
% w/ College Degree | 28.3% | 19.9% |
As of the latest ACS Survey released in 2023, Sheraden, Pittsburgh, PA is a predominantly white area, with 46.7% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Sheraden, Pittsburgh, PA is black, making up 41.7% of the population. Foreign-born residents account for 5.9% of the population in Sheraden, Pittsburgh, PA, and this percentage has increased by 9.3% 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 | 46.7% | -3.9% |
% Black | 41.7% | 0.5% |
% Hispanic | 2.5% | 47.1% |
% Asian | 1.3% | -53.6% |
% Foreign Born | 5.9% | 9.3% |
Mortgage and Risk — Sheraden, Pittsburgh, PA
According to HUD data as of 2023, there were 119 mortgage originations in Sheraden, Pittsburgh, PA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Sheraden, Pittsburgh, PA. Investor activity is low, as 5.0% 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 | 119 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Sheraden, Pittsburgh, PA
As of 2024, the percent of homes in Sheraden, Pittsburgh, PA under the Section 8 program is 35.6%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Sheraden, 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 | 469 |
Total Units Section 8 | 415 |
% Rentals under Section 8 | 35.6% |
% Occupied Section 8 | 69.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $700 | $1,090 |
| 2 Bedroom | $315 | $995 | $1,310 |
| 3 Bedroom | $470 | $1,200 | $1,670 |
| 4 Bedroom | $300 | $1,500 | $1,800 |
Affordability — Sheraden, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $121,000 |
| Median Household Income | $54,300 |