Millvale, Pittsburgh, PA—15209
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Millvale, Pittsburgh, PA
As of Oct '25, the median home price in Millvale, Pittsburgh, PA is $232,000, with a year-over-year change of 2.9%. This indicates that home prices in Millvale, Pittsburgh, PA are increasing. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $232,000 | 2.9% |
| Single Family | $232,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $105,000 | 2.9% |
2 Bed | $164,000 | 1.9% |
3 Bed | $249,000 | 2.5% |
4 Bed | $356,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Millvale, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Millvale, Pittsburgh, PA is $1,180, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Millvale, Pittsburgh, PA is studios: $700, 1-bedrooms: $878, 2-bedrooms: $1,260, 3-bedrooms: $1,760, 4-bedrooms: $1,500. The most common rental property sizes in Millvale, Pittsburgh, PA are 2-bedroom and 1-bedroom, accounting for 47.3% and 42.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,180 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $875 | $878 |
| 2 Bed Rent | $1,280 | $1,260 |
| 3 Bed Rent | $1,500 | $1,760 |
| 4 Bed Rent | $1,500 | $1,500 |
% of Rental Stock
Property Listings — Millvale, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Millvale, Pittsburgh, PA is 38. This is a decrease of -32.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $262,000 | -3.0% |
Listing Count | 38 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 38 | -32.0% |
Demographics — Millvale, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Millvale, Pittsburgh, PA has a population of 11,800, which has decreased by -3.2% over the past 5 years. Millvale, Pittsburgh, PA is a less popular place for families, as children make up 13.7% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,800 | -3.2% |
% Under 18 | 13.7% | -22.6% |
% Seniors | 19.5% | -2.0% |
% WFH | 12.6% | 240.5% |
% w/ College Degree | 35.6% | 24.0% |
As of the latest ACS Survey released in 2023, Millvale, Pittsburgh, PA is a predominantly white area, with 90.0% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Millvale, Pittsburgh, PA is black, making up 3.2% of the population. Foreign-born residents account for 2.6% of the population in Millvale, Pittsburgh, PA, and this percentage has increased by 62.5% 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 | 90.0% | -4.3% |
% Black | 3.2% | 6.7% |
% Hispanic | 3.2% | 190.9% |
% Asian | 1.2% | 1,100.0% |
% Foreign Born | 2.6% | 62.5% |
Mortgage and Risk — Millvale, Pittsburgh, PA
According to HUD data as of 2023, there were 257 mortgage originations in Millvale, Pittsburgh, PA, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Millvale, Pittsburgh, PA. Investor activity is low, as 3.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 257 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Millvale, Pittsburgh, PA
As of 2024, the percent of homes in Millvale, Pittsburgh, PA under the Section 8 program is 3.6%. 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 and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Millvale, Pittsburgh, PA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 195 |
Total Units Section 8 | 85 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $875 | $1,030 |
| 2 Bedroom | -$40 | $1,280 | $1,240 |
| 3 Bedroom | $80 | $1,500 | $1,580 |
| 4 Bedroom | $200 | $1,500 | $1,700 |
Affordability — Millvale, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $232,000 |
| Median Household Income | $80,200 |