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Squirrel Hill, Pittsburgh, PA—15217

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$477,000
3.0% YoY Growth
Household Income
$91,700
21.3% YoY Growth
Days on Market
49
106.0% Longer YoY
Home Price Forecast
-0.4%
Median Rent
$1,500
4.9% YoY Growth
1-Bed Rent
$1,260
10.6% YoY Growth
2-Bed Rent
$1,600
3.8% YoY Growth
3-Bed Rent
$1,950
1.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Squirrel Hill, Pittsburgh, PA

As of May '26, the median home price in Squirrel Hill, Pittsburgh, PA is $477,000, with a year-over-year change of 3.0%. This indicates that home prices in Squirrel Hill, Pittsburgh, PA are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$477,0003.0%
Single Family $483,0003.2%
Condos $369,0004.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $181,000
    -2.7%
    2 Bed
    		$275,0002.2%
    3 Bed
    		$375,0002.2%
    4 Bed
    		$651,0003.5%
    5 Bed $941,3553.7%
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    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    21.4%
    2 Bedrooms
    19.6%
    3 Bedrooms
    32.7%
    4 Bedrooms
    15.3%
    5+ Bedrooms
    9.6%

    Rental Trends — Squirrel Hill, Pittsburgh, PA

    As of July '25, Rentcast reports the average rent in Squirrel Hill, Pittsburgh, PA is $1,710, with a year-over-year rent change of 4.9%. Per bedroom, the median rent as of July '25 in Squirrel Hill, Pittsburgh, PA is studios: $1,030, 1-bedrooms: $1,250, 2-bedrooms: $1,640, 3-bedrooms: $2,070, 4-bedrooms: $2,690. The most common rental property sizes in Squirrel Hill, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 38.7% and 29.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,710
    Studio Rent $995$1,030
    1 Bed Rent $1,260$1,250
    2 Bed Rent $1,600$1,640
    3 Bed Rent $1,950$2,070
    4 Bed Rent $2,800$2,690
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    38.7%
    2 Bedrooms
    29.0%
    3 Bedrooms
    23.0%
    4 Bedrooms
    5.4%
    5+ Bedrooms
    1.1%

    Property Listings — Squirrel Hill, Pittsburgh, PA

    As of May '26, Realtor.com reports that the median days on market for a home in Squirrel Hill, Pittsburgh, PA is 49. This is a increase of 106.0% from last year, suggesting that homes are sitting on the market longer 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$462,000-7.0%
    Listing Count
    		10313.0%
    Listings as % of Homes0.6%13.0%
    Days on Market
    		49106.0%
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    Demographics — Squirrel Hill, Pittsburgh, PA

    As of the latest ACS Survey released in 2023, Squirrel Hill, Pittsburgh, PA has a population of 26,200, which has decreased by -5.6% over the past 5 years. Squirrel Hill, Pittsburgh, PA is a moderately popular place for families, as children make up 18.1% of the population. The area has a highly educated workforce, with 73.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,200-5.6%
    % Under 18
    		18.1%11.0%
    % Seniors
    		19.9%12.4%
    % WFH
    		25.2%219.0%
    % w/ College Degree
    		73.7%1.4%
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    As of the latest ACS Survey released in 2023, Squirrel Hill, Pittsburgh, PA is a predominantly white area, with 72.8% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Squirrel Hill, Pittsburgh, PA is asian, making up 10.1% of the population. Foreign-born residents account for 19.5% of the population in Squirrel Hill, Pittsburgh, PA, and this percentage has decreased by 6.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		72.8%-4.7%
    % Black
    		5.4%35.0%
    % Hispanic
    		5.9%63.9%
    % Asian
    		10.1%-24.6%
    % Foreign Born
    		19.5%-6.2%
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    Mortgage and Risk — Squirrel Hill, Pittsburgh, PA

    According to HUD data as of 2023, there were 299 mortgage originations in Squirrel Hill, Pittsburgh, PA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Squirrel Hill, 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

    MetricZip Code Average
    Total Loan Originations
    		299
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		3.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		6.0%
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    Rentals and Section 8 — Squirrel Hill, Pittsburgh, PA

    As of 2024, the percent of homes in Squirrel Hill, Pittsburgh, PA under the Section 8 program is 6.1%. 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 units appear to be good home sizes to consider for Section 8 housing in Squirrel Hill, Pittsburgh, PA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		409
    Total Units Section 8
    		383
    % Rentals under Section 8
    		6.1%
    % Occupied Section 8
    		82.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$60$1,260$1,320
    2 Bedroom-$20$1,600$1,580
    3 Bedroom$60$1,950$2,010
    4 Bedroom-$630$2,800$2,170

    Affordability — Squirrel Hill, Pittsburgh, PA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$477,000
    Median Household Income$91,700

    Squirrel Hill, Pittsburgh, PA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions