Squirrel Hill, Pittsburgh, PA—15217
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Squirrel Hill, Pittsburgh, PA
As of Oct '25, the median home price in Squirrel Hill, Pittsburgh, PA is $450,000, with a year-over-year change of 1.6%. This indicates that home prices in Squirrel Hill, Pittsburgh, PA are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $450,000 | 1.6% |
| Single Family | $455,000 | 2.0% |
| Condos | $358,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $177,000 | -1.1% |
2 Bed | $264,000 | 2.3% |
3 Bed | $356,000 | 0.8% |
4 Bed | $612,000 | 3.0% |
| 5 Bed | $887,000 | 3.7% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% of Rental Stock
Property Listings — Squirrel Hill, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Squirrel Hill, Pittsburgh, PA is 59. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $491,000 | 24.0% |
Listing Count | 85 | 12.0% |
| Listings as % of Homes | 0.6% | 12.0% |
Days on Market | 59 | 1.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $450,000 |
| Median Household Income | $91,700 |