Bloomfield, Pittsburgh, PA—15224
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bloomfield, Pittsburgh, PA
As of Oct '25, the median home price in Bloomfield, Pittsburgh, PA is $263,000, with a year-over-year change of 0.1%. This indicates that home prices in Bloomfield, Pittsburgh, PA are flat. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 0.1% |
| Single Family | $262,000 | -0.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $220,000 | -0.5% |
3 Bed | $279,000 | 0.7% |
4 Bed | $343,000 | 1.2% |
| 5 Bed | $467,000 | -0.8% |
% of Housing Stock
Rental Trends — Bloomfield, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Bloomfield, Pittsburgh, PA is $1,550, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Bloomfield, Pittsburgh, PA is studios: $1,050, 1-bedrooms: $1,250, 2-bedrooms: $1,570, 3-bedrooms: $2,040, 4-bedrooms: $2,000. The most common rental property sizes in Bloomfield, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 41.6% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,550 |
| Studio Rent | $975 | $1,050 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,520 | $1,570 |
| 3 Bed Rent | $1,950 | $2,040 |
| 4 Bed Rent | $2,000 | $2,000 |
% of Rental Stock
Property Listings — Bloomfield, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Bloomfield, Pittsburgh, PA is 52. This is a increase of 24.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 3.0% |
Listing Count | 38 | -3.0% |
| Listings as % of Homes | 0.6% | -3.0% |
Days on Market | 52 | 24.0% |
Demographics — Bloomfield, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Bloomfield, Pittsburgh, PA has a population of 10,500, which has decreased by -6.6% over the past 5 years. Bloomfield, Pittsburgh, PA is a less popular place for families, as children make up 12.5% of the population. The area has a highly educated workforce, with 55.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,500 | -6.6% |
% Under 18 | 12.5% | 1.6% |
% Seniors | 15.6% | 2.6% |
% WFH | 24.0% | 421.7% |
% w/ College Degree | 55.1% | 23.5% |
As of the latest ACS Survey released in 2023, Bloomfield, Pittsburgh, PA is a predominantly white area, with 68.8% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Bloomfield, Pittsburgh, PA is black, making up 18.7% of the population. Foreign-born residents account for 8.3% of the population in Bloomfield, Pittsburgh, PA, and this percentage has increased by 33.9% 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 | 68.8% | -1.7% |
% Black | 18.7% | -13.8% |
% Hispanic | 4.2% | 5.0% |
% Asian | 4.9% | 69.0% |
% Foreign Born | 8.3% | 33.9% |
Mortgage and Risk — Bloomfield, Pittsburgh, PA
According to HUD data as of 2023, there were 124 mortgage originations in Bloomfield, Pittsburgh, PA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Bloomfield, Pittsburgh, PA. Investor activity is low, as 7.0% 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 | 124 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Bloomfield, Pittsburgh, PA
As of 2024, the percent of homes in Bloomfield, Pittsburgh, PA under the Section 8 program is 11.0%. 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 Bloomfield, 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 | 582 |
Total Units Section 8 | 397 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 74.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,200 | $1,330 |
| 2 Bedroom | $80 | $1,520 | $1,600 |
| 3 Bedroom | $90 | $1,950 | $2,040 |
| 4 Bedroom | $200 | $2,000 | $2,200 |
Affordability — Bloomfield, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $263,000 |
| Median Household Income | $66,000 |