Mount Lebanon, Pittsburgh, PA—15228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mount Lebanon, Pittsburgh, PA
As of Oct '25, the median home price in Mount Lebanon, Pittsburgh, PA is $404,000, with a year-over-year change of 1.8%. This indicates that home prices in Mount Lebanon, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $404,000 | 1.8% |
| Single Family | $418,000 | 2.0% |
| Condos | $189,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $144,000 | 0.0% |
2 Bed | $250,000 | 1.6% |
3 Bed | $362,000 | 2.0% |
4 Bed | $567,000 | 2.5% |
| 5 Bed | $779,000 | 2.4% |
% of Housing Stock
Rental Trends — Mount Lebanon, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Mount Lebanon, Pittsburgh, PA is $1,390, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Mount Lebanon, Pittsburgh, PA is studios: $727, 1-bedrooms: $1,020, 2-bedrooms: $1,270, 3-bedrooms: $1,840, 4-bedrooms: $3,750. The most common rental property sizes in Mount Lebanon, Pittsburgh, PA are 2-bedroom and 1-bedroom, accounting for 34.1% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,390 |
| Studio Rent | $725 | $727 |
| 1 Bed Rent | $950 | $1,020 |
| 2 Bed Rent | $1,300 | $1,270 |
| 3 Bed Rent | $1,820 | $1,840 |
| 4 Bed Rent | $3,750 | $3,750 |
% of Rental Stock
Property Listings — Mount Lebanon, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Mount Lebanon, Pittsburgh, PA is 34. This is a decrease of -22.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $363,000 | -29.0% |
Listing Count | 47 | 12.0% |
| Listings as % of Homes | 0.4% | 12.0% |
Days on Market | 34 | -22.0% |
Demographics — Mount Lebanon, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Mount Lebanon, Pittsburgh, PA has a population of 18,200, which has increased by 2.7% over the past 5 years. Mount Lebanon, Pittsburgh, PA is a popular place for families, as children make up 25.6% of the population. The area has a highly educated workforce, with 66.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,200 | 2.7% |
% Under 18 | 25.6% | 6.7% |
% Seniors | 16.7% | -4.0% |
% WFH | 29.3% | 357.8% |
% w/ College Degree | 66.8% | -6.2% |
As of the latest ACS Survey released in 2023, Mount Lebanon, Pittsburgh, PA is a predominantly white area, with 89.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Mount Lebanon, Pittsburgh, PA is hispanic, making up 2.9% of the population. Foreign-born residents account for 7.2% of the population in Mount Lebanon, Pittsburgh, PA, and this percentage has decreased by 20.0% 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 | 89.0% | -2.9% |
% Black | 1.2% | 20.0% |
% Hispanic | 2.9% | 81.2% |
% Asian | 2.0% | -48.7% |
% Foreign Born | 7.2% | -20.0% |
Mortgage and Risk — Mount Lebanon, Pittsburgh, PA
According to HUD data as of 2023, there were 455 mortgage originations in Mount Lebanon, Pittsburgh, PA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Mount Lebanon, Pittsburgh, PA. Investor activity is low, as 2.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 455 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Mount Lebanon, Pittsburgh, PA
As of 2024, the percent of homes in Mount Lebanon, Pittsburgh, PA under the Section 8 program is 3.1%. 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 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mount Lebanon, Pittsburgh, PA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $250 | $950 | $1,200 |
| 2 Bedroom | $140 | $1,300 | $1,440 |
| 3 Bedroom | $20 | $1,820 | $1,840 |
| 4 Bedroom | -$1,770 | $3,750 | $1,980 |
Affordability — Mount Lebanon, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $404,000 |
| Median Household Income | $131,000 |