Shadyside, Pittsburgh, PA—15232
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shadyside, Pittsburgh, PA
As of Oct '25, the median home price in Shadyside, Pittsburgh, PA is $481,000, with a year-over-year change of -1.7%. This indicates that home prices in Shadyside, Pittsburgh, PA are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $481,000 | -1.7% |
| Single Family | $617,000 | -1.8% |
| Condos | $321,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $216,000 | 0.5% |
2 Bed | $354,000 | -1.4% |
3 Bed | $524,000 | -0.8% |
4 Bed | $844,000 | -0.6% |
| 5 Bed | $1,078,000 | -2.6% |
% of Housing Stock
Rental Trends — Shadyside, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Shadyside, Pittsburgh, PA is $1,690, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Shadyside, Pittsburgh, PA is studios: $1,030, 1-bedrooms: $1,330, 2-bedrooms: $1,840, 3-bedrooms: $2,520, 4-bedrooms: $3,680. The most common rental property sizes in Shadyside, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 50.0% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,460 | $1,690 |
| Studio Rent | $995 | $1,030 |
| 1 Bed Rent | $1,340 | $1,330 |
| 2 Bed Rent | $1,650 | $1,840 |
| 3 Bed Rent | $2,500 | $2,520 |
| 4 Bed Rent | $2,600 | $3,680 |
% of Rental Stock
Property Listings — Shadyside, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shadyside, Pittsburgh, PA is 70. This is a increase of 3.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $750,000 | 56.0% |
Listing Count | 41 | 40.0% |
| Listings as % of Homes | 0.4% | 40.0% |
Days on Market | 70 | 3.0% |
Demographics — Shadyside, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Shadyside, Pittsburgh, PA has a population of 11,400, which has remained stable by 0.4% over the past 5 years. Shadyside, Pittsburgh, PA is a less popular place for families, as children make up 7.5% of the population. The area has a highly educated workforce, with 80.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,400 | 0.4% |
% Under 18 | 7.5% | 41.5% |
% Seniors | 13.2% | 32.0% |
% WFH | 26.2% | 329.5% |
% w/ College Degree | 80.6% | -4.8% |
As of the latest ACS Survey released in 2023, Shadyside, Pittsburgh, PA is a predominantly white area, with 68.2% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Shadyside, Pittsburgh, PA is asian, making up 13.9% of the population. Foreign-born residents account for 18.8% of the population in Shadyside, Pittsburgh, PA, and this percentage has decreased by 13.0% 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 | 68.2% | -5.7% |
% Black | 6.0% | 42.9% |
% Hispanic | 8.2% | 148.5% |
% Asian | 13.9% | -16.8% |
% Foreign Born | 18.8% | -13.0% |
Mortgage and Risk — Shadyside, Pittsburgh, PA
According to HUD data as of 2023, there were 87 mortgage originations in Shadyside, Pittsburgh, PA, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Shadyside, Pittsburgh, PA. Investor activity is low, as 5.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 87 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 5.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Shadyside, Pittsburgh, PA
As of 2024, the percent of homes in Shadyside, Pittsburgh, PA under the Section 8 program is 0.4%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Shadyside, Pittsburgh, PA, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 31 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 60.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,340 | $1,600 |
| 2 Bedroom | $270 | $1,650 | $1,920 |
| 3 Bedroom | -$50 | $2,500 | $2,450 |
| 4 Bedroom | $40 | $2,600 | $2,640 |
Affordability — Shadyside, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $481,000 |
| Median Household Income | $66,100 |