Manchester, Pittsburgh, PA—15233
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manchester, Pittsburgh, PA
As of Oct '25, the median home price in Manchester, Pittsburgh, PA is $245,000, with a year-over-year change of 1.3%. This indicates that home prices in Manchester, Pittsburgh, PA are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 1.3% |
| Single Family | $244,000 | 1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $210,000 | 4.5% |
3 Bed | $240,000 | 0.8% |
4 Bed | $311,000 | -2.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Manchester, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Manchester, Pittsburgh, PA is $1,460, with a year-over-year rent change of -2.0%. Per bedroom, the median rent as of July '25 in Manchester, Pittsburgh, PA is studios: $1,300, 1-bedrooms: $1,180, 2-bedrooms: $1,580, 3-bedrooms: $1,960. The most common rental property sizes in Manchester, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 51.5% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,460 |
| Studio Rent | $1,300 | $1,300 |
| 1 Bed Rent | $1,200 | $1,180 |
| 2 Bed Rent | $1,300 | $1,580 |
| 3 Bed Rent | $2,000 | $1,960 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Manchester, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Manchester, Pittsburgh, PA is 126. This is a increase of 141.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 90.0% |
Listing Count | 21 | 38.0% |
| Listings as % of Homes | 1.2% | 38.0% |
Days on Market | 126 | 141.0% |
Demographics — Manchester, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Manchester, Pittsburgh, PA has a population of 2,920, which has decreased by -31.3% over the past 5 years. Manchester, Pittsburgh, PA is a less popular place for families, as children make up 12.6% of the population. The area has a highly educated workforce, with 46.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,920 | -31.3% |
% Under 18 | 12.6% | 22.3% |
% Seniors | 14.8% | 43.7% |
% WFH | 19.1% | 103.2% |
% w/ College Degree | 46.2% | 70.5% |
As of the latest ACS Survey released in 2023, Manchester, Pittsburgh, PA is a predominantly black area, with 48.7% of the population identifying as black. The black population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Manchester, Pittsburgh, PA is white, making up 41.1% of the population. Foreign-born residents account for 0.3% of the population in Manchester, Pittsburgh, PA, and this percentage has decreased by 88.0% 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 | 41.1% | -3.1% |
% Black | 48.7% | -5.4% |
% Hispanic | 2.4% | 4.3% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 0.3% | -88.0% |
Mortgage and Risk — Manchester, Pittsburgh, PA
According to HUD data as of 2023, there were 39 mortgage originations in Manchester, Pittsburgh, PA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Manchester, Pittsburgh, PA. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Manchester, Pittsburgh, PA
Manchester, Pittsburgh, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 496 |
Total Units Section 8 | 345 |
% Rentals under Section 8 | 35.6% |
% Occupied Section 8 | 77.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,200 | $1,070 |
| 2 Bedroom | -$20 | $1,300 | $1,280 |
| 3 Bedroom | -$370 | $2,000 | $1,630 |
| 4 Bedroom | N/A | N/A | $1,760 |
Affordability — Manchester, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $245,000 |
| Median Household Income | $71,900 |