Castle Shannon, Pittsburgh, PA—15234
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Castle Shannon, Pittsburgh, PA
As of Oct '25, the median home price in Castle Shannon, Pittsburgh, PA is $207,000, with a year-over-year change of 0.9%. This indicates that home prices in Castle Shannon, Pittsburgh, PA are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 0.9% |
| Single Family | $205,000 | 0.5% |
| Condos | $265,000 | 3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $182,000 | 0.6% |
3 Bed | $211,000 | 0.5% |
4 Bed | $274,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Castle Shannon, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Castle Shannon, Pittsburgh, PA is $1,430, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Castle Shannon, Pittsburgh, PA is 1-bedrooms: $954, 2-bedrooms: $1,310, 3-bedrooms: $1,560, 4-bedrooms: $2,720. The most common rental property sizes in Castle Shannon, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 42.6% and 40.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,430 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $960 | $954 |
| 2 Bed Rent | $1,300 | $1,310 |
| 3 Bed Rent | $1,550 | $1,560 |
| 4 Bed Rent | $2,450 | $2,720 |
% of Rental Stock
Property Listings — Castle Shannon, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Castle Shannon, Pittsburgh, PA is 35. This is a increase of 46.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 4.0% |
Listing Count | 50 | 25.0% |
| Listings as % of Homes | 0.4% | 25.0% |
Days on Market | 35 | 46.0% |
Demographics — Castle Shannon, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Castle Shannon, Pittsburgh, PA has a population of 14,300, which has increased by 5.0% over the past 5 years. Castle Shannon, Pittsburgh, PA is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 38.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 5.0% |
% Under 18 | 18.6% | 7.5% |
% Seniors | 20.0% | -2.9% |
% WFH | 13.0% | 170.8% |
% w/ College Degree | 38.9% | 15.4% |
As of the latest ACS Survey released in 2023, Castle Shannon, Pittsburgh, PA is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Castle Shannon, Pittsburgh, PA is black, making up 3.0% of the population. Foreign-born residents account for 6.0% of the population in Castle Shannon, Pittsburgh, PA, and this percentage has increased by 15.4% 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 | 88.5% | -3.9% |
% Black | 3.0% | 233.3% |
% Hispanic | 2.7% | 145.5% |
% Asian | 2.1% | -58.0% |
% Foreign Born | 6.0% | 15.4% |
Mortgage and Risk — Castle Shannon, Pittsburgh, PA
According to HUD data as of 2023, there were 203 mortgage originations in Castle Shannon, Pittsburgh, PA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Castle Shannon, Pittsburgh, PA. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Castle Shannon, Pittsburgh, PA
As of 2024, the percent of homes in Castle Shannon, Pittsburgh, PA under the Section 8 program is 7.4%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Castle Shannon, 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 | 163 |
Total Units Section 8 | 163 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 76.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $960 | $1,080 |
| 2 Bedroom | $0 | $1,300 | $1,300 |
| 3 Bedroom | $110 | $1,550 | $1,660 |
| 4 Bedroom | -$660 | $2,450 | $1,790 |
Affordability — Castle Shannon, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $207,000 |
| Median Household Income | $75,800 |