Penn Hills, Pittsburgh, PA—15235
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penn Hills, Pittsburgh, PA
As of Oct '25, the median home price in Penn Hills, Pittsburgh, PA is $169,000, with a year-over-year change of 0.9%. This indicates that home prices in Penn Hills, 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 | $169,000 | 0.9% |
| Single Family | $168,000 | 1.8% |
| Condos | $209,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | 0.0% |
3 Bed | $168,000 | 1.8% |
4 Bed | $231,000 | 3.1% |
| 5 Bed | $274,000 | 3.0% |
% of Housing Stock
Rental Trends — Penn Hills, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Penn Hills, Pittsburgh, PA is $1,360, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Penn Hills, Pittsburgh, PA is studios: $874, 1-bedrooms: $881, 2-bedrooms: $1,190, 3-bedrooms: $1,500, 4-bedrooms: $1,700. The most common rental property sizes in Penn Hills, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 36.1% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,360 |
| Studio Rent | $750 | $874 |
| 1 Bed Rent | $849 | $881 |
| 2 Bed Rent | $1,190 | $1,190 |
| 3 Bed Rent | $1,480 | $1,500 |
| 4 Bed Rent | $1,650 | $1,700 |
% of Rental Stock
Property Listings — Penn Hills, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Penn Hills, Pittsburgh, PA is 48. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $200,000 | 2.0% |
Listing Count | 150 | 2.0% |
| Listings as % of Homes | 0.7% | 2.0% |
Days on Market | 48 | 0.0% |
Demographics — Penn Hills, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Penn Hills, Pittsburgh, PA has a population of 33,800, which has decreased by -2.7% over the past 5 years. Penn Hills, Pittsburgh, PA is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 35.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | -2.7% |
% Under 18 | 19.6% | -1.0% |
% Seniors | 23.0% | 16.2% |
% WFH | 14.8% | 208.3% |
% w/ College Degree | 35.5% | -1.7% |
As of the latest ACS Survey released in 2023, Penn Hills, Pittsburgh, PA is a predominantly white area, with 51.0% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Penn Hills, Pittsburgh, PA is black, making up 39.7% of the population. Foreign-born residents account for 3.7% of the population in Penn Hills, Pittsburgh, PA, and this percentage has increased by 76.2% 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 | 51.0% | -6.8% |
% Black | 39.7% | 1.3% |
% Hispanic | 1.8% | 12.5% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 3.7% | 76.2% |
Mortgage and Risk — Penn Hills, Pittsburgh, PA
According to HUD data as of 2023, there were 748 mortgage originations in Penn Hills, Pittsburgh, PA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Penn Hills, Pittsburgh, PA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 748 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Penn Hills, Pittsburgh, PA
As of 2024, the percent of homes in Penn Hills, Pittsburgh, PA under the Section 8 program is 15.9%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Penn Hills, 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 | 1,155 |
Total Units Section 8 | 1,035 |
% Rentals under Section 8 | 15.9% |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $261 | $849 | $1,110 |
| 2 Bedroom | $140 | $1,190 | $1,330 |
| 3 Bedroom | $220 | $1,480 | $1,700 |
| 4 Bedroom | $180 | $1,650 | $1,830 |
Affordability — Penn Hills, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $169,000 |
| Median Household Income | $62,300 |