Oakland, Pittsburgh, PA—15213
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oakland, Pittsburgh, PA
As of Nov '25, the median home price in Oakland, Pittsburgh, PA is $260,000, with a year-over-year change of -2.6%. This indicates that home prices in Oakland, Pittsburgh, PA are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | -2.6% |
| Single Family | $265,000 | -5.7% |
| Condos | $247,000 | 2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $176,000 | 1.7% |
2 Bed | $236,000 | 0.4% |
3 Bed | $270,000 | -3.6% |
4 Bed | $294,000 | -3.9% |
| 5 Bed | $423,271 | -4.5% |
% of Housing Stock
Rental Trends — Oakland, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Oakland, Pittsburgh, PA is $1,640, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Oakland, Pittsburgh, PA is studios: $1,060, 1-bedrooms: $1,320, 2-bedrooms: $1,600, 3-bedrooms: $2,090, 4-bedrooms: $2,040. The most common rental property sizes in Oakland, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 43.2% and 19.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,640 |
| Studio Rent | $1,050 | $1,060 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,590 | $1,600 |
| 3 Bed Rent | $1,790 | $2,090 |
| 4 Bed Rent | $2,000 | $2,040 |
% of Rental Stock
Property Listings — Oakland, Pittsburgh, PA
As of Nov '25, Realtor.com reports that the median days on market for a home in Oakland, Pittsburgh, PA is 81. This is a decrease of -2.0% 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 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | -4.0% |
Listing Count | 90 | 58.0% |
| Listings as % of Homes | 0.4% | 58.0% |
Days on Market | 81 | -2.0% |
Demographics — Oakland, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Oakland, Pittsburgh, PA has a population of 29,800, which has increased by 6.4% over the past 5 years. Oakland, Pittsburgh, PA is a less popular place for families, as children make up 3.6% of the population. The area has a highly educated workforce, with 63.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,800 | 6.4% |
% Under 18 | 3.6% | 5.9% |
% Seniors | 8.0% | -20.0% |
% WFH | 14.3% | 164.8% |
% w/ College Degree | 63.8% | 7.0% |
As of the latest ACS Survey released in 2023, Oakland, Pittsburgh, PA is a predominantly white area, with 63.1% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Oakland, Pittsburgh, PA is asian, making up 17.8% of the population. Foreign-born residents account for 15.7% of the population in Oakland, Pittsburgh, PA, and this percentage has decreased by 1.9% 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 | 63.1% | -3.8% |
% Black | 11.5% | -3.4% |
% Hispanic | 3.7% | 27.6% |
% Asian | 17.8% | 7.9% |
% Foreign Born | 15.7% | -1.9% |
Mortgage and Risk — Oakland, Pittsburgh, PA
According to HUD data as of 2023, there were 130 mortgage originations in Oakland, Pittsburgh, PA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Oakland, Pittsburgh, PA. Investor activity is low, as 8.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 130 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 8.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Oakland, Pittsburgh, PA
As of 2024, the percent of homes in Oakland, Pittsburgh, PA under the Section 8 program is 12.1%. 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. In Oakland, 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 | 859 |
Total Units Section 8 | 799 |
% Rentals under Section 8 | 12.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,300 | $1,340 |
| 2 Bedroom | $20 | $1,590 | $1,610 |
| 3 Bedroom | $260 | $1,790 | $2,050 |
| 4 Bedroom | $210 | $2,000 | $2,210 |
Affordability — Oakland, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.1 |
| Median Home Price | $260,000 |
| Median Household Income | $31,300 |