Perry North, Pittsburgh, PA—15214
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Perry North, Pittsburgh, PA
As of Oct '25, the median home price in Perry North, Pittsburgh, PA is $166,000, with a year-over-year change of -0.5%. This indicates that home prices in Perry North, Pittsburgh, PA are flat. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | -0.5% |
| Single Family | $166,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $130,000 | -3.0% |
3 Bed | $179,000 | -0.6% |
4 Bed | $195,000 | 2.6% |
| 5 Bed | $210,000 | 3.4% |
% of Housing Stock
Rental Trends — Perry North, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Perry North, Pittsburgh, PA is $1,570, with a year-over-year rent change of 16.3%. Per bedroom, the median rent as of July '25 in Perry North, Pittsburgh, PA is studios: $1,050, 1-bedrooms: $892, 2-bedrooms: $1,460, 3-bedrooms: $1,940, 4-bedrooms: $1,690. The most common rental property sizes in Perry North, Pittsburgh, PA are 3-bedroom and 2-bedroom, accounting for 35.4% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,570 |
| Studio Rent | $1,050 | $1,050 |
| 1 Bed Rent | $795 | $892 |
| 2 Bed Rent | $1,310 | $1,460 |
| 3 Bed Rent | $1,600 | $1,940 |
| 4 Bed Rent | $1,580 | $1,690 |
% of Rental Stock
Property Listings — Perry North, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Perry North, Pittsburgh, PA is 48. 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | -5.0% |
Listing Count | 63 | 5.0% |
| Listings as % of Homes | 0.5% | 5.0% |
Days on Market | 48 | 3.0% |
Demographics — Perry North, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Perry North, Pittsburgh, PA has a population of 14,800, which has increased by 11.6% over the past 5 years. Perry North, Pittsburgh, PA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,800 | 11.6% |
% Under 18 | 21.7% | 5.3% |
% Seniors | 17.2% | 8.2% |
% WFH | 14.6% | 160.7% |
% w/ College Degree | 28.9% | -4.0% |
As of the latest ACS Survey released in 2023, Perry North, Pittsburgh, PA is a predominantly white area, with 56.2% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Perry North, Pittsburgh, PA is black, making up 37.0% of the population. Foreign-born residents account for 6.6% of the population in Perry North, Pittsburgh, PA, and this percentage has increased by 37.5% 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 | 56.2% | -2.4% |
% Black | 37.0% | -3.4% |
% Hispanic | 1.5% | -34.8% |
% Asian | 0.7% | 75.0% |
% Foreign Born | 6.6% | 37.5% |
Mortgage and Risk — Perry North, Pittsburgh, PA
According to HUD data as of 2023, there were 253 mortgage originations in Perry North, Pittsburgh, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Perry North, Pittsburgh, PA. Investor activity is low, as 3.0% 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 | 253 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Perry North, Pittsburgh, PA
As of 2024, the percent of homes in Perry North, Pittsburgh, PA under the Section 8 program is 23.2%. 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 Perry North, 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 | 1,087 |
Total Units Section 8 | 523 |
% Rentals under Section 8 | 23.2% |
% Occupied Section 8 | 73.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $335 | $795 | $1,130 |
| 2 Bedroom | $40 | $1,310 | $1,350 |
| 3 Bedroom | $120 | $1,600 | $1,720 |
| 4 Bedroom | $270 | $1,580 | $1,850 |
Affordability — Perry North, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $166,000 |
| Median Household Income | $60,000 |