Downtown, Pittsburgh, PA—15222
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown, Pittsburgh, PA
As of Nov '25, the median home price in Downtown, Pittsburgh, PA is $455,000, with a year-over-year change of -4.9%. This indicates that home prices in Downtown, 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 | $455,000 | -4.9% |
| Single Family | $605,000 | -2.1% |
| Condos | $431,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $295,000 | -3.3% |
2 Bed | $541,000 | -5.6% |
3 Bed | $832,000 | -0.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Downtown, Pittsburgh, PA is $2,040, with a year-over-year rent change of -7.7%. Per bedroom, the median rent as of July '25 in Downtown, Pittsburgh, PA is studios: $1,590, 1-bedrooms: $1,730, 2-bedrooms: $2,580, 3-bedrooms: $4,410. The most common rental property sizes in Downtown, Pittsburgh, PA are 1-bedroom and 2-bedroom, accounting for 62.9% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $2,040 |
| Studio Rent | $1,600 | $1,590 |
| 1 Bed Rent | $1,500 | $1,730 |
| 2 Bed Rent | $2,060 | $2,580 |
| 3 Bed Rent | $3,300 | $4,410 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown, Pittsburgh, PA
As of Nov '25, Realtor.com reports that the median days on market for a home in Downtown, Pittsburgh, PA is 81. This is a decrease of -7.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | -10.0% |
Listing Count | 67 | -16.0% |
| Listings as % of Homes | 1.9% | -16.0% |
Days on Market | 81 | -7.0% |
Demographics — Downtown, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Downtown, Pittsburgh, PA has a population of 5,650, which has increased by 15.3% over the past 5 years. Downtown, Pittsburgh, PA is a less popular place for families, as children make up 2.8% of the population. The area has a highly educated workforce, with 76.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,650 | 15.3% |
% Under 18 | 2.8% | 0.0% |
% Seniors | 12.0% | 34.8% |
% WFH | 22.0% | 228.4% |
% w/ College Degree | 76.6% | 0.8% |
As of the latest ACS Survey released in 2023, Downtown, Pittsburgh, PA is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Downtown, Pittsburgh, PA is asian, making up 12.7% of the population. Foreign-born residents account for 13.8% of the population in Downtown, Pittsburgh, PA, and this percentage has increased by 35.3% 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 | 71.2% | -10.6% |
% Black | 7.5% | 7.1% |
% Hispanic | 3.5% | -5.4% |
% Asian | 12.7% | 67.1% |
% Foreign Born | 13.8% | 35.3% |
Mortgage and Risk — Downtown, Pittsburgh, PA
According to HUD data as of 2023, there were 64 mortgage originations in Downtown, Pittsburgh, PA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Downtown, Pittsburgh, PA. Investor activity is low, as 8.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 8.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 3.0% |
Rentals and Section 8 — Downtown, Pittsburgh, PA
Downtown, Pittsburgh, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 476 |
Total Units Section 8 | 476 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 70.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,500 | $1,600 |
| 2 Bedroom | -$140 | $2,060 | $1,920 |
| 3 Bedroom | -$850 | $3,300 | $2,450 |
| 4 Bedroom | N/A | N/A | $2,640 |
Affordability — Downtown, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $455,000 |
| Median Household Income | $112,000 |