Neville Island, Pittsburgh, PA—15225
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Neville Island, Pittsburgh, PA
As of Oct '25, the median home price in Neville Island, Pittsburgh, PA is $147,000, with a year-over-year change of -1.8%. This indicates that home prices in Neville Island, Pittsburgh, PA are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | -1.8% |
| Single Family | $146,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $126,000 | -2.3% |
3 Bed | $172,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Neville Island, Pittsburgh, PA
As of July '25, Rentcast reports the average rent in Neville Island, Pittsburgh, PA is $874, with a year-over-year rent change of -16.0%. Per bedroom, the median rent as of July '25 in Neville Island, Pittsburgh, PA is 1-bedrooms: $808, 2-bedrooms: $896. The most common rental property sizes in Neville Island, Pittsburgh, PA are 2-bedroom and 3-bedroom, accounting for 62.9% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $874 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $808 |
| 2 Bed Rent | $695 | $896 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Neville Island, Pittsburgh, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Neville Island, Pittsburgh, PA is 8. This is a decrease of -45.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $130,000 | -31.0% |
Listing Count | 1 | 0.0% |
| Listings as % of Homes | 0.3% | 0.0% |
Days on Market | 8 | -45.0% |
Demographics — Neville Island, Pittsburgh, PA
As of the latest ACS Survey released in 2023, Neville Island, Pittsburgh, PA has a population of 1,030, which has remained stable by -0.4% over the past 5 years. Neville Island, Pittsburgh, PA is a less popular place for families, as children make up 13.6% of the population. The area has a moderately educated workforce, with 27.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,030 | -0.4% |
% Under 18 | 13.6% | 3.0% |
% Seniors | 24.0% | 7.6% |
% WFH | 13.3% | 504.5% |
% w/ College Degree | 27.5% | 29.7% |
As of the latest ACS Survey released in 2023, Neville Island, Pittsburgh, PA is a predominantly white area, with 88.4% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Neville Island, Pittsburgh, PA is hispanic, making up 4.4% of the population. Foreign-born residents account for 3.3% of the population in Neville Island, Pittsburgh, PA, and this percentage has increased by 135.7% 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 | 88.4% | 2.7% |
% Black | 3.5% | -34.0% |
% Hispanic | 4.4% | -6.4% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 3.3% | 135.7% |
Mortgage and Risk — Neville Island, Pittsburgh, PA
According to HUD data as of 2023, there were 16 mortgage originations in Neville Island, Pittsburgh, PA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Neville Island, Pittsburgh, PA. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 16 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Neville Island, Pittsburgh, PA
Neville Island, Pittsburgh, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $850 | $920 |
| 2 Bedroom | $405 | $695 | $1,100 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Neville Island, Pittsburgh, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $147,000 |
| Median Household Income | $59,600 |