Market Snapshot
- Median listing price
- $179K
- Median rent
- $1,299/mo
- Days on market
- 310 days
- Gross rental yield
- 8.69%
The median listing price in Pittsburgh, PA ZIP 15221 is $179,350 as of July 2026.
The median market rent in Pittsburgh, PA ZIP 15221 is $1,299/month as of July 2026.
The median days on market in Pittsburgh, PA ZIP 15221 is 310 days as of July 2026. The market is currently neutral.
At a median list price of $179,350 and a median rent of $1,299/month, the gross rental yield in Pittsburgh, PA ZIP 15221 is 8.69% as of July 2026.
Pittsburgh, PA 15221 Real Estate Market Report
ZIP Code: 15221
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in the 15221 area are averaging approximately 6.5%, reflecting a stable market environment compared to the 6.25% rates observed at the start of 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market value indicator is the median sold price: 166,500 — this represents the most reliable signal of recent transaction activity and suggests realized values are below asking levels where the median listing price is 179,350, which may indicate pricing friction between seller expectations and closed transactions.
- The market shows a year-over-year price trend of up while the market temperature is neutral, suggesting stable to modest appreciation without a strong directional tilt; this combination points to a balanced market where neither side has a clear advantage.
- Liquidity appears slow: the median days on market is 310, which points to extended marketing times and slower sales velocity compared with faster-moving markets; sellers should expect longer listing durations and buyers may find more time to negotiate.
- Interest rate pressure is elevated with local 30-year fixed mortgage rates around 6.5% (compared to ~6.25% at the start of 2026), while rents are trending up and the median market rent is 1,299; investors and owner-occupiers should weigh higher financing costs against rising rental income potential, and plan financing stress tests accordingly.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 1.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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