Market Snapshot
- Median listing price
- $200K
- Median rent
- $1,195/mo
- Days on market
- 271 days
- Gross rental yield
- 7.17%
- STR vs LTR
- $1,092/mo STR · $1,195/mo LTR
The median listing price in Pittsburgh, PA ZIP 15227 is $199,900 as of May 2026.
The median market rent in Pittsburgh, PA ZIP 15227 is $1,195/month as of May 2026.
The median days on market in Pittsburgh, PA ZIP 15227 is 271 days as of May 2026. The market is currently neutral.
At a median list price of $199,900 and a median rent of $1,195/month, the gross rental yield in Pittsburgh, PA ZIP 15227 is 7.17% as of May 2026.
In Pittsburgh, PA ZIP 15227, median Airbnb revenue is $1,092/month compared to median long-term rent of $1,195/month as of May 2026.
Pittsburgh, PA 15227 Real Estate Market Report
ZIP Code: 15227
Report Date: May 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 15227 area are approximately 6.4% compared to the 6.18% average observed during the first two months of 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of recent market value is the median sold price of 187,000, which points to a representative recent sale level for the ZIP code and should drive valuation conversations for both SFR and condominium inventory.
- There is a spread between the median listing price of 199,900 and the median sold price of 187,000, which may indicate pricing friction with sellers setting ask prices above recent transaction levels; agents should emphasize comparable solds when counseling sellers.
- Transaction velocity appears slow given the median days on market of 271, which suggests slower sales velocity and that buyers will have time to negotiate; this aligns with the neutral market temperature and may require targeted marketing or price adjustments to accelerate closings.
- Macro and rental context: year-over-year price trend is down while year-over-year rent trend is up, and interest rate pressure is reported as elevated; these signals together suggest cautious buyer sentiment and opportunities for investors focused on rental income, given the median market rent of 1,195 and a median price per square foot of 162.
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 at 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.
Sold below market average
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, 6.37% rate, 1.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/13/2026
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