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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −14.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +18.3% YoY, is the number to watch.
The median listing price is down 14.7% YoY while the median home got down 10.0% bigger, so value per square foot is down 10.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 7 BR (no price per sq ft reported).
At the median, a $276K purchase rents for $1,645/mo: 0.60% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 54 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 15203 itself, not its parent county.
Renters hold 62.1% of this ZIP's 5,902 occupied households, on a median household income of $67K.
| Measure | ZIP 15203 | Allegheny County | Difference |
|---|---|---|---|
| Median Household Income | $67K | $79K | -$11K |
| Below Poverty Level | 18.4% | 11.5% | +6.9% |
| Median Age | 30.20 | 40.60 | -10.40 |
| Total Population | 10,370 | 1,238,177 | -- |
| Avg Household Size | 1.75 | 2.20 | -0.45 |
| Owner-Occupied | 37.9% | 65.2% | -27.3% |
| Worked From Home | 28.6% | 21.1% | +7.5% |
| Mean Commute | 20.50 | 25.20 | -4.70 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.2% to 1,238,177: residents under 18 are down 0.9% and those 65 and over are up 2.0%.
County median household income is $79K, 11.5% of residents are below the poverty level, 21.1% work from home.