The story of this market
The typical home in ZIP 15233 sells for about $253,000, or $158 per square foot.
Prices are down 34.9% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,144 a month.
ZIP 15233 — Pittsburgh
The 15233 housing market is currently experiencing a period of price correction and high vacancy, reflecting broader challenges in the urban core. While prices remain accessible compared to the national average, the high cost of property taxes and maintenance requirements necessitate careful investor due diligence. Market activity is currently balanced but remains sensitive to regional economic shifts.
This ZIP is best suited for urban-focused renters and investors who are comfortable navigating a high-vacancy, high-tax environment in exchange for proximity to the city center.
Median prices moved down 34.9% year over year.
Homes spend a median of 48 days on market with 3.2 months of supply — a fast-moving market.
14% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.5% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 15233, Allegheny County PA
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in this urban core area remain higher than the regional average, with property crime being the primary concern for residents.
Public schools serving this area are part of the Pittsburgh Public Schools district, which faces ongoing challenges regarding performance metrics and resource allocation.
The area is subject to standard urban flood risks associated with the Ohio River watershed and aging municipal drainage infrastructure.
Economic momentum is driven by proximity to the North Shore and Downtown Pittsburgh, though residential development within the ZIP itself remains limited.
Property taxes are levied by Allegheny County, the City of Pittsburgh, and the Pittsburgh School District, with a combined millage rate that is among the highest in the region.
Residents benefit from excellent access to the Pittsburgh central business district via the West End Bridge and major transit corridors.
The area offers proximity to the Ohio River trail systems and is within a short drive of the North Shore's professional sports stadiums and entertainment venues.
The rental market is characterized by high vacancy rates and steady demand from students and urban workers, though investor returns are often compressed by high tax burdens.
The local economy is anchored by the healthcare, education, and technology sectors prevalent in the broader Pittsburgh metropolitan area.
The area is served by Port Authority of Allegheny County bus routes and provides immediate access to major highway interchanges.
Development is focused on urban revitalization and infrastructure improvements to the bridges connecting the West End to Downtown.
Parcels are subject to City of Pittsburgh and Pittsburgh School District tax levies.
Property insurance premiums are rising due to regional weather patterns and the age of the local housing stock.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Kennywood4.39.9 mi
- Museum of Illusions Pittsburgh4.61.2 mi
- Dave & Buster's Pittsburgh - Homestead4.26.8 mi
- Dave & Buster's Pittsburgh - North Hills4.26.6 mi
- Sandcastle Water Park4.16.6 mi
- PNC Park4.81.2 mi
- PPG Paints Arena4.72.3 mi
- Acrisure Stadium4.70.8 mi
- Kennywood4.39.9 mi
- Phipps Conservatory and Botanical Gardens4.84.4 mi
- Sri Venkateswara Temple4.811.8 mi
- PNC Park4.81.2 mi
- Kennywood4.39.9 mi
- Pittsburgh Zoo & Aquarium4.55.9 mi
- Rivers Casino40.5 mi
- Kennywood4.39.9 mi
- Kamin Science Center4.40.8 mi
- Carnegie Museum of Natural History4.84.2 mi
- The Andy Warhol Museum4.61.4 mi
- Duquesne Incline4.71.2 mi
- Phipps Conservatory and Botanical Gardens4.84.4 mi
- Point State Park4.71.4 mi
- Pittsburgh Botanic Garden4.68 mi
- Schenley Park4.74.7 mi
- Frick Park4.86.7 mi
- Fox Chapel Yacht Club4.58.5 mi
- Sharpsburg Islands Marina4.55.8 mi
- Washington's Landing Marina4.62.7 mi
- McKee's Point Marina4.311.1 mi
- Beach Club Marina4.417.5 mi
- Topgolf Pittsburgh4.47.8 mi
- Puttery4.82 mi
- Grand View Golf Club3.99.7 mi
- Edgewood Country Club4.610.3 mi
- Scally's Golf Center4.59 mi
- Ross Park Mall4.46.2 mi
- South Hills Village4.47.9 mi
- The Mall at Robinson4.36.8 mi
- Monroeville Mall412.4 mi
- Bakery Square4.35.9 mi
- Pittsburgh International Airport4.311.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive walking and biking paths along the riverfront.
Offers panoramic views of the Pittsburgh skyline.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.