15237, Pittsburgh, PA

Pittsburgh is a city known for its history, its art, and its people. It is also a city that has seen its home equity and home prices rise significantly in recent years. According to Zillow, the median home value in Pittsburgh was $161,200 as of September 2017. This represents an increase of over 20% from the median home value of $138,700 recorded in September 2016.

The reasons for this increase are varied but likely include strong job growth and low interest rates. Additionally, Pittsburgh has seen an influx of young professionals who are looking for affordable housing options close to their work. As a result, the demand for homes in the 15237 zip code has outpaced the supply considerably over the past few years.

While this may be good news for homeowners who can afford to buy or rent a property in Pittsburgh, it may not be so great news for those who are looking to purchase a home outright. The average price of a single-family home in Pittsburgh rose by almost $40,000 between September 2016 and September 2017 alone (Zillow). This means that even if you can afford to make a down payment on a property in Pittsburgh today, you may find yourself facing significant challenges if you want to buy one within the next few years.