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Best Neighborhoods in Pittsburgh, PA for Rental Property Investors
City Median Price
$250,000
City Median Rent
$1,300/mo
City DSCR (75% LTV)
0.80
Neighborhoods
6
Pittsburgh has reinvented itself from a steel town into a healthcare and technology hub anchored by UPMC and Carnegie Mellon University. The city offers affordable housing with a distinct neighborhood character, and its hilly terrain creates micro-markets with varying investment profiles.
Lawrenceville
ZIP: 15201Lawrenceville is Pittsburgh hottest neighborhood with Butler Street restaurants, galleries, and boutiques. Row houses have appreciated dramatically over the past decade. Premium rents and continued development make this a strong hold for long-term investors.
Bloomfield
ZIP: 15224Bloomfield is Pittsburgh Little Italy with Liberty Avenue restaurants and a strong community identity. Properties are more affordable than neighboring Lawrenceville with similar character. Duplexes and triplexes are common and rent well.
Brookline
ZIP: 15226Brookline is a working-class south hills neighborhood with affordable homes and a commercial corridor along Brookline Boulevard. The area attracts families and blue-collar tenants who stay long-term. Solid cash flow without the management headaches of lower-tier areas.
Homewood
ZIP: 15208Homewood offers the lowest entry points in Pittsburgh with properties available under one hundred thousand dollars. Community development organizations are active in the area. Investors should partner with experienced local property managers and expect higher maintenance costs.
Squirrel Hill
ZIP: 15217Squirrel Hill is an established residential neighborhood near Carnegie Mellon and the University of Pittsburgh with excellent schools and walkable shopping along Murray and Forbes Avenues. Properties attract academic professionals and graduate students.
Garfield
ZIP: 15224Garfield is a transitional neighborhood adjacent to hot Lawrenceville with emerging arts spaces and new restaurants on Penn Avenue. Investors who renovate properties here can benefit from spillover appreciation. Active community organizations support revitalization.
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