Allegheny County Home Prices & Values

$122,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.9% 1-year change
  • 3.3% 1-year forecast

The median home value in Allegheny County is $122,500. Allegheny County home values have gone up 10.9% over the past year and Zillow predicts they will rise 3.3% within the next year. The median list price per square foot in Allegheny County is $105, which is higher than the Pittsburgh Metro average of $103. The median price of homes currently listed in Allegheny County is $158,000 while the median price of homes that sold is $139,000. The median rent price in Allegheny County is $1,030, which is higher than the Pittsburgh Metro median of $1,000.

Foreclosures will be a factor impacting home values in the next several years. In Allegheny County 0.0 homes are foreclosed (per 10,000). This is lower than the Pittsburgh Metro value of 1.2 and also lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Allegheny County is 4.2%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Allegheny County homeowners underwater on their mortgage is 9.7%, which is lower than Pittsburgh Metro at 11.2%.

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Relative ZHVI
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Allegheny County Market Overview

Data through May 31, 2014
  • $122,500 ZHVI
  • 3.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $158,000 Median listing price
  • $139,000 Median sale price
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Allegheny County Market Health

Data through May 31, 2014
  • 9.8/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 126 Average of days on Zillow (Apr 30, 2014)
  • 9.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.2% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0 homes(Feb 28, 2014) Allegheny County
1.2 homes Pittsburgh Metro
4.8 homes United States
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Cities in Allegheny County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Ross Township $154,900 Shaler Township $152,600 Reserve Township $113,100
West View $113,100 Pittsburgh $86,900 Etna $70,900
Sharpsburg $65,100 Millvale $55,400 Mount Oliver $47,900

Listings & Sales

Data through May 31, 2014
  • $105 Median list price / sq ft
  • $99 Median sale price / sq ft
  • 26.2% Listings with price cut
15.0%
Sold below listing
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Allegheny County Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,142 Allegheny County
$1,079 Pittsburgh Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,030 Rent list price
  • $1.03 Rent list price / sq ft
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