Home Values

Allegheny County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$124,300

  • 8.4% 1-year change
  • 3.3% 1-year forecast

The median home value in Allegheny County is $124,300. Allegheny County home values have gone up 8.4% 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 $104, which is higher than the Pittsburgh Metro average of $103. The median price of homes currently listed in Allegheny County is $153,900 while the median price of homes that sold is $140,350. The median rent price in Allegheny County is $999, which is higher than the Pittsburgh Metro median of $995.

Foreclosures will be a factor impacting home values in the next several years. In Allegheny County 2.5 homes are foreclosed (per 10,000). This is lower than the Pittsburgh Metro value of 2.6 and also lower than the national value of 4.5

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 4.5%, which is lower than the national value of 6.9%. 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 8.6%, which is lower than Pittsburgh Metro at 10.6%.

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Relative ZHVI
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Allegheny County Market Overview

Data through Oct 31, 2014
  • $124,300 ZHVI
  • 3.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $153,900 Median listing price
  • $140,350 Median sale price
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Allegheny County Market Health

Data through Oct 31, 2014
  • 8.3/10 Very healthy
    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.
  • 92 Average days on Zillow (Sep 30, 2014)
  • 8.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.5 homes Allegheny County
2.6 homes Pittsburgh Metro
4.5 homes United States
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Cities in Allegheny County

Name Median ZHVI
Ross Township $164,500
Shaler Township $160,100
Reserve Township $125,400
Name Median ZHVI
West View $119,800
Pittsburgh $89,800
Etna $75,200
Name Median ZHVI
Sharpsburg $69,700
Millvale $54,200
Mount Oliver $49,600

Listings & Sales

Data through Oct 31, 2014
  • $104 Median list price / sq ft
  • $101 Median sale price / sq ft
  • 42.4% Listings with price cut
10.1%
Sold below listing
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Allegheny County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,159 Allegheny County
    $1,141 Pittsburgh Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $999 Rent list price
  • $0.94 Rent list price / sq ft
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