Is Pittsburgh, PA a Good STR Investment in 2026?
1,879 active listings
Top Market
Median Price
$258,000
STR Revenue/mo
$2,450
Cap Rate
4.1%
1Y Appreciation
-0.4%
Avg Nightly Rate
$161
Market Score
96.4/100
Market Overview
Pittsburgh, PA presents a strong opportunity for real estate investors in 2026, with a market score of 96.4 out of 100. The median home price sits at $258,000 with average short-term rental revenue of $2,450 per month, yielding a 4.1% cap rate.
Short-Term Rental Performance
Short-term rental hosts in Pittsburgh average $2,450 in monthly revenue with a 59.6% occupancy rate. This translates to approximately $29,400 in annual gross revenue for a typical listing. The average nightly rate is $161.
Investment Analysis
Assuming a 20% down payment at 7% interest on a $258,000 property, your monthly mortgage would be approximately $1,373. After accounting for mortgage, taxes, and insurance, the estimated monthly cash flow for an STR is -$493.
The long-term rental market shows potential with median rents at $1,525 per month. Home values have declined 0.4% year-over-year, so investors should factor in potential equity loss when evaluating returns.
Our Verdict
Pittsburgh ranks among the top investment markets with a score of 96.4/100. However, declining home values (-0.4%) mean investors should focus on cash flow rather than equity growth.