How much is a home worth in ZIP code 15206?

The typical home in 15206 is worth $292,806, based on the Zillow Home Value Index.

Are home values rising in 15206?

Home values in 15206 are down 2.5% over the past year, and up 1.9% a year over five years.

What is the typical rent in 15206?

A typical home in 15206 rents for about $1,699 a month, a gross rental yield of 7.0%.

What is the property tax rate in 15206?

The effective property tax rate in 15206 is 1.0% — roughly $2,963 a year on a typical home.

ZIP code 15206 has a population of 29,056 and a median household income of $72,920.

HousingHandbookReference data

…

U.S. ZIP Code · PA15206

Allegheny County · Pittsburgh, PA

Typical home value

$292,806^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +1.9%
10-year / yr: +5.6%

Relative price

vs U.S.: +3.1%
vs metro: +62.5%
vs state: +25.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 15206 is worth $292,806 — 62.5% above the Pittsburgh, PA median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $1,699 a month — a 7.0% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,699^[2]
Gross yield: 7.0%^[2]
Cap rate: 4.2%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.0%^[3]
Typical annual tax: $2,963^[3]

#Climate risk

FEMA National Risk Index ratings for Allegheny County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Very High
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Moderate
Hurricane: Relatively Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 29,056^[3]
Median household income: $72,920^[3]

#Migration

Household moves in and out of Allegheny County over a year, from IRS tax-return data.

Net migration: -2,833^[5]
Moved in: 23,015
Moved out: 25,848

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 6
Middle: 0
High: 1

Pittsburgh Obama 6-12
High · Grades 6–12 · Pittsburgh SD
737 students
Pittsburgh Dilworth K-5
Elementary · Grades PK–5 · Pittsburgh SD
434 students
Urban Academy of Greater Pittsburgh CS
Elementary · Grades K–5 · Urban Academy of Greater Pittsburgh CS
343 students
Pittsburgh Montessori K-5
Elementary · Grades PK–5 · Pittsburgh SD
339 students
Pittsburgh Fulton K-5
Elementary · Grades PK–5 · Pittsburgh SD
291 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield7.0%

Net yield (after ~40% expenses)4.2%

Annual rent$20,391

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,481

Loan principal$234,245

Down payment$58,561

Total interest paid$298,767

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.16

Monthly cost to own$1,971

Monthly rent$1,699

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 36th percentile^[1]
Rental yield: 45th percentile^[2]
Property tax: 27th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 15206?: The typical home in 15206 is worth $292,806, based on the Zillow Home Value Index.
Are home values rising in 15206?: Home values in 15206 are down 2.5% over the past year, and up 1.9% a year over five years.
What is the typical rent in 15206?: A typical home in 15206 rents for about $1,699 a month, a gross rental yield of 7.0%.
What is the property tax rate in 15206?: The effective property tax rate in 15206 is 1.0% — roughly $2,963 a year on a typical home.
Who lives in 15206?: ZIP code 15206 has a population of 29,056 and a median household income of $72,920.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

16023 vs 15206 →
PA
Typical home
$294,699
Gross yield
—
15055 vs 15206 →
Lawrence CDP, PA
Typical home
$295,624
Gross yield
—
16056
Saxonburg, PA
Typical home
$297,961
Gross yield
—
16002
Nixon CDP, PA
Typical home
$298,167
Gross yield
—
15321
Cecil-Bishop CDP, PA
Typical home
$298,364
Gross yield
—
15126
Imperial CDP, PA
Typical home
$298,436
Gross yield
—

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#Jump to section

U.S. ZIP Code · PA15206

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