How much is a home worth in ZIP code 15216?

The typical home in 15216 is worth $216,553, based on the Zillow Home Value Index.

Are home values rising in 15216?

Home values in 15216 are down 2.9% over the past year, and up 1.5% a year over five years.

What is the typical rent in 15216?

A typical home in 15216 rents for about $1,296 a month, a gross rental yield of 7.2%.

What is the property tax rate in 15216?

The effective property tax rate in 15216 is 1.4% — roughly $3,109 a year on a typical home.

ZIP code 15216 has a population of 21,471 and a median household income of $80,313.

HousingHandbookReference data

…

U.S. ZIP Code · PA15216

Allegheny County · Pittsburgh, PA

Typical home value

$216,553^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.9%
5-year / yr: +1.5%
10-year / yr: +4.9%

Relative price

vs U.S.: -23.8%
vs metro: +20.2%
vs state: -7.3%

Price history

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

The typical home in 15216 is worth $216,553 — 20.2% above the Pittsburgh, PA median. Over the past year, values have fallen 2.9%. Homes here rent for a typical $1,296 a month — a 7.2% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent: $1,296^[2]
Gross yield: 7.2%^[2]
Cap rate: 4.3%^[2]

#Property tax

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

Effective tax rate: 1.4%^[3]
Typical annual tax: $3,109^[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: 21,471^[3]
Median household income: $80,313^[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: 8
Elementary: 4
Middle: 2
High: 2

Pittsburgh Brashear HS
High · Grades 9–12 · Pittsburgh SD
922 students
Keystone Oaks HS
High · Grades 9–12 · Keystone Oaks SD
577 students
Lincoln El Sch
Elementary · Grades K–5 · Mt Lebanon SD
436 students
Keystone Oaks MS
Middle · Grades 6–8 · Keystone Oaks SD
378 students
Dormont El Sch
Elementary · Grades K–5 · Keystone Oaks SD
357 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 yield7.2%

Net yield (after ~40% expenses)4.3%

Annual rent$15,546

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$1,095

Loan principal$173,242

Down payment$43,311

Total interest paid$220,961

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 ratio1.19

Monthly cost to own$1,535

Monthly rent$1,296

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: 29th percentile^[1]
Rental yield: 49th percentile^[2]
Property tax: 76th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 15216?: The typical home in 15216 is worth $216,553, based on the Zillow Home Value Index.
Are home values rising in 15216?: Home values in 15216 are down 2.9% over the past year, and up 1.5% a year over five years.
What is the typical rent in 15216?: A typical home in 15216 rents for about $1,296 a month, a gross rental yield of 7.2%.
What is the property tax rate in 15216?: The effective property tax rate in 15216 is 1.4% — roughly $3,109 a year on a typical home.
Who lives in 15216?: ZIP code 15216 has a population of 21,471 and a median household income of $80,313.

#Comparable ZIPs

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

15106 vs 15216 →
Carnegie, PA
Typical home
$216,091
Gross yield
7.6%
15218 vs 15216 →
Swissvale, PA
Typical home
$215,945
Gross yield
6.5%
15211
Pittsburgh, PA
Typical home
$215,462
Gross yield
8.8%
16025
Chicora, PA
Typical home
$219,016
Gross yield
—
15440
PA
Typical home
$214,067
Gross yield
—
16001
Shanor-Northvue CDP, PA
Typical home
$219,640
Gross yield
5.1%

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#Jump to section

U.S. ZIP Code · PA15216

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