Key Takeaways

• Many Airbnb hosts enjoy a rewarding financial experience by managing short-term rentals in Pittsburgh thanks to its affordable real estate and attractive rental market.
• Learn some reasons why investing in Pittsburgh real estate can be a profitable business idea for property investors.
• The top neighborhoods and nearby cities for Airbnb investments in Pittsburgh are revealed along with their recommended property type and Airbnb data provided by Airbtics app.

Introduction

The vibrant city of Pittsburgh is situated where the Allegheny and the Monongahela rivers met, offering plenty of striking natural views. The “Steel City” blends its impressive industrial history with a contemporary approach that’s focused on innovation. Thanks to this, Pittsburgh has not only become an attractive place to visit but also to live and invest in. 

In addition, the city offers an affordable housing market and a diversified economy that caught many investors’ attention. However, there are more factors that investors should research before investing in Pittsburgh, such as the best places to invest in real estate and their Airbnb yearly revenue! And we are here to lend you a hand.

In this article, we’ll feature the best places to invest in Airbnb in Pittsburgh, Pennsylvania and some of the expectations for real estate investments in this city. Continue reading to learn more about this market!

Main Reasons to Invest in Pittsburgh Real Estate

Looking to earn a good passive income that can ultimately lead you to achieve financial freedom? Then you should consider buying investment properties in Pittsburgh! If you are wondering why we suggest targeting the rental market in Pittsburgh rental, make sure to check out what kind of advantages this city offers to property investors like you: 

• Affordable real estate market

One of the top advantages of investing in Pittsburgh is that its real estate market is quite affordable! In fact, based on Zillow Index, the average property price is $229K. Overall, the median housing value is lower than the national average and the market offers a variety of house options that can fit each investor’s needs and budget.

• Diversified economy

Throughout the years, Pittsburgh has diversified its economy, which is mainly driven by technology, healthcare, education and energy sectors. Thanks to this, Pittsburgh’s financial situation is stable, allowing it to offer favorable conditions for real estate investments in the city.

On the other hand, Pittsburgh experienced positive demographic growth during the last few years. This is mainly because of the city’s efforts of becoming an important technological and educational center, which has drawn the attention of young professionals looking for job opportunities.

• Good living conditions

Pittsburgh stands out in a variety of ways, among them we can highlight its good quality of life and friendly community. Additionally, the city also provides a great educational system and is home to plenty of renowned universities and institutes such as the University of Pittsburgh and Carnegie Mellon University.

And if you’re looking for things to do during your free time, let us mention that Pittsburgh also offers a wide range of leisure activities and an attractive cultural scene. There’s no lack of museums, theaters and art galleries. The city also hosts a variety of cultural and musical events throughout the year, so it’s almost impossible to get bored while visiting or even living in Pittsburgh. 

While visiting the city of Pittsburgh, you can also enjoy some striking natural landscapes provided by the Monongahela, Allegheny and Ohio Rivers. You will even have a difficult time choosing a green area for your enjoyment since there are around 163 parks! 

Is Airbnb Profitable in Pittsburgh, PA?

Don’t worry anymore. Airbtics confirms that investing in an Airbnb property in Pittsburgh is profitable! Albeit, if you want to start a successful Airbnb business, you should have in mind that the level of profitability highly depends on the property type, number of bedrooms and location.

On the other hand, we also encourage you to learn more about the Airbnb regulations in Pittsburgh so that you can operate your listing smoothly avoiding major problems with the law.

Based on Airbtics’ data, an Airbnb host can expect an average annual revenue of $28,365 and a median occupancy rate of 53% for operating a 1-bedroom property in Pittsburgh.