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Airbnb Investment All About Airbnb

Best Places to Invest in Airbnb in Pittsburgh: Top Areas for Investment Properties in 2023

best places to airbnb in Pittsburgh
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.

best places to airbnb in Pittsburgh

Best Places to Invest in Airbnb in Pittsburgh

Source: Airbtics Dashboard

Top Places to Invest in Rental Properties Around Pittsburgh

With more than 90 unique neighborhoods, Pittsburgh certainly can give investors a hard time when choosing the best place to set up their Airbnb listing in the city. This is mainly because each of these areas offers a different level of profitability. 

Check out the best neighborhoods and nearby cities around Pittsburgh that are highly recommended for starting an Airbnb business:

airbtics-logo-300x87
Best Area Number of Airbnb Listings Best Bedroom Size Median Property Price Airbnb Annual Revenue GRY
East Allegheny, Pittsburgh 53 2 bedrooms $275,000 (2 BD) $46,457 16.89%
Bloomfield, Pittsburgh 67 1 bedroom $240,000 (1 BD) $34,883 14.53%
Shadyside, Pittsburgh 49 1 bedroom $230,000 (1 BD) $32,577 14.16%
Lawrenceville, Pittsburgh 90 1 bedroom $249,900 (1 BD) $30,587 12.24%
Downtown Pittsburgh 106 2 bedrooms $395,000 (2 BD) $30,012 7.60%
Cleveland, OH (114 miles away) 770 3 bedrooms $145,000 (3 BD) $52,082 35.92%
Columbus, OH (161 miles away) 1,063 2 bedrooms $179,900 (2 BD) $35,006 19.46%

Best Areas

Airbnb Dataset

East Allegheny, Pittsburgh

  • Total Number of Airbnb Listings: 53
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $275,000
  • Airbnb Annual revenue: $46,457

Bloomfield, Pittsburgh

  • Total Number of Airbnb Listings: 67
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $240,000
  • Airbnb Annual revenue: $34,883
  • Gross rental yield: 14.53%

Shadyside, Pittsburgh 

  • Total Number of Airbnb Listings: 49
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $230,000
  • Airbnb Annual revenue: $32,577
  • Gross rental yield: 14.16%

Lawrenceville, Pittsburgh 

  • Total Number of Airbnb Listings: 90
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): $249,900
  • Airbnb Annual revenue: $30,587
  • Gross rental yield: 12.24%

Downtown Pittsburgh 

 

  • Total Number of Airbnb Listings: 106
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $395,000
  • Airbnb Annual revenue: $30,012
  • Gross rental yield: 7.60%

Cleveland, OH

  • Distance from Pittsburgh: 114 miles 
  • Total Number of Airbnb Listings: 770
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): $145,000
  • Airbnb Annual revenue: $52,082
  • Gross rental yield: 35.92%

Columbus, OH

  • Distance from Pittsburgh: 161 miles 
  • Total Number of Airbnb Listings: 1,063
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): $179,900
  • Airbnb Annual revenue: $35,006
  • Gross rental yield: 19.46%

Source: Airbtics Dashboard

Discover other cities using Analytics Tool

Pittsburgh has a variety of property options as well as profitable areas that offer a nice cash-on-cash return to real estate investors. Yet, it is worth noting that you should still analyze your options thoroughly so that you won’t miss out on better investment opportunities. Thus, setting up strategies based on reliable data can greatly help you in your journey, so you should make use of the best analytics tools such as Airbtics Discovery Tool!

Knowing the best places to invest in Airbnb in Pittsburgh is the first step in this investment journey, now you should continue your research! Enjoy Pittsburgh’s stunning sights after checking Airbtics’ short-term rental calculator. Don’t wait any longer and maximize your profitability now!

Explore more profitable cities around Pittsburgh!

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Categories
Airbnb Investment All About Airbnb

Discovering Profitability for Airbnb Property Investment in Pittsburgh

airbnb property investment Pittsburgh

airbnb property investment Pittsburgh

The City of Bridges, Pittsburgh, is one of the few many walkable cities with exquisite food and art scene. This city is not only for its steel industry but also for its sports team and reputable research universities. 

Before deciding to purchase a property in Pittsburgh, it’s certainly important to consider the major costs and revenue. While rental arbitrage in Pittsburgh is fairly popular and does not require you to purchase a property, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. 

And don’t forget! It’s also essential to consider the Airbnb rules in Pittsburgh in order to operate an STR business without worrying about breaching the laws.

.

“Pittsburgh has been one of the hottest real estate markets in the country for years. It is also one of the hottest real estate markets for investing in rental properties.” 

– Norada Real Estate Investments on Pittsburgh Market

Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.

This includes the best website recommendations for property investment in Pittsburgh, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!

Pros of buying an Airbnb Property in Pittsburgh

Pittsburgh is home to many historical, cultural and natural attractions. Undoubtedly, it’s a city where both locals and visitors can have exciting experiences while also getting the most stunning views that this picturesque metropolis offers. However, there’s more to learn as to why we recommend purchasing a property in this city. Here are some of the major reasons why you should consider buying a property for Airbnb in Pittsburgh:

1. A great real estate market for investors

The housing market is one of the prime factors to consider when looking for a location to invest in. If you’re targeting Pittsburgh, then you should know that this city offers many great houses at a reasonable price! According to Zillow Index, the average property value in this city is $227 with a one-year value change of 2.0%.

2. Low cost of living

The quality of life in Pittsburgh is great when you consider that it has a lower cost of living compared to other cities in Pennsylvania as it’s 7% less expensive. It’s a plus to know that the job market is steadily growing and you can have access to high-end amenities, a good education system as well as health care.  

3. Attractive market for renters

Being home to big companies, startups and the best education institutions, Pittsburgh draws many students and professionals to the city, hence, the demand for rental properties is huge! As if this were not enough, Pittsburgh also welcomes a great number of visitors annually as nearly 13M travelers arrived in this city annually!

What to Expect When Purchasing a Property in Pittsburgh?

Now that we know the pros of investing in Pittsburgh, let’s take a quick look at some of the cons. It’s always better to look at the two sides of each coin in order to properly set your expectations!

1. High crime rate

Unfortunately, one of the biggest downsides in Pittsburgh is the high crime rate. If we delve deeper into this matter, we will find out that the crime rate here is 53% higher than the national average and 77% higher compared to other cities in the State. When it comes to property crime, the chance of becoming a victim is one in 33 based on NeighborhoodScout data.

2. Traffic can be a headache

Getting stuck in traffic can be a real headache and those who drive throughout the streets of Pittsburgh certainly know this. Traffic congestion is a problem, especially during rush hours, so prepare yourself if you’re planning to go on a drive in this city. According to INRIX Traffic Scorecard Report, drivers lose an average of 34 hours each year to traffic congestion alone.

Best Neighborhoods for Airbnb in Pittsburgh

Let’s take a closer look at the important Airbnb key metrics to discover which is the most profitable neighborhood in Pittsburgh. Filtered for a 1-bedroom apartment, here is a brief overview of some of the most recommended and profitable neighborhoods:

airbnb property investment Pittsburgh

1. Bloomfield
  • Annual Revenue: $33,313
  • Occupancy Rate: 76%
  • Average Daily Rate: $102
2. Manchester
  • Annual Revenue: $28,141
  • Occupancy Rate: 69%
  • Average Daily Rate: $108
3. Mt Washington
  • Annual Revenue: $24,320
  • Occupancy Rate: 60%
  • Average Daily Rate: $100

Is Property Investment Profitable in Pittsburgh City Centre?

Using an Airbnb profit calculator, it was discovered that a 3-bedroom property in Pittsburgh City Centre can generate an annual revenue of $62,686 with a steady occupancy rate of 65% and a nightly rate of $215.

airbnb property investment Pittsburgh

airbnb property investment Pittsburgh

Profitable Properties for Sale in Pittsburgh City Centre

Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage. 

At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Here are some of the profitable properties in Pittsburgh City Centre along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property investment Pittsburgh
airbnb property investment Pittsburgh

1026 Penn St, Pittsburgh, PA 15215

1. Studio-type Property for Sale Pittsburgh
  • Near Penn St
  • Asking Price: $72,000
GROSS RENTAL YIELD 33.93%
ANNUAL REVENUE $24,432
CASH ON CASH RETURN 76.03%
airbnb property investment Pittsburgh
airbnb property investment Pittsburgh

705 Baldwin Rd, Pittsburgh, PA 15207

2. 1-Bedroom Type Property for Sale Pittsburgh
  • Near Baldwin Rd
  • Asking Price: $58,000
GROSS RENTAL YIELD 40.37%
ANNUAL REVENUE $23,417
CASH ON CASH RETURN 95.35%
airbnb property investment Pittsburgh
airbnb property investment Pittsburgh

618 Hollace St, Pittsburgh, PA 15219

3. 2-Bedroom Type Property for Sale Pittsburgh
  • Near Hollace St
  • Asking Price: $100,000
GROSS RENTAL YIELD 29.79%
ANNUAL REVENUE $29,785
CASH ON CASH RETURN 63.59%
3-bedroom Pittsburgh
3-bedroom Pittsburgh

2220 Los Angeles Ave, Pittsburgh, PA 15216

4. 3-Bedroom Type Property for Sale Pittsburgh
  • Near Broadway Ave
  • Asking Price: $119,600
GROSS RENTAL YIELD 27.06%
ANNUAL REVENUE $32,364
CASH ON CASH RETURN 55.41%
4-bedroom Pittsburgh
4-bedroom Pittsburgh

433 Rose Ave, Pittsburgh, PA 15235

5. 4-Bedroom Type Property for Sale Pittsburgh
  • Near Rose Ave
  • Asking Price: $169,900
GROSS RENTAL YIELD 31.67%
ANNUAL REVENUE $53,806
CASH ON CASH RETURN 69.24%

Conclusion

Before investing in a property, investors, it’s highly recommended to conduct market research for accuracy. Pittsburgh can generate a nice cash flow for property investors, as long as the right neighborhood is targeted and potential revenue is calculated using an Airbnb rental arbitrage calculator. While there are many other cities to invest in Pennsylvania aside from Pittsburgh, it’s definitely worth the time & effort to speak with a short-term rental expert to make the wisest decision for property investment.

Categories
Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Pittsburgh

Pittsburgh airbnb rental arbitrage

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business.

In this article, we featured the entire process of Airbnb rental arbitrage in Pittsburgh, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage.

What is Rental Arbitrage? 

Rental Arbitrage is a perfect way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property.

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time. 

Here’s a proof! In Pittsburgh, Matthew manages 22 listings and there’s a huge possibility that he doesn’t own all the properties. He has made $719,794 in the last 12 months.  

Pittsburgh airbnb rental arbitrage

Is Rental Arbitrage Profitable in Pittsburgh?

Before you dive in and start putting out your hard-earned money on a property, it’s important to learn how much profit you can make. For instance, the best neighborhood to invest in is Shadyside, which is known for its eclectic shopping scene, gay clubs, craft beer spots, and upscale boutiques.

Using Airbtics’ income generator, you can easily discover that rental arbitrage in Pittsburgh is profitable.

Pittsburgh airbnb rental arbitrage
Profit & Monthly Expense in Pittsburgh

Based on Airbtics’ data, you can earn a whopping $5,887 per month for a 3-bedroom apartment in Shadyside alone. With the data provided, you can certainly tell that investing in a property in Pittsburgh is profitable.

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
$2,350 $5,887 $1,177 $2,360

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price, and the monthly expenses ($5,887 – $2,350 – $1,177 = $2,360).

 Startup Cost in Pittsburgh

Now that you have an overview of how much your monthly expense & revenue, let’s talk about the start-up cost. How long does it take for an investor to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price) Cash Return Time
$6,700 3 months

The average estimated startup cost (for furnishing) in Pittsburgh is around $2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price ($4,700). Now that we have a total startup cost of $6,700, cash return time can be calculated by dividing this by the monthly profit ($2,360). 

Given your monthly revenue of $2,360, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Pittsburgh.

Best Areas for Rental Arbitrage in Pittsburgh

Before investing in a particular area in Pittsburgh, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 suburbs in Pittsburgh ranked by their annual revenue, along with their occupancy & daily rates!

1. Bloomfield

This neighborhood is popular for its hip scene and Italian-American heritage. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Bloomfield:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1 bedroom $1,000 $2,473 85% $105
2-bedroom $1,379 $2,967 89% $144
3-bedroom $1,725 $4,738 73% $173

According to our Airbtics Dashboard, there are more than 59 Airbnb listings with 2 condo property and 35 one-bedroom properties in this area. The monthly revenue for most properties in Bloomfield is more than $2,603 per month with occupancy being more than 74%.

2. Shadyside

Considered one of the safest neighborhoods in Pittsburgh, Shadyside has close proximity to high-end schools and the majority of renters are international students. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Shadyside:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1 bedroom $1,395 $2,483 87% $117
2-bedroom $1,845 $2,568 86% $197
3-bedroom $2,350 $5,887 84% $653

This area has a total of 33 Airbnb listings with 5 private room properties and 17 one-bedroom property. The monthly revenue for most properties in Shadyside is more than $2,262 per month with occupancy being more than 72%.

3. Lawrenceville

Lawrenceville is known for its beautiful thriving art galleries and offers an exciting nightlife experience. Check out the Airbnb data such as the average revenue, occupancy rates, and more in Lawrenceville:

Type of Bedrooms Average Rent Price Average Airbnb Revenue Occupancy Rates Average Daily Rate
1 bedroom $1,200 $2,331 84% $106
2-bedroom $1,845 $3,407 84% $185
3-bedroom $2,625 $4,445 68% $278

This area has a total of 59 Airbnb listings with 9 private room properties and 28 one-bedroom properties. The monthly revenue for most properties in Lawrenceville is more than $2,417 per month with occupancy being more than 68%.

how much can you make on airbnb

Short-term rental regulations in Pittsburgh

To begin with, it’s certainly important to be familiar with the Airbnb rules in Pittsburgh to make sure that your business will run smoothly. To date, there are currently no strict short-term rental regulations in Pittsburgh. However, Pittsburgh Council has proposed the following regulations this year which indicated the following:

1. Council legislation would require short-term rental operators to be licensed by the city and renew annually.
2. Owners would have to keep records of anyone who entered the property and establish a contact person available to authorities in an emergency.
3. The proposed policy also included a limit of how long a guest could stay to 15 days.

Rental Properties in Pittsburgh

To run an Airbnb rental arbitrage in Pittsburgh, you can look at property websites and get a grasp of the ranging prices:

1. Coldwell Banker Realty
sublet in pittsburgh
2. Realtor
sublet in pittsburgh

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative! 

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

  1. Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

  1. Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

  1. Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

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Categories
Airbnb Rules All About Airbnb

Airbnb Rules in Pittsburgh

Pittsburgh airbnb rules

Are you looking to invest in an Airbnb property in Pennsylvania? If you have chosen Pittsburgh in particular, then you’re on the right track.

In general, Pennsylvania’s tourism industry is known for historical landmarks and beautiful attractions. Philadelphia was also featured in occupancy rates by city with a prospect annual revenue of $31,392 with a steady occupancy rate of 47%. Little did you know that Pittsburgh is also one of the most recommended areas for Airbnb investment!

Continue reading to learn more about Airbnb rules in Pittsburgh and check out the profitability in this city.

Is Airbnb legal in Pittsburgh? 

Let’s spill the beans: Yes, Airbnb is certainly legal in Pittsburgh. With more than 12.6 million visitors annually, this city is famous for attractions including the Carnegie Museum of Natural History, Botanical Gardens, Fairmont Pittsburgh, and a lot more. 

Here is a little proof! As of July 2022, there are 18,108 nights available in Pittsburgh from Airbnb alone. Frontdesk manages 43 listings, while Carina and Matthew operate 22 and 22 respectively.

How much can I make by running an Airbnb in Pittsburgh?

Currently, there are 1,022 Airbnb listings in Pittsburgh, with 73% of entire houses earning up to $2,619 a month. The Average Occupancy Rate in Pittsburgh is 65% and the average daily rate is $104. According to vacation holiday rentals market data source Airbtics, a 2-bedroom apartment in Pittsburgh can make up to $18,922 each year. Check out our Short-Term Rental Profit Estimator and find out how much you can make in Airbnb!

Pittsburgh airbnb rules
What Are The Short-term Rental Accommodation Policies in Pittsburgh?
  • To date, there are currently no strict short-term rental regulations in Pittsburgh. However, Pittsburgh Council has proposed the following regulations this year which indicated the following:
    1. Council legislation would require short-term rental operators to be licensed by the city and renew annually.
    2. Owners would have to keep records of anyone who entered the property and establish a contact person available to authorities in an emergency.
    3. The proposed policy also included a limit of how long a guest could stay to 15 days.
how much can you make on airbnb

Is Pittsburgh A Profitable Area to Invest In?

If you’re worried about spending thousands of bucks to purchase a property, the good news is you have the option of not owning one. This is because there are many property investors who enjoy doing rental arbitrage in Pittsburgh as a passive income!

Airbnb metrics are important in order to expect potential revenue and avoid losing hard-earned money. Before starting an Airbnb business, getting to know your preferred area’s occupancy rates, average daily rates, and annual revenue is important to achieve success.

By using an accurate short-term rental calculator, you’ll be able to confirm if Pittsburgh is a good place for investment! In the digital era, it’s easy to discover your estimated annual revenue and high-return investment opportunities in Pittsburgh.

Pittsburgh airbnb rules

Source: Airbtics Dashboard

Pittsburgh Rental Market 2022

Based on a recent report of Pittsburgh’s apartment rental market in 2022, there is a 6.6% rent increase in comparison to 2021 and over 53% of the community in Pittsburgh are renters.

Pittsburgh airbnb rules

Source: Rental Growth in Pittsburgh

Profitable Neighborhoods in Pittsburgh

Here are some of the most recommended neighborhoods that you can look into & consider purchasing based on Airbtics estimator:

Suburbs Average House Price (2bd condo) Average Rent Price Average Airbnb Revenue
Bloomfield $399,317 (1,140 sqft) $1,379 $2,967
Shadyside $765,000 (1,570 sqft) $1,845 $2,568
Lawrenceville $385,000 (2,172 sqft) $1,845 $3,407

Source for Property Price: Properties in Pittsburgh

Conclusion 

In general, considering the Airbnb rules & regulations in Pittsburgh will help your Airbnb business to run smoothly! Aside from the fact that this is a passive income for various hosts, starting an Airbnb business is also a way to enjoy life and connect with new people from all over the world. Try Airbtics now and make the wisest investment decisions!

Airbtics
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