ZIP reports / PA / 15206
ZIP rental intelligence · 2026-06

ZIP 15206, Pittsburgh, PA

Asking rent, household capacity, housing stock and local context—kept at their original geographic and measurement scopes.

Direct local rent answer

What does rent cost in ZIP 15206?

The latest Zillow ZORI for ZIP 15206 is $1,759 per month in 2026-06. It is a typical observed asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

Zillow asking-rent index$1,7592026-06 · up 5.1% year over year
ACS median gross rent$1,315ACS 2024 5-year survey · ±$68 margin of error
HUD two-bedroom standard$1,670Administrative FMR/SAFMR · not asking rent
Bedroom-level rent benchmarks in ZIP 15206
BedroomsModelled asking-rent lensHUD standardHow to use it
Studio$1,359ZORI scaled by the local HUD bedroom ladder$1,290HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
1 bedroom$1,454ZORI scaled by the local HUD bedroom ladder$1,380HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
2 bedrooms$1,759ZORI scaled by the local HUD bedroom ladder$1,670HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
3 bedrooms$2,254ZORI scaled by the local HUD bedroom ladder$2,140HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
4 bedrooms$2,423ZORI scaled by the local HUD bedroom ladder$2,300HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.

Bedroom estimates are modelled, not observed rents. Zillow, Census ACS and HUD describe different housing universes and remain separate throughout this report.Zillow pulled 2026-08-08

Median household income$72,920ACS 2024 5-year · ±$5,572 MOE
Renter share59.1%8,518 renter households
Rent burden 30%+45.2%3,846 observed households
Housing vacancy16.0%2,741 of 17,157 units
Six views · one local decision

Read the measures together, without merging them

ZORI tracks observed asking rent, ACS describes occupied renter homes, and HUD publishes an administrative benchmark. The charts preserve those differences and add wider context only where the geography is named.

Three definitions of rent

Useful as a spread, not interchangeable observations.

Three rent measures for ZIP 15206Zillow asking-rent index$1,759ACS median gross rent$1,315HUD two-bedroom standard$1,670

Affordability screen

Annual income implied by 30% of the current ZIP ZORI.

Income screen for ZIP 15206ACS median household income$72,920Income at 30% of ZIP ZORI$70,360

Bedroom ladder

Modelled from ZIP ZORI using the local HUD ladder.

Modelled bedroom rent ladder for ZIP 15206Studio$1,359One bedroom$1,454Two bedrooms$1,759Three bedrooms$2,254Four bedrooms$2,423

Observed renter burden

ACS ZCTA households with computable gross-rent burden.

Observed renter cost burden in ZCTA 1520630% or more of income3,846 householdsBelow 30%4,672 households

ZIP versus wider rent context

Each bar retains its own ZIP, city, county or metro scope.

Asking-rent context for ZIP 15206ZIP 15206$1,759Pittsburgh city$1,593Allegheny County county$1,551Pittsburgh, PA metro$1,523

Monthly asking-rent history

Direct Zillow ZORI observations over the latest five years. Missing months remain visible gaps.

Five-year direct Zillow asking-rent history for ZIP 15206; missing months remain gaps$1,813$1,650$1,487$1,3242021-062023-122026-06
Five-year change
27.7%exact same-month endpoints
Largest observed drawdown
2.3%peak to a later observed month
Annualized monthly variability
2.1%114 consecutive returns
Monthly coverage
100.0%115 of 115 months
Decision brief

What the evidence says for ZIP 15206

At $1,759 in June 2026, Zillow’s ZORI for ZIP 15206 shows a typical observed asking-rent index, blended across rental types, rising 5.12% from the matching month a year earlier. ZIP 15206 is both Zillow’s market identifier and a match to a Census ZCTA; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. The current index produces a $70,360 annual income figure under a 30% rent screen, against a $72,920 ACS median household income and a 28.9% asking-rent-to-income measure. That screen is arithmetic only: it is neither advice nor an applicant-qualification rule, and it cannot establish what any household can pay.

The Zillow ZIP history places the current reading in a stable-growth path rather than treating it as an isolated result. Exact same-month annualized ZORI changes were 5.12% over one year, 4.38% over three years, and 5.01% over five years. Recent direction therefore confirms, rather than breaks from, the longer observed path; it is still backward-looking and supplies no forecast or investment conclusion. Annualized monthly-return variability of 2.09% suggests relatively contained movement in the index. Separately, the deepest peak-to-trough setback was 2.28%, a limited historical drawdown. Full 100% coverage across 115 observations supports confidence that one current index snapshot is not a lone extreme, while not making it a listing-level fact. Transparent national discovery ranks among history-eligible ZIPs were 387 for momentum, 190 for stability, and 48 for the balanced measure, where lower ranks are stronger.

For-sale evidence introduces a useful tension. Redfin’s direct rolling-three-month ZIP resale observation recorded a $379,414 median sold price, up 8.4% year over year, with 64 homes sold and a median 49 days on market. Inventory stood at 113 homes and months of supply at 5.4. The average sale-to-list result was 98.0%; 25.8% of sales closed above list, while 51.0% went off market within two weeks. The resale price increase confirms an upward headline also visible in rent history, but supply, marketing time, and sale-to-list measures challenge a simple conclusion that conditions are uniformly tight. These are resale observations, not rental transactions. Annualized ZIP ZORI divided by the median sold price is a 5.56% cross-source screening ratio only; it cannot represent ownership costs, financing, transaction costs, or property-level economics.

The matched Census ZCTA ACS 2024 five-year survey answers a different question from Zillow. It reports a $1,315 median gross rent for occupied renter homes and includes selected utilities. The current asking-rent index is 33.8% higher, but this is not evidence that comparable units changed by that amount or that tenants face the current index. ACS is a multi-year survey of occupied renter households, whereas ZORI is a current typical asking-rent index across rental types. Timing, unit mix, occupancy status, and the utility treatment differ. The two measures are therefore complementary context, not interchangeable rental quotes.

Bedroom figures require the same source discipline. The modelled estimates, never measured bedroom rents, are $1,359 for a studio, $1,454 for one bedroom, $1,759 for two bedrooms, $2,254 for three bedrooms, and $2,423 for four bedrooms. Each estimate scales ZIP ZORI using the local HUD bedroom ladder. The local HUD two-bedroom FMR/SAFMR benchmark is $1,670, putting the index 5.3% above that administrative standard. HUD FMR/SAFMR is bedroom-specific and administrative rather than an observed asking-rent measure, so neither the HUD figure nor the modelled ladder substitutes for current unit-level asking rents.

ACS housing-stock evidence gives the affordability tension a broader household context. The ZCTA contained 17,157 housing units and 2,741 vacant units, a 16.0% vacancy rate. Its renter share was 59.1% of occupied households. Within the ACS renter population, 45.2% were rent burdened at 30% or more of household income. That burden measure concerns surveyed renter households and gross rent, not Zillow asking rents or a particular available home. Likewise, the aggregate vacancy rate does not establish that any specific unit is vacant, suitable, priced at the index level, or available on a given lease date.

Wider rent context is lower, but it remains context rather than direct ZIP evidence: the Pittsburgh city scope recorded $1,593, the Allegheny County scope $1,551, and the Pittsburgh, PA metro scope $1,523. This ZIP’s income screen also exceeds the metro-scope rent-to-income measure of 24.1%. Those comparisons identify a higher current ZIP asking-rent index relative to larger geographies; they do not turn city, county, or metro figures into rental comparables for a specific address. They also do not resolve the difference between current advertised asking conditions and the ACS record of occupied renter homes.

The evidence is strongest when each source remains in its own universe. Zillow summarizes ZIP asking-rent conditions; ACS supplies survey-based household and stock context; HUD supplies an administrative bedroom standard; and Redfin describes direct ZIP resale activity. Relevant property-level checks are the actual advertised rent, lease date and term, bedroom configuration, unit type, included utilities, concessions, availability, and condition. For resale comparison, the address, property characteristics, listing changes, and closed-sale record also matter. Neither the vacancy rate nor renter burden proves circumstances for a particular unit. Which documented unit and transaction facts remain after those source distinctions are respected?

Decision signals

What deserves a closer property-level check

Current asking rent is near the aggregate income screen

Zillow’s current $1,759 ZIP index rose 5.12% from the matching month a year earlier, while the mechanical 30% screen reaches $70,360 annually. The local ACS median household income is $72,920, placing the aggregate screen near that benchmark. This is not a statement about any renter’s qualification, income, household composition, lease terms, or available unit.

History supports a steady index path, not an outlook

Same-month Zillow ZORI history is positive across one, three, and five years, while low observed variability and a limited drawdown indicate that the present reading does not stand alone as an extreme monthly index point. The discovery ranks are retrospective comparison tools, not predictions. They describe past ZIP index behavior and do not supply a property strategy or investment conclusion.

Resale appreciation and resale pace send mixed signals

Redfin’s direct rolling-three-month ZIP resale series shows a rising median sold price but also 5.4 months of supply, 49 days on market, and an average sale below list. The combination confirms an upward resale-price headline yet complicates a claim that every market signal points to fast, uniformly tight conditions. These are for-sale observations, not rental transactions.

ACS and HUD contextualize Zillow rather than validate it

The ACS ZCTA gross-rent figure and HUD bedroom standards answer different questions from Zillow ZORI. ACS represents surveyed occupied renter homes with selected utilities, while HUD FMR/SAFMR is administrative and bedroom-specific. The displayed studio-through-four-bedroom figures are modelled by scaling the ZIP index through HUD’s ladder; they are not measurements of local bedroom rents.

  • The current Zillow index blends rental types and reflects observed asking rents, so it cannot verify an advertised rent, concession, utility package, lease term, unit condition, or availability for a particular address.
  • The 30% income figure is mechanical arithmetic using the ZIP index, while ACS household income is a survey statistic. Neither measure identifies an applicant’s finances, eligibility, or actual housing payment.
  • ACS vacancy and rent-burden results are area-level survey measures. They do not prove that a specific unit is vacant, appropriately priced, financially suitable, or occupied by a burdened household.
  • The Redfin ZORI-to-price calculation combines an asking-rent index with a resale median. Without property costs, financing, taxes, condition, and transaction-specific data, it remains only a screening ratio.
Direct ZIP resale evidence

For-sale liquidity inside ZIP 15206

Redfin reports these as a rolling three-month ZIP observation through 2026-06-30. They describe the for-sale market, not rental vacancy or the rent of a particular property.

Median sale price$379,414+8.4% year over year
Homes sold64rolling three-month observation
Median days on market49 daysfor-sale listing absorption
Months of supply5.4resale inventory relative to sales pace

Activity and available supply

Direct ZIP counts remain separate because each describes a different stage of the resale funnel.

Direct resale activity for ZIP 15206Active listings192Inventory113Pending sales94Homes sold64

Counter-signals before underwriting

A price alone does not reveal how quickly buyers are absorbing available homes.

Inventory direction

113 observed inventory · +26.8% year over year.

Price realization

98.0% average sale-to-list ratio · 25.8% sold above original list.

Early absorption

51.0% went off market within two weeks; compare this with 49 median days on market.

Measurement boundary

Small ZIP samples can move sharply. This rolling period smooths monthly noise but does not replace current address-level sale and rent comparables.

Redfin Data Center · updated 2026-07-03 · exact five-digit ZIP key. Implausible source values are withheld as n/a rather than repaired or inherited from a broader geography.

Wider market evidence

Listing and rental liquidity around the ZIP

These measures are not ZIP observations. They are labelled county or metro context so they can challenge the local story without being copied into it.

Allegheny County listing conditions

2,962 active Realtor.com listings · 46 median days on market · 19.2% price-reduced share · 2026-06.

Pittsburgh, PA resale supply

3.7 months of supply · 50 median days on market · 24.4% listings with price drops · Redfin 2026-05-01.

Apartment List metro liquidity

6.7% reported apartment vacancy · 35 days on market. These are direct metro observations and do not describe a particular ZIP unit.

Property-level next step

Compare live same-bedroom listings, concessions, utilities, condition and days listed inside ZIP 15206. The report frames the market; it does not replace a rent roll, lease review or address-level comparable set.

Questions this report can answer

Scope-aware answers

What does Zillow ZORI represent for ZIP 15206?

For June 2026, it is a ZIP-level typical observed asking-rent index blended across rental types. It is not a census of signed leases, an average of all tenant payments, or a bedroom-specific rent schedule. The label matches Census ZCTA 15206 for this report, but that statistical boundary is not identical to USPS delivery geography.

Why does ACS median gross rent differ from Zillow’s asking-rent index?

ACS 2024 five-year median gross rent describes occupied renter homes and includes selected utilities, while Zillow ZORI summarizes typical observed asking rents. The sources have different timing, unit composition, occupancy treatment, and rent definitions. Their difference does not establish a current rent change for matched homes or a price for any listed unit.

Are the displayed bedroom rents measured ZIP rents?

No. The studio-through-four-bedroom amounts are modelled estimates created by scaling the ZIP ZORI level with the local HUD bedroom ladder. HUD FMR/SAFMR is an administrative bedroom-specific standard, not a survey or feed of current asking rents. A specific property can differ because of unit characteristics, utilities, lease terms, condition, and availability.

What does the Redfin resale evidence add to the rent analysis?

It supplies a separate direct ZIP for-sale observation covering median sold price, price change, sales volume, marketing time, inventory, supply, and sale-to-list outcomes. It does not provide rental transactions or property-level rental economics. Dividing annualized ZORI by median sold price creates a cross-source screening ratio, not a substitute for address-specific operating or transaction data.