Metro area index
Home appreciation in the Pittsburgh, PA metro area
FHFA HPI® data shows the Pittsburgh, PA metro area's all-transactions index changed +3.4% over the year to Q2 2026, versus +4.7% for Pennsylvania and +3.0% for the U.S. That ranks 194th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.4%
- 5-year change
- +36.7%
- Since Q1 1995
- +236%
- Metro rank (1 year)
- 194th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Pittsburgh, PA vs Pennsylvania and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Pittsburgh, PA: 336.0
- Pennsylvania: 355.6
- United States: 391.6
Appreciation by time window
| Window | Metro | PA | U.S. | Gap vs PA | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.4% | +4.7% | +3.0% | −1.2 pts | +0.4 pts |
| 3 years | +14.6% | +18.1% | +12.9% | −3.5 pts | +1.7 pts |
| 5 years | +36.7% | +44.2% | +41.3% | −7.5 pts | −4.6 pts |
| 10 years | +78.9% | +86.9% | +93.3% | −8.0 pts | −14.4 pts |
| Since Q1 1995 | +236% | +256% | +292% | −19.6 pts | −55.6 pts |
3-digit ZIP regions in the Pittsburgh, PA area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 150 · New Kensington, PA area | PA | +5.1% | +39.0% | +216% | 100% |
| 151 · Bethel Park, PA area | PA | +3.4% | +36.5% | +226% | 100% |
| 152 · Pittsburgh, PA area | PA | +2.6% | +33.4% | +278% | 100% |
| 156 · Murrysville, PA area | PA | +4.6% | +41.2% | +197% | 99% |
| 154 · Uniontown, PA area | PA | +3.4% | +36.7% | +236% | 98% |
| 160 · Butler, PA area | PA | +3.7% | +41.2% | +220% | 98% |
| 153 · Washington, PA area | PA | +3.0% | +33.5% | +211% | 79% |
| 162 · Clarion, PA area | PA | +3.4% | +36.7% | +236% | 55% |
| 161 · New Castle, PA area | PA | +5.6% | +47.3% | +258% | 46% |
Boom, bust, and recovery in Pittsburgh, PA area
Pittsburgh, PA area's index peaked in Q1 2009, fell 1.7% to its low in Q1 2010, and regained its peak in Q3 2010, about 1.5 years after the top. Today it sits +105% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q1 2010 | -1.7% | Q3 2010 (1.5 yrs) | +105% |
| PA | Q1 2008 | Q2 2012 | -9.4% | Q2 2017 (9.2 yrs) | +83.0% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Pittsburgh, PA area's index has changed +51.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | PA after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.4% | +0.8% | -0.8% |
| 3 years | +9.8% | +4.3% | +7.5% | +2.8% |
| 5 years | +24.0% | +10.2% | +16.3% | +13.9% |
| 10 years | +39.1% | +28.6% | +34.4% | +39.0% |
| Since Q1 1995 | +121% | +51.8% | +60.6% | +76.8% |
If you bought in the Pittsburgh, PA area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +230% | $990,897 |
| Q2 2000 | +184% | $852,741 |
| Q2 2005 | +121% | $663,468 |
| Q2 2010 | +108% | $624,189 |
| Q2 2015 | +85.9% | $557,551 |
| Q2 2020 | +51.3% | $453,925 |
| Q2 2021 | +36.7% | $410,199 |
| Q2 2023 | +14.6% | $343,655 |
| Q2 2025 | +3.4% | $310,221 |
Frequently asked questions
- How much have home prices risen in the Pittsburgh, PA area?
- FHFA HPI® data for the Pittsburgh, PA metro area shows changes of +3.4% over one year, +36.7% over five years, and +78.9% over ten years to Q2 2026, and +236% since Q1 1995.
- Is the Pittsburgh, PA area beating the national average?
- Over the past year the metro's index moved +0.4 pts versus the U.S.; over five years the gap is −4.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.