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Allegheny County, PA

Pittsburgh

RANK #831 / 996 NAT  ·  #41 / 44 PA  ·  POP 1,245,310

1YR FORECAST: -0.5%

5YR OUTLOOK: +15%

#45 Most Undervalued
Our model projects Allegheny County's housing market at -0.5% over the next year, underperforming most U.S. counties.

[01] Why Allegheny County?

Allegheny County, Pennsylvania, is defined by its distinctive landscape where the Allegheny, Monongahela, and Ohio Rivers converge in Pittsburgh, the county seat. This area, known for its many bridges, offers a mix of urban amenities and natural beauty. Towns like Mount Lebanon Township and Franklin Park are noted for their quality of life. The county boasts an extensive park system, with over 12,000 acres across nine regional parks, providing opportunities for hiking, biking, and various year-round activities. Commuting throughout the county is facilitated by the Port Authority of Allegheny County's bus and light rail system.

Life in Allegheny County offers access to highly rated public schools, including districts like North Allegheny and Mt. Lebanon. The economy has diversified from its industrial past, with significant activity in education, healthcare, technology, and manufacturing. Recent economic developments include investments in advanced manufacturing and energy storage, alongside initiatives to strengthen local business districts. The county continues to attract residents seeking a blend of urban accessibility and outdoor recreation.

[02] Market Snapshot

Housing Ratio
2.3x

Undervalued relative to economy

GDP Growth
+1.6%

Below national median

Home Prices
+0.7%

Below national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    UPMC (University of Pittsburgh Medical Center) Healthcare
    50,000+
  2. 2
    Highmark Health Healthcare
    25,000+
  3. 3
    Allegheny Health Network Healthcare
    10,000+
  4. 4
    University of Pittsburgh Education
  5. 5
    Giant Eagle Inc. Retail
  6. 6
    PNC Bank NA Finance
  7. 7
    Federal Government Government
    5,000+
  8. 8
    Carnegie Mellon University Education
  9. 9
    Allegheny County Government
  10. 10
    State Government Government

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Allegheny County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,245,310
-0.06% YoY
Median Household Income
$72,537
Median Home Value
$200,200
+0.74% 12mo
Median Rent
$1,050
Average Annual Pay
$78,297
+3.3% YoY
Employment
670,637
+1.1% YoY
Income-to-Home-Value
0.3623
More affordable than average
Migration Inflow
1.86%
of pop. from another state
Bachelor's Degree+
43.8%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$240,000
Days on Market
87
Slower market
Months of Supply
4.7
Balanced market
Sale-to-List Ratio
96.7%
Negotiation room for buyers
Sold Above List
19.4%
Listings w/ Price Drops
16.8%
Building Permits (2024)
2,999
Single-Family Permits
1,356

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
8.6
per 100K · nat avg 6.3
Firearm Fatalities
14.6
per 100K · nat avg 14.8
Injury Deaths
108.4
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

C
AIR QUALITY
GRADE
Median AQI (3yr)
56.3
Moderate
Good Air Days
34%
368 of 1,095 days
Unhealthy+ Days (3yr)
35
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
57
2022
56
2023
56
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,702M
TOTAL
PROJECT AMOUNT STATUS
Allegheny Energy Center Natural Gas Power Plant
Invenergy
$639M Proposed
Hyperscale Data Center (Springdale)
Allegheny DC Property Co. (Davidson Kempner)
$500M Planned
Eos Energy Battery Manufacturing Expansion & HQ Relocation
Eos Energy Enterprises
$353M Under Construction
2025 Capital Budget - Infrastructure & Capital Improvement Projects
Allegheny County
$131M Under Construction
Allegheny Ridge Wind Repowering
Leeward Renewable Energy (LRE)
$80M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.6% 27 percentile
Population Growth -0.1% 27 percentile
Income Growth +8.8% 59 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +0.7% 41 percentile
Rent Growth +3.9% 66 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Allegheny County, PA a good place to move to?

The data is not encouraging — Allegheny County scores just 16/100 on the Boom Town Index, ranking #831 of 996 counties. Job growth at +1.1% and median household income of $72,537 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Allegheny County affordable?

By national standards, Allegheny County is quite affordable. Homes here have a median value of $200,200, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $1,050/month. Residents can generally buy a home without being cost-burdened.

Is Allegheny County growing or shrinking?

Employers in Allegheny County are hiring — job growth of +1.1% — but the population is close to flat (-0.1% YoY). Home values moved +0.7% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to Allegheny County?

Not particularly — 1.86% of Allegheny County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

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