CASTLE SHANNON offers compelling opportunities for real estate investors seeking value in 2026. With a median listing price of $242,450 and Class A--C+ (premium) designation, this municipality appeals to appreciation-focused investors seeking stable, high-value properties. Current market data shows an average cap rate of 5.6% at list price and projected flip ROI of -19.3% at list price for investment properties. Both metrics are computed against the seller's asking price - not against a negotiated Maximum Allowable Offer (MAO) - so they measure how aggressively listings are priced versus the 70% ARV - rehab benchmark. Investors currently have access to 18 single-family homes on the market and 1 sheriff sales.
Investment Highlights
-19.3% Projected Flip ROI (at list price)
Value-Focused fix-and-flip potential at current asking prices. Negative values mean retail listings are typically priced above the 70% ARV - rehab MAO formula and require negotiation to hit a profitable flip.
1 Sheriff Sales
Below-market acquisition opportunities available
Market Overview
The median listing price in CASTLE SHANNON is $242,450, with properties ranging from $174,000 to $365,000. Recent sales data shows a median sale price of $227,000 with properties spending an average of 91 days on market. After-repair values (ARV) in this area average $250,236, providing clear targets for fix-and-flip investors. Rental properties in CASTLE SHANNON command an average of $1,661 per month, supporting strong cash flow for buy-and-hold strategies.
CASTLE SHANNON vs Wider Market
How CASTLE SHANNON compares on the metrics that matter to investors. Headline price, DOM, cap (at sale), ARV, and rent use the trailing 12-month sold cohort because most areas have only a handful of homes for sale at any moment. Projected flip ROI uses active listings at list price (most closings are not flips). Current inventory counts and U.S. Census demographics are listed separately. Sheriff sale starting bids are listed separately and are not mixed into market price baselines.
| Metric | CASTLE SHANNON | Allegheny County |
|---|---|---|
| 12-Month Market Activity - trailing 12 months through Jul 19, 2026 | ||
| Homes sold (last 12 months) | 74 | 8,872 |
| Median sold price | $227,000 | $274,900 |
| Median $/sqft (sold) | $179 | $186 |
| Median days on market | 60 | 65 |
| Cap rate (at sold price) | 5.9% | 5.8% |
| ARV | $229,828 | $262,284 |
| Rent (monthly) | $1,628 | $1,749 |
| Current Inventory NOW - active listings as of Jul 19, 2026 | ||
| Active listings (count) | 18 | 3,785 |
| Currently asking (median) | $242,450 | $225,000 |
| Projected flip ROI (active, at list) | -14.0% | -11.4% |
| Upcoming sheriff sales (count) | 1 | - |
| Demographics ACS - U.S. Census ACS 2024 | ||
| Median household income | $80,262 | $75,246 |
| Renter % | 28.2% | 33.5% |
| Vacancy rate | - | 5.0% |
| Poverty rate | 7.8% | 11.9% |
12-Month Market Activity: Closed sales in the trailing 365 days. Median sold price, $/sqft, days on market, modeled cap rate at recorded sale price, ARV, and rent use this cohort. Flip ROI is not shown here: most closings are not fix-and-flips. Pittsburgh and Allegheny County use the same window.
Cap rate (sold cohort): Unlevered cap at each sale's Final Price with estimated rent, 30% expense-ratio NOI, and modeled buying costs - not at MAO.
Projected flip ROI (active): From current MLS listings at list price (median when available). Not realized profit on past sales.
Current Inventory: Active listing counts, median ask, projected flip ROI at list, and sheriff sale counts as of the freshness date above.
Demographics: U.S. Census Bureau American Community Survey (ACS) 2024 5-year estimate, aggregated across census tracts.
Current Opportunities
Single-Family Homes for Sale 18
There are currently 18 single-family investment properties available in CASTLE SHANNON. Prices start at $174,000 with a median of $242,450.
View All ListingsSheriff Sales & Foreclosures 1
CASTLE SHANNON has 1 upcoming sheriff sales, offering investors the opportunity to acquire properties below market value. Starting bids average $4,453.
View Sheriff SalesWhy Invest in CASTLE SHANNON?
Neighborhood Profile: As a Class A--C+ (premium) area, CASTLE SHANNON attracts appreciation-focused investors seeking stable, high-value properties. Understanding the neighborhood class helps investors align their strategy with the local market dynamics.
Rent-to-Price Ratio: With average rents of $1,661/month against a median price of $242,450, CASTLE SHANNON shows a 8.22% gross rent multiplier, exceeding the 1% rule benchmark.
Ideal Investor Profile
CASTLE SHANNON is best suited for investors prioritizing appreciation and stability over immediate cash flow. Properties here typically require less renovation and attract higher-quality tenants, making it ideal for passive investors or those building long-term wealth.
Analyze Properties in CASTLE SHANNON
Use our free investment research tool to explore all available properties with detailed analysis, ARV estimates, and investment calculators.
View CASTLE SHANNON PropertiesFrequently Asked Questions
Yes, CASTLE SHANNON offers solid investment potential in 2026. With an average cap rate of 5.6% and 18 properties currently available, investors can find opportunities aligned with both fix-and-flip and buy-and-hold strategies.
The median listing price in CASTLE SHANNON is $242,450. Prices range from $174,000 to $365,000, providing options for various investment budgets.
Rental properties in CASTLE SHANNON average $1,661 per month. Combined with the median purchase price of $242,450, this supports a cap rate of approximately 5.6%.
Yes, there are currently 1 sheriff sales scheduled in CASTLE SHANNON. These properties often sell below market value and can provide excellent opportunities for investors willing to navigate the auction process.
CASTLE SHANNON is best suited for investors prioritizing appreciation and stability over immediate cash flow. Properties here typically require less renovation and attract higher-quality tenants, making it ideal for passive investors or those building long-term wealth.
DealScanner-tracked active listings in CASTLE SHANNON show an average cap rate of 5.6% computed at the seller's list price (not at a negotiated MAO). This is in line with the typical Pittsburgh market range of 5 to 7 percent for buy-and-hold rentals. The cap rate at a negotiated purchase price below list would be higher.
For fix-and-flip projects in CASTLE SHANNON, DealScanner estimates an average rehab budget of $18,452. Combined with the median purchase of $242,450 and an average ARV of $250,236, this drives the projected ROI quoted above. Actual rehab cost varies by property condition, scope, and contractor selection.
CASTLE SHANNON is a Class A--C+ (premium) area on the DealScanner neighborhood-class scale (A through D). Class designation reflects property condition, tenant profile, rent stability, and appreciation potential. This makes CASTLE SHANNON a fit for appreciation-focused investors seeking stable, high-value properties.
U.S. Census tract aggregates for CASTLE SHANNON show a median household income of $80,262, a renter share of 28%. These are factual signals, not forecasts - they help investors size up tenant pool, rent stability, and property-management overhead.
See the comparison table on this page for CASTLE SHANNON side-by-side with Pittsburgh and Allegheny County baselines on median price, price-per-sqft, average cap rate, average rent, and key census signals. Areas that beat both baselines on cap rate while staying in line on demographics typically offer the strongest risk-adjusted returns.
Active listings, sheriff sales, recent sales, and rent estimates are refreshed daily from MLS, county records, and public sources. Census signals are updated annually from the U.S. Census Bureau ACS 5-year estimates. For the most current view, see the live CASTLE SHANNON data hub linked on this page.