Squirrel Hill South offers compelling opportunities for real estate investors seeking value in 2026. With a median listing price of $404,900 and Class B-B+ (solid) designation, this neighborhood appeals to balanced investors seeking both cash flow and appreciation. Current market data shows an average cap rate of 5.0% at list price and projected flip ROI of -9.4% 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 22 single-family homes on the market and 2 sheriff sales.
Investment Highlights
-9.4% 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.
2 Sheriff Sales
Below-market acquisition opportunities available
47% Renter Population
Strong tenant demand supports rental investments
Market Overview
The median listing price in Squirrel Hill South is $404,900, with properties ranging from $229,900 to $495,000. Recent sales data shows a median sale price of $510,000 with properties spending an average of 104 days on market. After-repair values (ARV) in this area average $418,882, providing clear targets for fix-and-flip investors. Rental properties in Squirrel Hill South command an average of $2,345 per month, supporting strong cash flow for buy-and-hold strategies.
Squirrel Hill South vs Wider Market
How Squirrel Hill South 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 | Squirrel Hill South | Pittsburgh | Allegheny County |
|---|---|---|---|
| 12-Month Market Activity - trailing 12 months through Sep 03, 2026 | |||
| Homes sold (last 12 months) | 87 | 1,801 | 9,566 |
| Median sold price | $510,000 | $249,900 | $275,000 |
| Median $/sqft (sold) | $262 | $175 | $186 |
| Median days on market | 70 | 72 | 65 |
| Cap rate (at sold price) | 5.1% | 6.0% | 5.7% |
| ARV | $447,390 | $255,211 | $266,641 |
| Rent (monthly) | $2,494 | $1,742 | $1,759 |
| Current Inventory NOW - active listings as of Sep 03, 2026 | |||
| Active listings (count) | 22 | 945 | 3,652 |
| Currently asking (median) | $404,900 | $199,999 | $219,000 |
| Projected flip ROI (active, at list) | -14.8% | -9.0% | -10.8% |
| Upcoming sheriff sales (count) | 2 | - | - |
| Demographics ACS - U.S. Census ACS 2024 | |||
| Median household income | $98,781 | $64,173 | $74,927 |
| Renter % | 46.8% | 45.2% | 34.1% |
| Vacancy rate | 7.8% | - | 5.0% |
| Poverty rate | 9.5% | 17.7% | 12.3% |
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 22
There are currently 22 single-family investment properties available in Squirrel Hill South. Prices start at $229,900 with a median of $404,900.
View All ListingsSheriff Sales & Foreclosures 2
Squirrel Hill South has 2 upcoming sheriff sales, offering investors the opportunity to acquire properties below market value. Starting bids average $2,308.
View Sheriff SalesWhy Invest in Squirrel Hill South?
Neighborhood Profile: As a Class B-B+ (solid) area, Squirrel Hill South attracts balanced investors seeking both cash flow and appreciation. Understanding the neighborhood class helps investors align their strategy with the local market dynamics.
Rent-to-Price Ratio: With average rents of $2,345/month against a median price of $404,900, Squirrel Hill South shows a 6.95% gross rent multiplier, exceeding the 1% rule benchmark.
Low Vacancy: The area's 7.8% vacancy rate indicates strong housing demand and reliable tenant occupancy.
Ideal Investor Profile
Squirrel Hill South offers a balanced investment profile, suitable for investors seeking both monthly cash flow and long-term appreciation. The area attracts working professionals and families, providing stable tenancy with moderate property management requirements.
Analyze Properties in Squirrel Hill South
Use our free investment research tool to explore all available properties with detailed analysis, ARV estimates, and investment calculators.
View Squirrel Hill South PropertiesFrequently Asked Questions
Yes, Squirrel Hill South offers solid investment potential in 2026. With an average cap rate of 5.0% and 22 properties currently available, investors can find opportunities aligned with both fix-and-flip and buy-and-hold strategies.
The median listing price in Squirrel Hill South is $404,900. Prices range from $229,900 to $495,000, providing options for various investment budgets.
Rental properties in Squirrel Hill South average $2,345 per month. Combined with the median purchase price of $404,900, this supports a cap rate of approximately 5.0%.
Yes, there are currently 2 sheriff sales scheduled in Squirrel Hill South. These properties often sell below market value and can provide excellent opportunities for investors willing to navigate the auction process.
Squirrel Hill South offers a balanced investment profile, suitable for investors seeking both monthly cash flow and long-term appreciation. The area attracts working professionals and families, providing stable tenancy with moderate property management requirements.
DealScanner-tracked active listings in Squirrel Hill South show an average cap rate of 5.0% computed at the seller's list price (not at a negotiated MAO). This is on the lower end of the typical Pittsburgh market range, more typical of appreciation-focused areas. The cap rate at a negotiated purchase price below list would be higher.
For fix-and-flip projects in Squirrel Hill South, DealScanner estimates an average rehab budget of $32,251. Combined with the median purchase of $404,900 and an average ARV of $418,882, this drives the projected ROI quoted above. Actual rehab cost varies by property condition, scope, and contractor selection.
Squirrel Hill South is a Class B-B+ (solid) area on the DealScanner neighborhood-class scale (A through D). Class designation reflects property condition, tenant profile, rent stability, and appreciation potential. This makes Squirrel Hill South a fit for balanced investors seeking both cash flow and appreciation.
U.S. Census tract aggregates for Squirrel Hill South show a median household income of $98,781, a renter share of 47%, a vacancy rate of 7.8%. 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 Squirrel Hill South 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 Squirrel Hill South data hub linked on this page.