Investing in South Oakland

Pittsburgh, Allegheny County, PA

Data updated Jul 19, 2026

For Sale: 5 Under Contract: 3 Sold (12 mo): 11

Active Listings NOW

8
currently asking median $294,900
$145,000 - $395,000
Trailing 12 months - all statistics below are computed from sales and rentals recorded in the last 12 months in South Oakland, through . Live counts are tagged NOW.

Median Sold Price

$305,000
Trailing 12-month sold cohort - n=11

Median $/Sqft

$133
Trailing 12-month sold cohort - n=11

Median DOM

225 days
Trailing 12-month sold cohort - n=11

Cap Rate (at sold price)

6.06%
Median, trailing 12-month sold - n=6

ARV

$273,495
Median after-repair value, trailing 12-month sold - n=5

Median Rent

$2,737/mo
Median, trailing 12-month sold cohort - n=6
NOW Active listings today ACS U.S. Census ACS 2024

About South Oakland

South Oakland is a Pittsburgh neighborhood in Allegheny County, Pennsylvania. As of , DealScanner is tracking 8 active listings, currently asking a median of $294,900, a median projected flip ROI of -13.3% on current listings (at list price). Across 11 homes sold in South Oakland over the trailing 12 months, the area has a median sold price of $305,000, a median 225 days on market, a median cap rate of 6.1% (at recorded sale price), an ARV of $273,495, a median rent of $2,737/month. Trailing-12-month medians are used as the area-level basis because they are computed from a much larger sample than the 8 homes currently for sale.

Census signals for South Oakland include a DealScanner neighborhood class of C-, a median household income of $27,383, a renter share of 71.3%. These are factual census tract aggregates, not forecasts - investors typically combine them with the live deal flow above.

Investment Analysis NOW

Computed from 8 active listings in South Oakland - as of

Flip ROI (at list price)
-10.7%
Active listings, not negotiated MAO
Cap Rate (at list price)
7.0%
Active listings, not negotiated MAO
ARV (active listings)
$293,822
Rent (active listings)
$2,305
Avg Rehab (Flip)
$29,160
Avg Rehab (Rental)
$19,033
Typical Condition
Well maintained

Market Velocity

How quickly properties are selling in South Oakland. Days-on-market window: trailing 12 months.

4.0
Months Supply
25.0%
Absorption Rate
225
Median Days on Market
Balanced Market - Supply and demand are relatively even.

Price Trends Declining

Sale Prices (last 12 months)

Median Asking Price: $187,000
Median Sold Price: $305,000
Median Price Change: +63.1%

Price Per Square Foot (last 12 months)

Asking $/sqft: $146
Sold $/sqft: $133
$/sqft Trend: -8.8%
Properties in South Oakland sell for 94.4% of list price on average.
50% of properties sold at asking price, 50% sold after a price reduction (avg -11.2%).

Rental Market 133 rented

Rental activity in South Oakland over the last 12 months.

Median Rent (last 12 months)

Median Rent: $2,325/mo
Based on 133 rented properties in the last 12 months.
Avg. asking → closed change: -0.8%

Rental Velocity

Avg. Days to Rent: 34 days
Median Days to Rent: 26 days
Based on 90 properties with listing date data
84% of properties rented at asking price, 12% rented after a reduction (avg -8.9%), and 3% rented above initial asking.

Frequently Asked Questions

How many homes are for sale in South Oakland right now?

DealScanner is tracking 8 active listings in South Oakland as of Jul 19, 2026, currently asking a median of $294,900. Of those, 5 are actively for sale (not under contract or pending).

What is the median sold price in South Oakland over the last 12 months?

The trailing 12-month median sold price across 11 closed sales in South Oakland is $305,000. Sold-cohort medians are a more stable basis for area-level statistics than current asking prices, especially in neighborhoods with thin active inventory.

What is the typical cap rate in South Oakland (last 12 months)?

Across 11 sold homes in South Oakland over the trailing 12 months, the median cap rate at recorded sale price is 6.1% and the median monthly rent is $2,737. This uses each sale's Final Price with estimated rent and a 30% expense-ratio NOI model; the cap rate at a negotiated MAO would be higher.

When was South Oakland data last updated?

Live market data on this page was last refreshed on Jul 19, 2026. DealScanner refreshes from MLS, county records, and public sources daily.

Neighborhood Demographics ACS

U.S. Census American Community Survey 2024 - tract aggregates for South Oakland

Neighborhood Class
C-
Median Income
$27,383
Vacancy Rate
18.0%
Renter %
71%
Education (Bachelor's+)
51%
Poverty Rate
54.6%

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Read the South Oakland 2026 Investment Guide

In-depth analysis of South Oakland as a real estate investment market: investor profile, market sentiment, opportunity by strategy (BRRRR / flip / buy-and-hold), and answers to common questions.

Read South Oakland 2026 Guide