Investing in South Side Flats

Pittsburgh, Allegheny County, PA

Data updated Jul 19, 2026

For Sale: 29 Under Contract: 7 Sold (12 mo): 53

Active Listings NOW

36
currently asking median $269,900
$50,000 - $499,900
Trailing 12 months - all statistics below are computed from sales and rentals recorded in the last 12 months in South Side Flats, through . Live counts are tagged NOW.

Median Sold Price

$275,000
Trailing 12-month sold cohort - n=53

Median $/Sqft

$181
Trailing 12-month sold cohort - n=53

Median DOM

94 days
Trailing 12-month sold cohort - n=53

Cap Rate (at sold price)

6.12%
Median, trailing 12-month sold - n=39

ARV

$279,666
Median after-repair value, trailing 12-month sold - n=36

Median Rent

$2,076/mo
Median, trailing 12-month sold cohort - n=39
NOW Active listings today ACS U.S. Census ACS 2024

About South Side Flats

South Side Flats is a Pittsburgh neighborhood in Allegheny County, Pennsylvania. As of , DealScanner is tracking 36 active listings, currently asking a median of $269,900, a median projected flip ROI of -10.9% on current listings (at list price). Across 53 homes sold in South Side Flats over the trailing 12 months, the area has a median sold price of $275,000, a median 94 days on market, a median cap rate of 6.1% (at recorded sale price), an ARV of $279,666, a median rent of $2,076/month. Trailing-12-month medians are used as the area-level basis because they are computed from a much larger sample than the 36 homes currently for sale.

Census signals for South Side Flats include a DealScanner neighborhood class of B--C+, a median household income of $73,850, a renter share of 57.8%. These are factual census tract aggregates, not forecasts - investors typically combine them with the live deal flow above.

Investment Analysis NOW

Computed from 36 active listings in South Side Flats - as of

Flip ROI (at list price)
-10.6%
Active listings, not negotiated MAO
Cap Rate (at list price)
6.6%
Active listings, not negotiated MAO
ARV (active listings)
$290,613
Rent (active listings)
$2,152
Avg Rehab (Flip)
$39,496
Avg Rehab (Rental)
$19,814
Typical Condition
Mid Range rehab

Market Velocity

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

5.6
Months Supply
17.8%
Absorption Rate
93
Median Days on Market
Balanced Market - Supply and demand are relatively even.

Price Trends Stable

Sale Prices (last 12 months)

Median Asking Price: $285,000
Median Sold Price: $275,000
Median Price Change: -3.5%

Price Per Square Foot (last 12 months)

Asking $/sqft: $195
Sold $/sqft: $181
$/sqft Trend: -7.0%
Properties in South Side Flats sell for 95.2% of list price on average.
42% of properties sold at asking price, 58% sold after a price reduction (avg -8.3%).

Rental Market 192 rented

Rental activity in South Side Flats over the last 12 months.

Median Rent (last 12 months)

Median Rent: $2,000/mo
Based on 192 rented properties in the last 12 months.
Avg. asking → closed change: -2.1%

Rental Velocity

Avg. Days to Rent: 38 days
Median Days to Rent: 29 days
Based on 149 properties with listing date data
72% of properties rented at asking price, 26% rented after a reduction (avg -8.6%), and 2% rented above initial asking.

Frequently Asked Questions

How many homes are for sale in South Side Flats right now?

DealScanner is tracking 36 active listings in South Side Flats as of Jul 19, 2026, currently asking a median of $269,900. Of those, 29 are actively for sale (not under contract or pending).

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

The trailing 12-month median sold price across 53 closed sales in South Side Flats is $275,000. 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 Side Flats (last 12 months)?

Across 53 sold homes in South Side Flats over the trailing 12 months, the median cap rate at recorded sale price is 6.1% and the median monthly rent is $2,076. 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 Side Flats 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 Side Flats

Neighborhood Class
B- - C+
Median Income
$73,850
Vacancy Rate
10.7%
Renter %
58%
Education (Bachelor's+)
64%
Poverty Rate
24.9%

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Read the South Side Flats 2026 Investment Guide

In-depth analysis of South Side Flats 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 Side Flats 2026 Guide