Investing in Spring Garden

Pittsburgh, Allegheny County, PA

Data updated Jul 19, 2026

For Sale: 7 Under Contract: 1 Sold (12 mo): 9

Active Listings NOW

8
currently asking median $143,500
$100,000 - $200,000
Trailing 12 months - all statistics below are computed from sales and rentals recorded in the last 12 months in Spring Garden, through . Live counts are tagged NOW.

Median Sold Price

$48,900
Trailing 12-month sold cohort - n=9

Median $/Sqft

$19
Trailing 12-month sold cohort - n=9

Median DOM

207 days
Trailing 12-month sold cohort - n=9

Cap Rate (at sold price)

11.08%
Median, trailing 12-month sold - n=4

ARV

$181,585
Median after-repair value, trailing 12-month sold - n=4

Median Rent

$1,549/mo
Median, trailing 12-month sold cohort - n=6
NOW Active listings today ACS U.S. Census ACS 2024

About Spring Garden

Spring Garden is a Pittsburgh neighborhood in Allegheny County, Pennsylvania. As of , DealScanner is tracking 8 active listings, currently asking a median of $143,500, a median projected flip ROI of -33.2% on current listings (at list price). Across 9 homes sold in Spring Garden over the trailing 12 months, the area has a median sold price of $48,900, a median 207 days on market, a median cap rate of 11.1% (at recorded sale price), an ARV of $181,585, a median rent of $1,549/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 Spring Garden include a DealScanner neighborhood class of C+, a median household income of $72,020, a renter share of 53.4%. 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 Spring Garden - as of

Flip ROI (at list price)
-27.7%
Active listings, not negotiated MAO
Cap Rate (at list price)
8.4%
Active listings, not negotiated MAO
ARV (active listings)
$172,453
Rent (active listings)
$1,736
Avg Rehab (Flip)
$51,203
Avg Rehab (Rental)
$32,074
Typical Condition
Aging

Market Velocity

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

8.4
Months Supply
11.9%
Absorption Rate
207
Median Days on Market
Buyer's Market - More inventory available. Buyers have negotiating power.

Price Trends Stable

Sale Prices (last 12 months)

Median Asking Price: $84,900
Median Sold Price: $48,900
Median Price Change: -42.4%

Price Per Square Foot (last 12 months)

Asking $/sqft: $30
Sold $/sqft: $19
$/sqft Trend: -35.9%
Properties in Spring Garden sell for 87.0% of list price on average.
50% of properties sold at asking price, 50% sold after a price reduction (avg -9.4%).

Rental Market 10 rented

Rental activity in Spring Garden over the last 12 months.

Median Rent (last 12 months)

Median Rent: $1,924/mo
Based on 10 rented properties in the last 12 months.
Avg. asking → closed change: +2.5%

Rental Velocity

Avg. Days to Rent: 74 days
Median Days to Rent: 67 days
Based on 8 properties with listing date data
38% of properties rented at asking price, 50% rented after a reduction (avg -6.4%), and 12% rented above initial asking.

Frequently Asked Questions

How many homes are for sale in Spring Garden right now?

DealScanner is tracking 8 active listings in Spring Garden as of Jul 19, 2026, currently asking a median of $143,500. Of those, 7 are actively for sale (not under contract or pending).

What is the median sold price in Spring Garden over the last 12 months?

The trailing 12-month median sold price across 9 closed sales in Spring Garden is $48,900. 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 Spring Garden (last 12 months)?

Across 9 sold homes in Spring Garden over the trailing 12 months, the median cap rate at recorded sale price is 11.1% and the median monthly rent is $1,549. 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 Spring Garden 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 Spring Garden

Neighborhood Class
C+
Median Income
$72,020
Vacancy Rate
17.1%
Renter %
53%
Education (Bachelor's+)
37%
Poverty Rate
11.4%

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Read the Spring Garden 2026 Investment Guide

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

Read Spring Garden 2026 Guide