Airbnb Rules and Regulations in Pittsburgh, Pennsylvania

As of 2024, Pittsburgh has regulations for short-term rentals. Hosts are required to obtain an annual permit and undergo home property inspections every three years to ensure compliance with safety standards. The city also mandates that hosts provide detailed contact information to facilitate communication with local authorities. Occupancy limits are in place to prevent overcrowding, and hosts must adhere to strict noise and parking regulations to minimize disturbances to neighboring residents.

While there are no outright bans on short-term rentals in specific zones, the city encourages responsible hosting practices and has the authority to suspend or remove listings that repeatedly violate community guidelines or create chronic nuisances. Pittsburgh's approach to regulating Airbnb strikes a balance between allowing property owners to participate in the short-term rental market and protecting the interests of long-term residents and communities.

Pittsburgh Airbnb Market Data:

• Average Revenue – $22.9K per year
• Average Daily Rate – $138.7 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $77.1
• Average Home Prices – $222,433

1. Top Place to Invest in Pittsburgh, Pennsylvania - Lawrenceville

Lawrenceville, a vibrant and trendy neighborhood in Pittsburgh, has become a hotspot for Airbnb investors. With its unique blend of historic charm and modern amenities, this area offers a compelling opportunity for those looking to capitalize on the market and start their own short-term rental.

Lawrenceville Airbnb Market Data:

• Average Revenue – $28.4K per year
• Average Daily Rate – $148.4 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $93.7

Convenience - 8/10

Lawrenceville boasts a highly walkable layout, with numerous shops, restaurants, and cafes within easy reach. The neighborhood is well-connected to public transportation, making it convenient for both residents and visitors to navigate the city.

Tourist Attractions - 7/10

While not as well-known as some other Pittsburgh destinations, Lawrenceville has its fair share of attractions. The Allegheny Cemetery, with its beautiful grounds and rich history, is a must-see. The Clemente Museum, dedicated to the legendary baseball player Roberto Clemente, is another notable draw.

Things to Do - 9/10

Lawrenceville is a haven for foodies, with a wide array of culinary options ranging from casual eateries to upscale dining establishments. The neighborhood also has a thriving arts scene, with galleries, studios, and live music venues scattered throughout. Visitors can explore the boutique shops and indie stores that line Butler Street, the area's main thoroughfare.

Average Home Prices - 7/10

As of 2024, the median home price in Lawrenceville is $425,000, according to Zillow data. This represents a 4.2% appreciation rate over the past year, indicating a stable and growing market. While prices are higher than in some other Pittsburgh neighborhoods, the potential for strong short-term rental demand makes Lawrenceville an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Lawrenceville is conveniently located near several major employers and destinations. The neighborhood is just a short drive from the University of Pittsburgh Medical Center (UPMC), making it an ideal location for medical professionals. The David L. Lawrence Convention Center and PPG Paints Arena are also easily accessible, providing opportunities for event-related rentals.

X-Factor - 9/10

What sets Lawrenceville apart is its unique blend of old and new. The neighborhood has undergone a remarkable transformation in recent years, with historic buildings being repurposed into trendy lofts, galleries, and eateries. This fusion of industrial heritage and contemporary cool creates a distinctive atmosphere that appeals to both locals and visitors alike.

2. Top Place to Invest in Pittsburgh, Pennsylvania - South Side

Across the Monongahela River from downtown Pittsburgh lies the vibrant and eclectic South Side neighborhood. With its unique blend of historic charm, thriving nightlife, and diverse community, the South Side has emerged as a top contender for establishing Airbnb business investments in the Steel City.

South Side Airbnb Market Data:

• Average Revenue – $20.4K per year
• Average Daily Rate – $132 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $71.1

Convenience - 8/10

The South Side boasts excellent walkability, with a wide array of shops, restaurants, and entertainment venues concentrated along East Carson Street. Public transportation is readily available, connecting the neighborhood to other parts of the city, while the nearby South Side Riverfront Trail offers a scenic route for cyclists and pedestrians.

Tourist Attractions - 7/10

While not as well-known as some of Pittsburgh's more famous landmarks, the South Side has its fair share of attractions. The South Side Slopes provide a unique glimpse into the city's history with their picturesque hillside homes and public staircases. The neighborhood also features several galleries, theaters, and live music venues that draw visitors from across the region.

Things to Do - 9/10

The South Side is renowned for its lively nightlife scene, with East Carson Street often compared to Bourbon Street in New Orleans. From dive bars to upscale cocktail lounges, there's no shortage of options for a night out. During the day, visitors can explore the neighborhood's many boutiques, vintage shops, and quirky stores, or indulge in the diverse culinary offerings, ranging from classic Pittsburgh fare to international cuisines.

Average Home Prices - 7/10

As of 2024, the median home price in the South Side Flats is $241,406, while in the South Side Slopes, it's $118,748. These prices represent a more affordable option compared to some other popular Pittsburgh neighborhoods. According to Zillow data, home values in Pittsburgh are expected to rise by 6.3% between June 2023 and June 2024, indicating a positive outlook for short-term real estate investments in the area.

Proximity to Work-Related Travel - 8/10

The South Side's location makes traveling to major employment centers convenient. The neighborhood is just a short drive or bus ride from downtown Pittsburgh, the Strip District, and Oakland, home to the University of Pittsburgh and UPMC hospitals. The proximity to the Pittsburgh Convention Center and sports venues like Acrisure Stadium and PNC Park also makes the South Side an attractive option for event-related rentals.

X-Factor - 9/10

What sets the South Side apart is its unparalleled sense of community and diversity. The neighborhood seamlessly blends old and new, with long-time residents mingling with young professionals and creatives. This unique mix of people, combined with the area's rich history and architecture, creates a welcoming and exciting atmosphere for visitors and investors alike.

3. Top Place to Invest in Pittsburgh, Pennsylvania - Friendship

Nestled in the heart of Pittsburgh, Friendship is a charming and welcoming neighborhood that has been gaining attention from Airbnb and short-term rental investors. This historic area, with its tree-lined streets and beautiful architecture, offers a peaceful retreat while still being close to the city's main attractions.

Friendship Airbnb Market Data:

• Average Revenue – $33K per year
• Average Daily Rate – $173.1 per night
• Average Occupancy Rate – 72%
• Average RevPAR – $124.8

Convenience - 7/10

Friendship is a walkable neighborhood, with several local shops and restaurants within easy reach. Public transportation is available, connecting the area to downtown Pittsburgh and other parts of the city. However, the neighborhood's residential nature means that some amenities may be a bit further away compared to more central locations.

Tourist Attractions - 6/10

While Friendship itself doesn't boast many major tourist attractions, its proximity to other popular Pittsburgh destinations makes it an attractive base for visitors. The neighborhood is just a short drive from the Carnegie Museums, the University of Pittsburgh, and the Phipps Conservatory and Botanical Gardens.

Things to Do - 7/10

Friendship's appeal lies in its quaint, small-town atmosphere. Visitors can stroll through the neighborhood's picturesque streets, admiring the well-maintained homes and gardens. The area also features several local parks, including Baum Grove and Friendship Park, which offer a pleasant setting for picnics and outdoor activities.

Average Home Prices - 8/10

As of 2024, the median home price in Friendship is $375,000, according to Zillow data. This represents a 3.8% appreciation rate over the past year, indicating a stable and growing market. While prices are higher than some other Pittsburgh neighborhoods, the area's charm and location make it an attractive option for investors seeking a balance between affordability and potential rental income.

Proximity to Work-Related Travel - 7/10

Friendship's location puts it within easy reach of several major employers and destinations. The neighborhood is just a short drive from the University of Pittsburgh Medical Center (UPMC) and the University of Pittsburgh campus. With its convention center and sports venues, Downtown Pittsburgh is also easily accessible via public transportation or a short car ride.

X-Factor - 8/10

What makes Friendship unique is its strong sense of community and neighborly spirit. The area is known for its active community association, which organizes events and initiatives throughout the year. This tight-knit atmosphere, combined with the neighborhood's historic charm and convenient location, creates an inviting environment for both residents and visitors.

4. Top Place to Invest in Pittsburgh, Pennsylvania - East Allegheny

East Allegheny, also known as Deutschtown, is a hidden gem in Pittsburgh's real estate market. This historic neighborhood, located on the city's North Side, has been experiencing a renaissance in recent years, attracting both residents and investors with its unique blend of old-world charm and modern amenities.

East Allegheny Airbnb Market Data:

• Average Revenue – $24.5K per year
• Average Daily Rate – $140.9 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $77.1

Convenience - 8/10

East Allegheny boasts a highly walkable layout, with a variety of shops, restaurants, and services within easy reach. The neighborhood is well-connected to public transportation, with several bus lines running through the area and the North Side T station just a short walk away, making it convenient for both residents and visitors to explore the city.

Tourist Attractions - 7/10

While East Allegheny may not be as well-known as some other Pittsburgh neighborhoods, it has its fair share of attractions. The Mattress Factory, a contemporary art museum housed in a former factory building, is a must-see for art enthusiasts. The historic Teutonia Männerchor, a German cultural center, hosts events and concerts throughout the year, adding to the neighborhood's cultural vibrancy.

Things to Do - 8/10

East Allegheny offers a diverse range of activities for residents and visitors alike. The neighborhood is home to several parks, including Allegheny Commons and East Park, which provide ample green space for outdoor recreation. The area also has a thriving food scene, with a mix of traditional German eateries and newer, trendy restaurants and cafes. The annual Deutschtown Music Festival, held each summer, is a highlight of the neighborhood's local event calendar, bringing in travelers from all around the country.

Average Home Prices - 9/10

As of 2024, the median home price in East Allegheny is $225,000, according to Zillow data. This represents a 5.6% appreciation rate over the past year, indicating a strong and growing market. The neighborhood's relatively affordable prices, prime location, and growing popularity make it an attractive option for Airbnb and short-term rental investors.

Proximity to Work-Related Travel - 8/10

East Allegheny's location on the North Side is close to several major employers and destinations. The neighborhood is just a short drive or bus ride from Allegheny General Hospital, one of the city's largest medical centers. With its convention center and numerous office buildings, Downtown Pittsburgh is also easily accessible via public transportation or a quick car ride.

X-Factor - 9/10

What sets East Allegheny apart is its rich history and cultural heritage. The neighborhood's German roots are still evident in its architecture, festivals, and food scene, creating a unique and charming atmosphere. At the same time, the area has been undergoing a revitalization, with new businesses and developments bringing a fresh energy to the community. This combination of old-world character and modern vitality makes East Allegheny a one-of-a-kind destination for both residents and visitors.

5. Top Place to Invest in Pittsburgh, Pennsylvania - Sheraden

Sheraden, a quiet residential neighborhood in Pittsburgh's West End, has been gaining attention from savvy Airbnb and short-term rental investors. With its affordable housing prices, convenient location, and close-knit community, Sheraden offers a unique opportunity for those looking to enter the Pittsburgh short-term rental market.

Sheraden Airbnb Market Data:

• Average Revenue – $24.3K per year
• Average Daily Rate – $169.3 per night
• Average Occupancy Rate – 43%
• Average RevPAR – $73.8

Convenience - 6/10

Sheraden is primarily a residential area, with a limited number of shops and restaurants within walking distance. However, the neighborhood is well-connected to public transportation, with several bus lines running through the area, making it easy for residents and visitors to access other parts of the city.

Tourist Attractions - 4/10

As a primarily residential neighborhood, Sheraden doesn't have many major tourist attractions. The area's main draw is its quiet, small-town atmosphere and proximity to other Pittsburgh destinations. The neighborhood does have several parks, including Sheraden Park and McGonigle Park, which offer outdoor recreation opportunities for residents and visitors.

Things to Do - 5/10

Sheraden's appeal lies in its peaceful, family-friendly environment. While the neighborhood may not have a bustling nightlife or a wide variety of entertainment options, it does offer a range of community events and activities throughout the year. The Sheraden Community Council organizes events such as the annual Sheraden Community Festival, which brings together residents for food, music, and fun.

Average Home Prices - 9/10

One of Sheraden's main attractions for investors is its affordable housing prices. As of 2024, the median home price in Sheraden is $95,000, according to Zillow data. This represents a 2.7% appreciation rate over the past year, indicating a stable market with potential for growth. The neighborhood's low entry prices, combined with its convenient location, make it an attractive option for Airbnb and short-term rental investors looking to maximize their return on investment.

Proximity to Work-Related Travel - 7/10

Sheraden's location on the West End puts it within reasonable proximity to several major employers and destinations. The neighborhood is approximately a 15-minute drive from downtown Pittsburgh, with its convention center and numerous office buildings. The Pittsburgh International Airport is also easily accessible, with a drive time of around 20 minutes.

X-Factor - 7/10

What makes Sheraden unique is its strong sense of community and neighborly spirit. The area is known for its active community council and engaged residents who work together to improve the neighborhood. This tight-knit atmosphere, combined with the neighborhood's affordable housing prices and convenient location, creates an attractive opportunity for investors looking to tap into Pittsburgh's growing short-term rental market.

6. Top Place to Invest in Pittsburgh, Pennsylvania - Bloomfield

Bloomfield, known as Pittsburgh's "Little Italy," is a vibrant neighborhood that has been attracting savvy Airbnb and short-term rental investors. With its rich history, thriving food scene, and convenient location, Bloomfield offers a unique opportunity for those looking to capitalize on Pittsburgh's growing tourism market.

Bloomfield Airbnb Market Data:

• Average Revenue – $26.7K per year
• Average Daily Rate – $156.8 per night
• Average Occupancy Rate – 55%
• Average RevPAR – $85

Convenience - 8/10

Bloomfield boasts excellent walkability, with numerous shops, restaurants, and amenities within easy reach. The neighborhood is well-connected to public transportation, making it convenient for visitors to explore other parts of the city. However, parking can be a challenge in some areas, particularly during popular events like the annual Little Italy Days festival.

Tourist Attractions - 7/10

While Bloomfield may not have many major tourist attractions, its authentic Italian charm and vibrant atmosphere are a draw for visitors. The neighborhood is home to several historic churches, including St. Maria Goretti and Immaculate Conception, which offer a glimpse into the area's rich cultural heritage. Bloomfield also hosts the popular Little Italy Days festival each summer, attracting thousands of visitors to celebrate Italian culture and cuisine.

Things to Do - 9/10

Bloomfield is a food lover's paradise, with an abundance of Italian restaurants, bakeries, and specialty shops. Visitors can indulge in classic dishes like homemade pasta, pizza, and gelato or explore the neighborhood's growing craft beer scene at local breweries like Trace Brewing. The neighborhood also offers a variety of unique shopping experiences, from vintage clothing stores to quirky gift shops like Wildcard.

Average Home Prices - 8/10

As of 2024, the median home price in Bloomfield is $249,900, according to Zillow data. This represents a 5.6% appreciation rate over the past year, indicating a strong and growing market. While prices are higher than in some other Pittsburgh neighborhoods, Bloomfield's prime location and desirable amenities make it an attractive option for investors seeking a balance between affordability and potential rental income.

Proximity to Work-Related Travel - 9/10

Bloomfield's central location puts it within easy reach of major employment centers and destinations. The neighborhood is just a short drive or bus ride from downtown Pittsburgh, with its convention center and numerous office buildings. It is also conveniently located near the Strip District, a popular destination for food and entertainment. Additionally, Bloomfield is close to several major hospitals, including West Penn Hospital and UPMC Children's Hospital of Pittsburgh. This puts Bloomfield as a prime location for a corporate rental, serving the business folks in need.

X-Factor - 9/10

What sets Bloomfield apart is its authentic Italian heritage and tight-knit community feel. The neighborhood's narrow streets, colorful rowhouses, and family-owned businesses create a charming and welcoming atmosphere that is hard to find elsewhere in the city. This unique character, combined with Bloomfield's growing popularity among young professionals and creatives, makes it a desirable destination for both short-term and long-term visitors.