Pittsburgh

As of May 2026, Pittsburgh, Morgantown, Youngstown have 4,446 active Airbnb and VRBO listings. This represents a 5% increase from the previous year.

The average Airbnb or VRBO in Pittsburgh generates $34K per year. High-performing properties earn $67K/year, while low-performing properties earn $15K/year. This wide disparity indicates that market returns are highly sensitive to specific asset characteristics rather than broad market trends, creating a significant performance gap between top-tier listings and the broader market average.

Average home prices in Pittsburgh vary by property size: 1-bedroom properties cost approximately $101K, 2-bedroom homes average $139K, 3-bedroom properties are around $205K, and 4+ bedroom homes average $293K. These prices reflect median home values across the Pittsburgh, Morgantown, Youngstown area.

Airbnb and VRBO can be profitable in Pittsburgh, with an average gross yield of 17% across all properties. High-performing properties achieve yields up to 34%, which is considered top for short-term rental investment. Such a variance suggests that revenue optimization is heavily dependent on capturing premium demand, as top performers generate double the yield of typical listings.

The average occupancy rate for Airbnbs and VRBOs in Pittsburgh is 37%. This occupancy level, combined with an average nightly rate of $224, results in a RevPAR (revenue per available room) of $67 per day.

2-bedroom properties demonstrate the strongest performance in Pittsburgh, with an average gross yield of 20% and annual revenue of $30K. These properties balance purchase price ($139K), operating costs, and rental demand most effectively in the Pittsburgh market.

Short-term rental regulations vary by jurisdiction in the Pittsburgh area. Pittsburgh: Moderate. Registration required, zoning restrictions apply, safety inspections needed. Enforcement exists but inconsistent across neighborhoods. Morgantown: Lenient. Business license and safety inspection required. Minimal enforcement, many operate informally near WVU campus. Youngstown: Lenient. No specific STR regulations beyond general business licensing. Minimal oversight, hosts largely self-regulate. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Pittsburgh Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 5% year-over-year, while RevPAR has increased 3%. This indicates balanced supply-demand dynamics, where revenue growth is largely keeping pace with inventory expansion, suggesting a stable environment for existing operators rather than rapid market saturation.

Launch around January, 2-3 months before peak fall season (April peaks). This pre-peak timing lets you build reviews when competition is 25% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (January-March) when gaining traction is harder.

The most common amenities in Pittsburgh listings include: Air Conditioning (96%), Kitchen (94%), Tv (91%), Washing Machine (77%), Heating (75%). Amenities that boost revenue the most include Hot Tub, Pool, Washing Machine, with Hot Tub properties earning approximately 44% more ($62K/year vs $43K/year).

Monthly estimated revenue per listing in Pittsburgh over the last 12 months: May: $2K, June: $2K, July: $2K, August: $2K, September: $2K, October: $2K, November: $2K, December: $2K, January: $2K, February: $2K, March: $1K, April: $3K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Pittsburgh is $224, up 20% year-over-year. By property size: 1-bedroom properties average $132/night, 2-bedroom properties average $186/night, 3-bedroom properties average $262/night, 4+ bedroom properties average $434/night. Rates peak in April and are lowest in March.

Guests in Pittsburgh book an average of 32 days in advance, down 13% from last year. By property size: 1-bedroom: 28 days, 2-bedroom: 33 days, 3-bedroom: 34 days, 4+ bedroom: 38 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, supply grew 5%, revenue per listing increased 3%, occupancy fell 2%, average nightly rates increased 20%, and lead time decreased 13%. These metrics suggest a shift toward higher-rate, shorter-duration stays, where increased competition for occupancy is being offset by a stronger focus on premium nightly pricing.

In Pittsburgh, Saturday sees the highest booking demand while Tuesday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 67% higher occupancy than weekdays.