Pittsburgh, Pennsylvania Short-Term Rental Market
Pittsburgh STRs averaged $184/night at 57.7% occupancy in June 2026, though occupancy fell 13.6% year over year.
Quick Answer: Pittsburgh, Pennsylvania is an active short-term rental market. average occupancy in the Pittsburgh market area is 58%. average monthly revenue in the Pittsburgh market area is $2,909. average daily rate in the Pittsburgh market area is $184. the top operator in the Pittsburgh market area is Casual Nomad with 173 listings. market score is 94/100 (grade A).
Market data reflects the wider Pittsburgh market, which covers 2 areas. Regulations, taxes, and permit details below are specific to Pittsburgh.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Pittsburgh posted a $184.24 average daily rate at 57.7% occupancy for June 2026, the latest tracked month, with average revenue per listing of $2,909. Occupancy fell 13.6% year over year and revenue fell 16.6%, even as ADR rose 5.2%, a demand pullback investors should note despite continued rate growth. The market’s total score is a very strong 94.10 out of 100, among the highest in this entire data set, driven by an 89.17 rental demand score, 87.23 investability score, and 82.03 seasonality score.
Entire-place listings account for 83.3% of the roughly 5,115 tracked units, with private rooms at 16.6% and shared rooms just 0.08%. Bedroom mix skews heavily toward one-bedroom units, the largest segment at 44.8% of the 5,110 bedroom-tagged listings, followed by two-bedrooms at 24.1%, three-bedrooms at 18.9%, four-bedrooms at 8.3%, and five-plus-bedrooms at 4.0%. On booking channel, 58.9% of listings are Airbnb-only, 36.3% list on both Airbnb and VRBO, and 4.8% are VRBO-only.
Pittsburgh’s population is approximately 307,632, and the broader region draws more than 20 million visitors annually, generating a record $6.8 billion in economic impact in 2024 and supporting roughly 42,600 tourism jobs. Demand blends business and convention travel through the David L. Lawrence Convention Center, 269 booked events and about 347,000 hotel room nights in 2024, sports tourism tied to the Steelers, Penguins, and Pirates, and university and healthcare-related visitors tied to Pitt, CMU, and UPMC. The city is set to host the NFL Draft as a major upcoming draw.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 48% | $98 | $1,451 |
| Feb | 57% | $104 | $1,496 |
| Mar | 60% | $111 | $1,829 |
| Apr | 60% | $130 | $2,047 |
| May | 61% | $136 | $2,309 |
| Jun | 64% | $137 | $2,343 |
| Jul | 69% | $125 | $2,399 |
| Aug | 70% | $124 | $2,437 |
| Sep | 64% | $124 | $2,136 |
| Oct | 63% | $131 | $2,327 |
| Nov | 57% | $123 | $1,958 |
| Dec | 55% | $119 | $1,900 |
Top Short-Term Rental Operators in Pittsburgh market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Pittsburgh market as a whole, which includes Pittsburgh, so these counts are not Pittsburgh-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Casual Nomad | 173 | 2,775 | ★ 3.49 |
| 2 | HostWise | 141 | 15,353 | ★ 4.92 |
| 3 | Kasa Properties | 68 | 837 | ★ 4.62 |
| 4 | Evolve | 57 | 1,772 | ★ 4.55 |
| 5 | Pittsburgh Furnished Rentals, LLC | 53 | 8,046 | ★ 4.89 |
What Kind of STR Should I Buy in Pittsburgh?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 2,289 |
| 2 bed | 1,230 |
| 3 bed | 964 |
| 4 bed | 424 |
| 5 bed | 203 |
ADR by Property Tier
| Entire Home | $211 |
| Luxury | $348 |
| Professionally Managed | $216 |
Revenue by Dwelling Type
| Apartment | $2,564 |
| Entire Place | $3,284 |
| House | $3,209 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 58.9% |
| vrbo | 4.8% |
| both | 36.3% |
Investment Analysis
Pittsburgh’s typical home value is $240,538, with a median sale price of $229,333 and an 86.1% sale-to-list ratio, 1,995 homes for sale, and a fast 17-day median time to pending, as of the April 2026 housing snapshot. Using the 2025 full-year average revenue of $2,616 per month, annualized to $31,392, estimated gross rental yield is approximately 13.1% of the typical home value, before permit fees, taxes, and operating costs, one of the stronger yield estimates in this batch given Pittsburgh’s comparatively affordable home prices.
Across ADR tiers, the all-listings average of $184.24 compares to $211.29 for entire-home listings (up 14.7%), $215.56 for professionally managed listings (up 17.0%), and $348.41 for the luxury tier (up 89.1% over the market-wide average), one of the widest luxury-tier premiums in this batch. Revenue by property type: entire-place listings averaged $3,284 in June, ahead of houses at $3,209 (entire-place running 2.3% higher) and well above apartments at $2,564 (entire-place running 28.1% higher).
The occupancy decline of 13.6% and revenue decline of 16.6% year over year, despite a 5.2% ADR gain, are the most significant negative trend seen in this batch and warrant caution; investors should investigate whether this reflects a temporary supply surge, a data comparison base effect, or a genuine demand shift before underwriting future revenue on current growth assumptions. The market’s 87.23 investability score and 89.17 rental demand score both remain strong on an absolute basis, and the 59.42 regulation score reflects an evolving framework: Pittsburgh’s Residential Housing Rental Permit Program, launched December 2024, currently sees enforcement stayed by litigation, with dedicated STR-specific rules advancing through City Council but not yet finalized.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
Run a Free Address Analysis
Skip the market averages. Get revenue projections, comp analysis, and ROI for your specific property address. Free, instant, no signup required.
Analyze My Property →Home Value Trends (Pittsburgh)
Booking Insights
Pittsburgh’s average booking window runs 46.0 days of lead time, the shortest lead time among the markets processed in this batch, with a 3.85-night average length of stay. This short window is consistent with a market driven significantly by convention, sports, and business travel, where bookings often materialize closer to the event date than in vacation-driven markets.
For owners, a 46-day lead time supports a highly responsive, near-term pricing strategy, since a large share of demand books within about six and a half weeks of arrival. Given the sharp year-over-year occupancy and revenue declines noted above, owners should watch near-term booking pace closely rather than relying on prior-year patterns, and the short lead time gives less runway to correct pricing if demand runs softer than expected in a given month. The 3.85-night average stay also supports 2 to 3-night minimum-stay policies without meaningfully restricting demand, useful for maximizing turnover during the August and July peak.
Short-Term Rental Regulations
Pittsburgh regulates short-term rentals primarily through its Residential Housing Rental Permit Program, launched December 2024, which does not distinguish short-term from long-term rentals. Every rental unit must be registered and pass an inspection; the registration fee is $16 per unit, with inspection fees of $5.50 per unit plus $14 per dwelling or sleeping unit, and permits renew annually.
Enforcement was originally scheduled to begin June 1, 2025, with penalties of up to $500 per unit for operating without a valid permit. That enforcement has been stayed due to a lawsuit filed by the Apartment Association of Metropolitan Pittsburgh alleging violations of Pennsylvania Home Rule Law; as of early 2026, participation remains voluntary, and the city must provide 30 days’ public notice before mandatory enforcement begins. On taxes, STR operators must collect a 7% Allegheny County hotel room rental tax plus Pennsylvania’s 6% state hotel occupancy tax, for a combined 13% hotel occupancy tax; Airbnb and VRBO collect and remit these in many cases.
As of early 2026, City Council advanced dedicated STR licensing legislation that would add registration of bedroom counts and maximum occupancy, a responsible party located within 25 miles, zoning board approval for non-owner-attached STRs in residential districts, per-building unit caps (2 STRs for buildings of 20 or fewer units, 5 for larger buildings, 1 for most residential lots), a 28-day maximum stay, and a party ban. Final votes were postponed until after Pittsburgh hosts the NFL Draft, so this dedicated framework was not yet in effect as of the mid-2026 profile update.
Market Comparison
Pittsburgh’s 57.7% June occupancy runs above the roughly 55% national median for short-term rentals, while its $184.24 ADR sits below the roughly $220 national median ADR, reflecting a market with substantial supply relative to demand. The luxury tier ($348.41 ADR) exceeds the national ADR median significantly, showing top-end Pittsburgh properties can still command strong rates even as the broader market’s occupancy has softened.
Top property managers in the market include Casual Nomad (173 listings, 2,775 reviews, 3.49 average rating, notably lower than most top operators in this batch), HostWise (141 listings, 15,353 reviews, 4.92 rating, the highest among the top five), and Kasa Properties (68 listings, 837 reviews, 4.62 rating). Combined, these top three managers operate 382 listings, about 7.5% of the roughly 5,115 tracked units, a fragmented market. Pittsburgh Furnished Rentals, LLC (53 listings, 8,046 reviews) posts a strong 4.89 rating despite a smaller listing count.
Frequently Asked Questions About Pittsburgh, Pennsylvania
What is the average daily rate for a Pittsburgh short-term rental?
What occupancy rate can Pittsburgh STR owners expect?
Is a permit required to operate a short-term rental in Pittsburgh?
Is Pittsburgh adopting new short-term rental rules?
What is the occupancy tax on Pittsburgh short-term rentals?
What is the estimated gross rental yield for a Pittsburgh STR?
Why did Pittsburgh's STR occupancy decline in 2026?
Analyze Pittsburgh Rentals
Use our free calculator to estimate Airbnb revenue for any property in Pittsburgh.
Free Pittsburgh STR Calculator →
