Which Zip Codes Have the Highest Household Income Growth in the Last Decade Around Pittsburgh?

Overview

Looking for the best ZIP codes in Pittsburgh, PA, for real estate investment or homeownership? This analysis uncovers areas with the strongest household income growth—a key indicator of economic vitality and potential real estate returns. Using data from the American Community Survey (ACS), we’ve ranked ZIP codes within a 10-mile radius of 15222 to help you spot promising markets.

Methodology Behind the Rankings

We analyzed median household income data from 2013 to 2023, the longest consistent 10-year window available across most ZIP codes in the dataset. Growth was measured using the Compound Annual Growth Rate (CAGR), which shows the average yearly increase in income over this period. ZIP codes with missing data or no population (like 15260 and 15290) were excluded to ensure accuracy. This approach prioritizes sustained economic progress over short-term spikes.

Key Insights on Income Growth

ZIP code 15110 stands out with an impressive CAGR of 7.42%, jumping from a median income of $20,152 in 2013 to $41,208 in 2023. This significant growth suggests a rapidly improving economic base, potentially driving demand for housing. Similarly, 15233 shows a strong CAGR of 7.85%, with income rising from $33,780 to $71,902, indicating a transformation that could signal robust real estate opportunities.

Other notable performers include 15206 and 15203, with CAGRs of 7.52% and 5.02%, respectively. These areas reflect steady income gains that may correlate with appreciating property values. Even ZIP codes with more modest growth, like 15112 at 1.58%, offer insights into stable, if slower, economic progress that could appeal to cautious investors.

What This Means for You

• Investors: Focus on high-growth ZIPs like 15110 and 15233 for potential rental demand or property value increases driven by rising incomes.
• Real Estate Agents: Highlight areas like 15206 and 15203 to clients seeking neighborhoods with strong economic momentum and long-term stability.
• Homeowners: Consider ZIPs with consistent growth (e.g., 15222) for a balance of lifestyle and investment potential in your next purchase.

Recreate This Analysis with ZipcodeGPT

Curious about other Pittsburgh ZIP codes or different demographic trends? With ZipcodeGPT, you can run custom analyses tailored to your needs. Follow these steps to dive deeper:

1. Select multiple ZIP codes for any city or region of interest directly on the platform.
2. Open the AI chatbot within ZipcodeGPT and ask specific questions about the selected ZIPs, such as income trends or housing data.
3. Review the generated insights, explore interactive maps, and access detailed profiles to inform your decisions.

Ready to explore more? ZipcodeGPT offers a powerful way to uncover ZIP code insights for any city or topic. Full profile links for all analyzed ZIPs, including top performers like 15110 and 15233, are available below this article for your convenience.