Allison Park, Pennsylvania Housing Market Prices
Allison Park Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 97% above the Pennsylvania median$300,492
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Median rent 10% above the Pennsylvania median$1,325
Housing Market Overview
| Metric | Allison Park | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $300,492 | $152,469 | $248,835 |
| Price Trend (Annual %) | 11.2% | 3.7% | 7.5% |
| Median Gross Rent | $1,325 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Allison Park is about 97% higher than in Pennsylvania. Rent is about 10% higher than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Allison Park, up about 11.2% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Allison Park rose about 28.8% between 2015 and 2024, from $1,028 to $1,325. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Allison Park.
Buying the median-priced home in Allison Park costs roughly 18.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Allison Park. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Allison Park | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $300,492 | $152,469 | $248,835 |
| Median Household Income | $125,409 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Allison Park fell about 29.9%, while median household income rose about 59.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Allison Park | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.1% | 63.0% | 58.5% |
| Rental Rate | 16.0% | 27.9% | 31.2% |
| Vacancy Rate | 5.8% | 9.1% | 10.2% |
| Median Tenure (years) | 18.0 | 17.0 | 15.0 |
| Median Year Moved In | 2008 | 2009 | 2011 |
Allison Park has a homeownership rate of 78.1%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 5.8%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Allison Park | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1972 | 1966 | 1978 |
| Median Number of Rooms | 6.9 | 6.0 | 5.5 |
The typical housing unit in Allison Park was built around 1972. On average, 2.5 people live in a home with about 6.9 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Allison Park, Pennsylvania.
What is the median home price in Allison Park, Pennsylvania?
The median home price in Allison Park, Pennsylvania is $300,492, higher than the Pennsylvania average of $152,469.
What is the average home price in Allison Park, Pennsylvania?
The typical home price in Allison Park, Pennsylvania, reported as the median sale price, is $300,492. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Allison Park, Pennsylvania?
The median gross rent in Allison Park, Pennsylvania is $1,325 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Allison Park in 2020?
In 2020, the median gross rent in Allison Park, Pennsylvania was $1,038 per month.
What is the price-to-rent ratio in Allison Park, Pennsylvania?
The price-to-rent ratio in Allison Park, Pennsylvania is about 18.9, meaning it would take roughly 18.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Allison Park.
Are home prices or rent rising faster in Allison Park, Pennsylvania?
Both home prices and rent are rising in Allison Park, up about 11.2% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Allison Park, Pennsylvania?
78.1% of households in Allison Park, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Allison Park, Pennsylvania?
The housing vacancy rate in Allison Park, Pennsylvania is 5.8%, lower than the Pennsylvania average of 9.1%.
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