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Allegheny County, PA

RANK #552 / 996  ·  POP 1,245,310  ·  PA

PROJECTED GROWTH: +0.5%

Allegheny County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Allegheny County?

Allegheny County, Pennsylvania, is defined by its distinctive landscape where the Allegheny, Monongahela, and Ohio Rivers converge in Pittsburgh, the county seat. This area, known for its many bridges, offers a mix of urban amenities and natural beauty. Towns like Mount Lebanon Township and Franklin Park are noted for their quality of life. The county boasts an extensive park system, with over 12,000 acres across nine regional parks, providing opportunities for hiking, biking, and various year-round activities. Commuting throughout the county is facilitated by the Port Authority of Allegheny County's bus and light rail system.

Life in Allegheny County offers access to highly rated public schools, including districts like North Allegheny and Mt. Lebanon. The economy has diversified from its industrial past, with significant activity in education, healthcare, technology, and manufacturing. Recent economic developments include investments in advanced manufacturing and energy storage, alongside initiatives to strengthen local business districts. The county continues to attract residents seeking a blend of urban accessibility and outdoor recreation.

[02] Market Snapshot

Housing Ratio
2.3x

Undervalued relative to economy

GDP Growth
+1.6%

Below national median

Home Prices
+0.7%

Below national median

Climate & Terrain
0.5

Moderate climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Allegheny County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,245,310
-0.06% YoY
Median Household Income
$72,537
Median Home Value
$200,200
+0.74% 12mo
Median Rent
$1,050
Average Annual Pay
$78,297
+3.3% YoY
Employment
670,637
+1.1% YoY
Income-to-Home-Value
0.3623
More affordable than average
Migration Inflow
1.86%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$240,000
Days on Market
87
Slower market
Months of Supply
4.7
Balanced market
Sale-to-List Ratio
96.7%
Negotiation room for buyers
Sold Above List
19.4%
Listings w/ Price Drops
16.8%
Building Permits (2024)
2,999
Single-Family Permits
1,356

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,702M
TOTAL
PROJECT AMOUNT STATUS
Allegheny Energy Center Natural Gas Power Plant
Invenergy
$639M Proposed
Hyperscale Data Center (Springdale)
Allegheny DC Property Co. (Davidson Kempner)
$500M Planned
Eos Energy Battery Manufacturing Expansion & HQ Relocation
Eos Energy Enterprises
$353M Under Construction
2025 Capital Budget - Infrastructure & Capital Improvement Projects
Allegheny County
$131M Under Construction
Allegheny Ridge Wind Repowering
Leeward Renewable Energy (LRE)
$80M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.6% 27 percentile
Population Growth -0.1% 27 percentile
Income Growth +8.8% 59 percentile
Vacancy Rate 1.3% 32 percentile
Home Price Change +0.7% 41 percentile
Rent Growth +3.9% 66 percentile
Price/Rent 11x 76 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Allegheny County, PA a good place to move to?

Allegheny County has a Boom Town Index score of 45/100, ranking #552 among 996 U.S. counties. With job growth at +1.1% and a median household income of $72,537, it faces some economic headwinds compared to faster-growing counties.

Is Allegheny County affordable?

The median home value in Allegheny County is $200,200 with median rent at $1,050/month. The income-to-home-value ratio is 0.3623, which is more affordable than the national average.

Is Allegheny County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +1.1%. Home values changed +0.7% in the past 12 months.

[08] Similar Metros

Charles County, MD 55 Fairfield County, OH 55 Snohomish County, WA 55 Kings County, CA 55 Belmont County, OH 55 Kosciusko County, IN 55 Calvert County, MD 55 Hamilton County, OH 55