← All neighborhoods
East Suburbs & Mon Valley

Investing in Forest Hills

A Pittsburgh investor's snapshot of Forest Hills — typical rents, rent-to-price, renovation values, and how the numbers pencil for rentals and flips.

Rental snapshot

Cashflow
Rent-to-price0.84–1.01%/mo
Price / unit (2–4 unit)$115K–$155K/unit
1-BR rent$875–$1,100/mo
2-BR rent$1,125–$1,350/mo
3-BR rent$1,400–$1,625/mo

Flip / value-add snapshot

Value
Renovated ARV$195-$300K
Typical buy range$95-$200K

Eastern-valley borough. Top of the range.

How Forest Hills pencils

  • rent-to-price is workable but leaves less room for surprises
  • there is a real spread between buy price and renovated value, so a value-add works when you buy right
  • entry prices sit mid-market for Pittsburgh

Against the rest of the metro

90th
best rent-to-price of 192 submarkets
50%
of Pittsburgh submarkets are cheaper to buy into
1.68×
renovated value vs. typical buy price

What a typical Forest Hills rental looks like

Purchase (midpoint of the range)$147,500
Rent (typical 2-bed)$1,238/mo
Down payment (25%)$36,875
Principal & interest (7%, 30yr)$736/mo
Taxes & insurance$270/mo
Vacancy & maintenance (7% + 10%)$210/mo
Estimated cashflow$21/mo

0.7% cash-on-cash on the down payment alone

Self-managed, before closing costs and rehab. Midpoints of the published ranges — a real property will differ, which is what the analysis on an actual address is for.

Want Forest Hills deals as they come up?

I'll talk through the market, your buy box, and your goals — then send off-market and new Forest Hills deals that fit.

If Forest Hills works for you, look at these

Similar entry price, rent-to-price and renovated value.

Directional investment estimates showing where the numbers point — not an appraisal, and not a statement about any community or its residents. Always run real comps and rents on a specific property. Equal Housing Opportunity.