Pittsburgh, PA
Allegheny County · Pop. 302,205
Ranked #23 of 243 cities
56Moderate
Median Home Price
🏠$220K
4.0% YoY
Median Rent
🔑$1,150
2.5% YoY
Median Income
💰$52K
Rent Burden
📊28.5%
% of income to rent
Income to Buy
🏦$63K
annual income needed
Income to Rent
📝$46K
annual income needed
Price-to-Income
⚖️4.2x
Homeownership
🏡48.0%
Rent vs. Buy
Buy
$1,171/mo
Est. mortgage (7%, 20% down)
Need $63K/yr income
Rent
$1,150/mo
Median rent
Need $46K/yr income
How Pittsburgh Compares
| Metric | Pittsburgh | Pennsylvania | National |
|---|---|---|---|
| Home Price | $220K | $260K | $410K |
| Rent | $1,150 | $1,197 | $1,500 |
| Income | $52K | $74K | $75K |
| Rent Burden | 28.5% | 31.5% | 30.0% |
Key Takeaways
- • Home prices in Pittsburgh are 46% lower than the national average.
- • Rent is 23% lower than the national average.
- • You need an income of $63K to comfortably buy a home here.
- • The homeownership rate is 48.0%, compared to 65.0% nationally.