Pittsburgh, PA is an attractive housing market for buyers looking to purchase a home. The current median value of homes in Pittsburgh is $204,700, which is much lower than the US median house value of $338,100. Even though the appreciation rate of 1 year for homes in Pittsburgh is 5.53%, still lower than the national average of 8.27%, future growth potential looks strong as more people continue to flock to the city due to its increasing job opportunities and robust economy. Thus, it appears that buying a home in Pittsburgh can be beneficial for those looking for more affordable housing options with a good chance of appreciation over time.
The median home cost in Pittsburgh is $204,700. Home appreciation the last 10 years has been 85.0%. Home Appreciation in Pittsburgh is up 10.4%.
Average Age of Homes
- The median age of Pittsburgh real estate is 78 years old
The Rental Market in Pittsburgh
- Renters make up 43.7% of the Pittsburgh population
- 2.7% of houses and apartments in Pittsburgh, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.