The Pittsburgh, PA Metro Area has seen strong appreciation in its housing market over the past year. The median value of homes in the area is $195,500, significantly lower than the US average of $338,100. Despite this difference, house values have still increased by 8.64%, slightly more than the US house appreciation rate of 8.27%. This growth is indicative of a healthy real estate market and should be encouraging for those looking to invest in the area.
The median home cost in Pittsburgh Metro Area is $195,500. Home appreciation the last 10 years has been 70.9%. Home Appreciation in Pittsburgh Metro Area is up 10.9%.
Average Age of Homes
- The median age of Pittsburgh Metro Area real estate is 59 years old
The Rental Market in Pittsburgh Metro Area
- Renters make up 27.0% of the Pittsburgh Metro Area population
- 1.6% of houses and apartments in Pittsburgh Metro Area, 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.