Compared with many large cities, home prices in Pittsburgh are refreshingly affordable. Recent surveys indicate an average home price in Pittsburgh of ranging from about $110,000 to $162,000 for a 3/4 bedroom, 2 bath home - about 40% below the national average. It is definitely possible to find nice homes, as well as fixer-uppers, for less than $100,000 within the Pittsburgh city limits, as well as in some of the outlying suburban communities. As with most major cities, however, there are also neighborhoods with home prices of $1 million or more.
How Pittsburgh Home Prices Measure Up
The seven-county Pittsburgh region generally ranks among the top 50 most affordable housing markets in the country according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). The Pittsburgh region ranked 40th most affordable in 2005, with a median home price of $200,000 and a median annual household income of $54,900. The 2004 survey ranked Pittsburgh 32nd with a median home price of $106,000 and a median income of $78,900 (note: the difference from 2004 to 2005 was a result, in part, of a change in the way that the federal government defines metropolitan statistical areas). The National Association of Realtors report ranks Pittsburgh 16th on its list for 2005, with an average home price of $107,600 - ahead of almost all major cities.
Pittsburgh Home Prices - Research & Analysis
Home Price Analysis for Pittsburgh - This downloadable 10-page report (in PDF format) by the National Association of Realtors provides a good overview of trends in the Pittsburgh housing market.
Recent Home Sales - Enter an address to view recent and historic home sales in a specific neighborhood going back to 1987.
Allegheny County Real Estate Database - With a few exceptions, this free searchable database includes property values, sale prices, photos and other great information about homes in Pittsburgh and Allegheny County. Search by address, street or municipality.