The Pittsburgh Business Times ran a recent article, “As home prices rise, Pittsburgh still one of the most affordable places to live…”
Here are some of the key points with a link to the full article below:
- Even though housing prices are on the rise around the country, Pittsburgh is one of the most affordable places in the country when it comes to housing prices.
- According to the study, Pittsburgh led the way for the 50 most populous metros, with a median home price of $225,900 (national median is $433,100), and a median household income of $70,607 (national median is $74,840). This means that in Pittsburgh the median home costs 3.2 times the median income; in other parts of the country that figure can run as high as 12.1 times.
Access the complete article here.