Home Affordability in Pittsburgh, PA
The median home price in Pittsburgh is $230,000 with a median household income of $50,536. Housing is moderately affordable relative to local incomes.
Median Home Price
$230,000
Median Income
$50,536
Price-to-Income Ratio
4.6x
Est. Affordable Home
$197,000
Property Tax Rate
2.08%
Annual Property Tax
$4,784
Sales Tax Rate
7.00%
Cost of Living Index
96
Buying a Home in Pittsburgh
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $50,536 in Pittsburgh can afford a monthly housing payment of approximately $1,179. This translates to a home price of roughly $197,000, which is below the median home price of $230,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Pittsburgh would be approximately $4,784 per year ($399/month) at the effective rate of 2.08%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $6,900 | $223,100 | Yes |
| 5% | $11,500 | $218,500 | Yes |
| 10% | $23,000 | $207,000 | Yes |
| 20% | $46,000 | $184,000 | No |
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