Discover America’s Most Affordable City
Pittsburgh, located in western Pennsylvania, has been identified as the most affordable city in the United States for homebuyers. According to a recent report from Realtor.com, it boasts the lowest median listing price among large housing markets in the country.
Key Findings on Pittsburgh’s Housing Affordability
As of October, the median listing price for a home in Pittsburgh was $250,000. This figure is significantly lower than the national median, which exceeds $400,000 by more than $150,000.
- Median home price in Pittsburgh (October): $250,000
- National median home price: over $400,000
Hannah Jones, a senior economic research analyst at Realtor.com, highlighted that nearly 20% of American homes have reduced their asking prices. This trend has allowed buyers to secure homes at more favorable prices.
Historical Context and Comparisons
Pittsburgh has received attention for being one of the few major metros where first-time homeownership is more attainable than renting. In a June report, it was featured as one of three affordable cities for median earners, based on the 30% affordability rule. This rule suggests that individuals should allocate no more than 30% of their pre-tax income towards housing costs.
- Typical home price in Pittsburgh (May): $249,900
- Percentage of median income needed to finance a home: 27.4%
Pittsburgh consists of 90 diverse neighborhoods, each with unique characteristics. Despite the overall rising trend in home prices—with the median list price increasing to $269,000 by September 2025—this city continues to represent a hopeful option for buyers navigating the current affordability crisis in the housing market.
Current Market Dynamics
While mortgage rates have remained elevated—hovering near two-decade highs—Pittsburgh stands out as a beacon for potential homeowners. Recently, mortgage rates increased slightly, with the average 30-year fixed-rate mortgage now at 6.24%, as reported by Freddie Mac.
- Average mortgage rate (recently): 6.24%
- Previous week’s rate: 6.22%
Economist Anthony Smith noted a “near-flat movement” in rates, indicating a temporary pause in the market. He suggested that economic uncertainties continue to dampen buyer sentiment.
In summary, Pittsburgh emerges as a promising locale for those seeking affordable housing amidst broader challenges in the national market. With its attractive pricing and relatively low cost of living, it offers a viable path to homeownership for many. As the situation evolves, Pittsburgh may provide critical options for prospective buyers struggling with affordability nationwide.
