There are currently 225,351 real estate properties in Pittsburgh, PA, with a median automated valuation model (AVM) price of $230,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pittsburgh, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pittsburgh, PA, is $281,436.00, with the most expensive house in Pittsburgh, PA, topping out at $30,600,000.00 and the cheapest home in Pittsburgh, PA, clocking in at $11,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Pittsburgh, PA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pittsburgh, PA, is on a rollercoaster ride. The average rent price in Pittsburgh, PA, is $1,459.00. Indeed, when looking to rent in Pittsburgh, PA, you can expect to pay as little as $570.00 or as much as $3,620.00, with the average rent median estimated to be $1,370.00. The good news is that finding an affordable and desirable property to rent in Pittsburgh, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Pittsburgh, PA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Pittsburgh, PA and much more. Save thousands at closing with home foreclosure listings in Pittsburgh, PA — up to 75% off market value!
Pittsburgh is located in Allegheny, Pennsylvania, with an estimated municipal population of 300,286 residents. All of the best foreclosed homes for sale in Pittsburgh are located in the following zip code areas on Foreclosure.com: 15216 15217 15214 15212 15213 15210 15211 15218 15219 15290 15232 15233 15260 15205 15204 15207 15206 15201 15203 15208 15224 15234 15222 15221 15220 15226 15120 15230 15240 15250 15251 15252 15253 15254 15255 15257 15258 15259 15261 15262 15264 15265 15267 15270 15272 15274 15279 15281 15282 15286 15289 15295. The estimated population per square kilometer (.62 miles) in Pittsburgh is 2,093.
So, about how much do homes cost in Pittsburgh? The most recent median value of resident-owned homes in Pittsburgh is 126,706. An estimated 47.2 percent of households in Pittsburgh own their homes, with an average family size of 2.87. The median household income in Pittsburgh is 48,711, with21.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pittsburgh, the median commute time of resident workers (in minutes) is 24.3. And last, but certainly not least, are you looking for homes to rent in Pittsburgh? If so, the average rent price paid by renters in Pittsburgh is 958, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Pittsburgh, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Pittsburgh is 32.9, split between 48.9 percent male versus 51.1 female. The percentage of residents who report being married in Pittsburgh is 30.7, with an average family size of 2.87.
The percentage of residents who report their race in Pittsburgh is as follows:
|Black / African American||23%|
|American Indian / Alaskan Native||0.2%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Pittsburgh? Or maybe you are searching for 55+ active adult communities in and/or near Pittsburgh?
The percentage of residents who report their age in Pittsburgh is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Pittsburgh with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pittsburgh.
How do you know that living in -- or moving to -- Pittsburgh is right where you need to be? Perhaps you grew up in Pittsburgh or already live nearby; therefore, the decision to buy a home in Pittsburgh is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pittsburgh for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Pittsburgh:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pittsburgh.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pittsburgh can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pittsburgh, meanwhile, can field multiple offers from more qualified buyers.
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