Home Values in Pittsburgh, Pennsylvania — 2026 Market Report
Updated March 2026 | Seller's Market | +3% YoY
The median home value in Pittsburgh, Pennsylvania is $195,000 as of March 2026, which is below the national median of $400,000. Home values in Pittsburgh have increased by 3% over the past year and 15.9% over the last five years. With a population of 302,971 and a median household income of $48,711, the price-to-income ratio stands at 4.0x, making Pittsburgh affordable for the average household.
Pittsburgh Housing Market Conditions
| Metric | Pittsburgh | National Avg |
|---|---|---|
| Median Home Value | $195,000 | $400,000 |
| YoY Appreciation | +3% | +3.8% |
| 5-Year Appreciation | +15.9% | +22.4% |
| Price per Sq Ft | $61 | $222 |
| Days on Market | 50 days | 45 days |
| Months of Supply | 1.7 | 3.5 |
| List-to-Sale Ratio | 100.5% | 98.5% |
| Monthly Homes Sold | 162 | — |
| Foreclosure Rate | 0.14% | 0.3% |
Home Value Trends in Pittsburgh
A homeowner who purchased at the median price of $168,248 five years ago in Pittsburgh would have gained approximately $26,752 in equity, representing a 15.9% return on investment. Over the past year alone, the typical homeowner gained $5,680 in home equity.
Affordability in Pittsburgh, PA
With a median household income of $48,711 and a median home price of $195,000, the price-to-income ratio in Pittsburgh is 4.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,174 compared to estimated monthly ownership costs of $1,147 gives a rent-vs-buy ratio of 0.98. In Pittsburgh, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Pittsburgh
The effective property tax rate in Pennsylvania is 1.36%. On a home valued at $195,000, the estimated annual property tax bill is $2,652, or approximately $221/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Pittsburgh is 93.2 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Pittsburgh, PA?
The median home value in Pittsburgh, Pennsylvania is $195,000 as of March 2026. Home values have changed +3% over the past year, with a 5-year appreciation of 15.9%.
Is Pittsburgh a buyer's or seller's market?
Pittsburgh is currently a seller's market with 1.7 months of housing supply. Homes spend an average of 50 days on market, and the list-to-sale price ratio is 100.5%. Low inventory gives sellers an advantage.
Are home values going up in Pittsburgh?
Yes, home values in Pittsburgh have increased by 3% over the past year. The 5-year appreciation rate is 15.9%, meaning a home worth $168,248 five years ago is now worth $195,000.
Is it better to rent or buy in Pittsburgh?
The average monthly rent in Pittsburgh is $1,174, while estimated monthly homeownership costs are approximately $1,147. The price-to-rent ratio is 13.8. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Pennsylvania Cities
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Disclaimer: Home value data for Pittsburgh, Pennsylvania is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.