Why You Should Buy A Home in Pittsburgh, Pennsylvania?

According to US News' The 25 Best Affordable Places to Live in the U.S. in 2023-2024, Pittsburgh held the 24th spot on the list, with only 20% of income going toward living expenses and home ownership within reach. You can access the original article and ranks here.

August 2023 Pittsburgh, PA Market Snapshot

With a median sold price of $246,000, considering the current 30-year fixed interest rate hovering around 7%, you'll find that the monthly payments remain well within the means of many households.

If hard data and statistics alone haven't swayed you toward considering Pittsburgh, Pennsylvania as an excellent locale for purchasing a home or investment property, then let me present my top three reasons below.

1. Affordable Housing: Pittsburgh consistently ranks as one of the most affordable major cities in the United States. The cost of living, including housing, is notably lower than in many other metropolitan areas. You can find a wide range of housing options, from historic homes in charming neighborhoods to modern condos in the heart of downtown, all at reasonable prices. This affordability makes it an attractive destination for first-time homebuyers and families looking to invest in a comfortable home without breaking the bank. Browse Pittsburgh real estate listings and open houses using this link.
2. Strong Job Market and Diverse Economy: Pittsburgh has evolved from its industrial roots into a hub for technology, healthcare, education, and finance. Home to renowned institutions like Carnegie Mellon University and the University of Pittsburgh, the city fosters a well-educated workforce. Major corporations such as Google, Uber, and PNC Bank have established a presence in Pittsburgh, creating a diverse job market. This economic diversity contributes to job stability and opportunities in various sectors, making it an excellent place for career growth.
3. Vibrant Culture and Quality of Life: Pittsburgh offers a rich cultural scene and a high quality of life. The city boasts world-class museums like the Andy Warhol Museum and the Carnegie Museum of Art, as well as a thriving performing arts community. Sports enthusiasts can cheer for the Pittsburgh Steelers (NFL), Pittsburgh Pirates (MLB), and Pittsburgh Penguins (NHL). The city's numerous parks, including the scenic Point State Park and the extensive Frick Park, provide ample opportunities for outdoor activities. Additionally, Pittsburgh's food scene has been gaining recognition, with a wide range of dining options that cater to diverse tastes.

Beyond these top three reasons, Pittsburgh is known for its friendly neighborhoods, scenic riverfronts, and a sense of community that's hard to match. Whether you're looking for a place to start a family, advance your career, or simply enjoy a vibrant and affordable urban lifestyle, Pittsburgh has a lot to offer as a place to buy a home and live.

Ready to take the next step in achieving your real estate goals? Don't wait any longer! Reach out to me today to schedule a call and let's discuss how I can assist you in finding your dream home, maximizing your property investment, or addressing any real estate needs you may have. Your future in real estate starts with a simple message – contact me now!

About Dion Huey:

Dion is a licensed REALTOR? in the State of Pennsylvania and is currently serving markets in and around Pittsburgh. He helps both aspiring and current homeowners transform their homes into valuable assets, enabling them to build real estate equity without overwhelming themselves.

Dion earned a Master of Science degree in Finance from Northeastern University and has sixteen years of business and real estate experience in the U.S. and China. He is currently a board member of The GOB Network, a non-profit commercial real estate investment education and resources platform. Dion is also a partner of GOYA 7 Capital, a commercial real estate investment company focusing on syndicated multifamily investments in select markets across the country. He is the creator of the GOYA 7 Fast Track Program, which is designed to help working professionals break into commercial real estate investing. Dion served as a senior financial analyst and advisor for a real estate private equity group on a $1 billion acquisition in New York City. He was also a financial analyst for an opportunistic Boston-based private equity search fund involved in business syndications with deal value upward of $30 million. Dion previously held professional real estate licenses in three states where he worked in residential and commercial brokerage with a focus on investment properties. He managed a team of six agents and personally closed $10 million in transactions. Aside from real estate experience, Dion owned and operated an education services company in Beijing that serviced 2,000 students, and served as an administrator in an international school in Mainland China. Dion has taught business studies, finance, accounting, and economics for the past 9 years. Dion earned both the Real Estate Finance and Investments Certification Credential, and Real Estate Financial Modelling Certification in Excel for Real Estate Levels 1,2, and 3.