Tuesday, February 4, 2014

Pittsburgh Ranked #1 in Affordability


A worldwide study by Demographia finds Pittsburgh is the most affordable major metropolitan region in the United States.

The study fixed Pittsburgh with a 2.3 Housing Affordability Rating Category, which made it the lowest in the United States and well below the 3.0 or under mark that is considered "Affordable." Also on the list were Atlanta and Indianapolis, both with scores of 2.7.

Internationally, Pittsburgh is No. 18 on the most-affordable, which is the best among the U.S. markets. That's for its $116,000 median home price and the $51,400 median income in the third quarter of 2013, Demographia said.
Go to the Pittsburgh Business Times for more information about the study. Then go to RE/MAX Realty Brokers for help buying or selling local real estate.
 

 

 

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