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The least expensive city in the US is located in the western part of Pennsylvania.
Realtor.com economists determined in a recent report that Pittsburgh is the largest housing market in the US
In October, the median price of a Metro home listing was $250,000, more than $150,000 below the National Median, according to an Artetor.com analyst survey by Realtor Jones.
About 1 percent of U.S. stocks hit prices as buyers gained the upper hand in a volatile market
This comes just after the steel city caused this summer to become the only major metro where becoming a first home owner was more than paying monthly taxes, Realtor.com reported.
View of Pittsburgh, Pennsylvania, skyline. (Pet Pictures)
Of the 50 largest metros, it was among only three that were considered unaffordable for middle-income earners based on the 30 percent affordable rule of thumb, Jones said in a June report.
The 30% affordable rule suggests that a potential HomeBuyer should not spend more than 30% of their pre-tax income on housing, so there is room for no questions and savings. It seems like a useful sign for prospective buyers to consider whether buying a home is a financially smart move.
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In May, a Pittsburgh home sold for $249,900, requiring only 27.4% of median income, a 20% down payment and a standard 30-year mortgage.
Pittsburgh is made up of 90 neighborhoods. In September 2025, the median list price was $269,000, up 3.5% for one year, while the average sale price was slightly higher at $271,000.
A conceptual view of Victorian mansions in Friendship, a neighborhood on the east side of Pittsburgh, Pennsylvania, on a sunny fall morning. (Pet Pictures)
For about two years, tax rates have moved near their highest levels in two decades, creating a significant barrier to entry into the US housing market, reducing demand and making the American dream of owning a home possible. However, Pittsburgh could be a bright spot for some of those buyers who have been plagued by the ongoing financial crisis in the housing market.
Apartments under $1,000 are still available in select markets despite rising rents across the country
Those challenges don’t appear to be going away anytime soon, as withholding tax rates rose Thursday for the second straight week, according to retailer Freddie Mac.
Freddie Mac’s latest market research shows that the average rate on the benchmark index for the year adjusted for the year was 6.24% from 6.22% last week.
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Anthony Smith, senior economist for Anthony.com, said the upward movement “is imminent” in prices “in the broader market to pause, as sentiments surrounding the government’s recovery tend to find money and economic uncertainty.”
“While the 10-year Treasury yield has shown signs of stabilization, there is no longer a meaningful catalyst to push rates higher or lower,” he said.
