Rent to own Homes in Pittsburgh, PA
With 446 bridges, Pittsburgh has more than any other municipality in the world, which is why it is called the "City of Bridges." Also nicknamed the "City of Steel" because of its many steel manufacturing plants, this city is also a healthcare, technology, financial, and education hub. The city hosts the headquarters of seven Fortune 500 companies, including Kraft Heinz, PNC Financial Services Group, PPG Industries, U.S. Steel, Alcoa, Dick's Sporting Goods, and Wesco International. There are plenty of jobs available in Pittsburgh, from entry-level laborers to high-powered corporate executive positions, and there are many successful small businesses throughout the city and its downtown.
As of 2018, an estimate of just over 301,000 residents called Pittsburgh home. Encompassing an area of slightly more than 55 square miles, this city has a lot to offer considering its size and population, including professional sports teams such as the Steelers, Penguins, and Pirates, and schools of higher learning such as the University of Pittsburgh, Carnegie Mellon University, and Duquesne University. Read on to find out why you should cross one of the many bridges that lead into the city to join this vibrant, diverse community.
Pittsburgh, PA is a great place for affordable rent-to-own homes! With a median household income of over $50,536 and a median rent of $984, the Pittsburgh, PA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Pittsburgh, PA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Pittsburgh, PA
- Aliquippa
- Allison Park
- Ambridge
- Arnold
- Aspinwall
- Atlasburg
- Avalon
- Baden
- Baidland
- Bairdford
- Bakerstown
- Baldwin
- Beaver
- Bell Acres
- Belle Vernon
- Bellevue
- Ben Avon
- Ben Avon Heights
- Bentleyville
- Bethel Park
- Blawnox
- Boston
- Brackenridge
- Braddock
- Braddock Hills
- Bradford Woods
- Brentwood
- Bridgeville
- Bridgewater
- Bulger
- Burgettstown
- California
- Callery
- Canonsburg
- Carnegie
- Carnot-Moon
- Castle Shannon
- Cecil-Bishop
- Chalfant
- Charleroi
- Cheswick
- Churchill
- Clairton
- Clinton
- Cokeburg
- Collinsburg
- Connoquenessing
- Conway
- Fernway
- Finleyville
Neighborhoods in Pittsburgh, PA
Beltzhoover rent to own homes Allegheny Center rent to own homes Allegheny West rent to own homes Brunots Island rent to own homes Allentown rent to own homes Arlington rent to own homes Arlington Heights rent to own homes Banksville rent to own homes Bedford Dwellings rent to own homes Beechville rent to own homesBuying a Home in Pittsburgh, PA
Pittsburgh, PA is seeing rapid growth and Pittsburgh, PA's' housing market remains optimal with an average home price that is -38% below the 2023 national average. Pittsburgh, PA is part of Allegheny county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Allegheny is 2.22% which is above the national average, which is 0.99%.
Median Home Price in Pittsburgh, PA
Median Rent in Pittsburgh, PA
Average Cost of Living in Pittsburgh
One of the benefits that Pittsburgh offers is affordability. Some categories, such as groceries, utilities, and transportation, are slightly more expensive than the national average. But the overall cost of living in the city is 12.5% lower than the United States average, and 5% lower than Pennsylvania's average.
Average Home Prices in Pittsburgh
Housing prices in Pittsburgh are surprisingly affordable. In 2018, the median home price in the city was $143,400, which is roughly 17.5% cheaper than Pennsylvania's median of $173,700, and a whopping 38% below the $231,200 median price for the rest of the country. For a city as well-rounded as Pittsburgh, with its economy, schooling options, the variation of housing types, and amenities, its housing prices are considerably low. This makes Pittsburgh an especially attractive option for homebuyers, including those considering rent-to-own options.
Pittsburgh Statistics
If you're interested in Pittsburgh rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Pittsburgh statistics compared to the U.S. national average.
| Pittsburgh Averages | National Averages | |
|---|---|---|
| One-Way Commute | 23.8 minutes | 26.4 minutes |
| Violent Crime | 38.1 | 22.7 |
| Property Crime | 46.3 | 35.4 |
| Unemployment Rate | 4.2% | 3.9% |
| Income Tax Rate | 4.6% | 4.6% |
| Air Quality | 39 | 58 |
| Water Quality | 52 | 55 |
| Median Household Income | $40,009 | $53,482 |
| Median Property Taxes | $2,220 | $2,200 |
| Utilities | $170/month | $112/month |
| Monthly Rent | $1,240 | $1,470 |
| Median Home Cost | $143,400 | $231,200 |
| Median Home Age | 74 years | 40 years |
Popular Amenities and Attractions in Pittsburgh
Pittsburgh's bus and light rails boast an average of 230,000 daily riders. The Pittsburgh International Airport and the city's comprehensive transportation system make getting into, out of, and around town a convenient experience. The tourism industry boasts more than 12 million visitors who stayed overnight and spent about $6.37 billion in Pittsburgh in 2018.
The city carved out a 36-acre parcel to create Point State Park, which educates the community and visitors about the importance this location served during the 1700s and beyond. The site, which abuts downtown and the Ohio River, contains several historical monuments and the 12,000-square-foot Fort Pitt Museum, where you can learn about Pittsburgh's history as well as the role that Pennsylvania played during the French and Indian War and the American Revolution.
You can have several days of outdoor fun hiking, biking, and rollerblading the dozens of miles of trails that run along the Allegheny, Monongahela, and Ohio rivers. Or you can go fishing, motorboating, or kayaking in the rivers. You can cool down to a nice outdoor picnic in the summer or visit one of the many downtown restaurants that offer almost every variety of food.
There are many popular spots throughout Pittsburgh that people of all age groups can enjoy. The 15-acre Phipps Conservatory and Botanical Gardens, which was established in 1893, contains nearly two dozen gardens and a massive glass greenhouse with a variety of exotic plants. The Pittsburgh Zoo, also established in the late 1800s, has more than 70 acres of wildlife of every sort. It hosts many educational seminars and has a large aquarium on its premises. Even if you aren't a major art aficionado, you'll enjoy a trip to the Andy Warhol Museum, the largest art museum displaying a single artist's work, where you can view seven stories of exhibits by Andy Warhol.
Whether you prefer the views of the Mount Washington neighborhood or the nightlife of the South Side area, there's a wide variety of places to live in this city, and you're sure to find a community that suits your preferences. If you're thinking of moving to a new city, choose a home in Pittsburgh â the best city in the United States to live in, according to National Geographic.