Pittsburgh --- BUY
Home price gains needed to make buying a better deal: 3.15%
Historical average gain: 3.91%

As Pittsburgh transitioned from the heart of the steel industry to a more varied economy, population growth slowed, and home prices fell. The current median is just $130,000 and sale prices are about 22 times annual rent.

At that level, it's hard to find a rental cheap enough to make financial sense. Metro area home prices have long-term appreciation rates of nearly 4%, easily exceeding the rate needed to make purchasing the better option.


Last updated May 13 2011: 12:43 PM ET
Join the Conversation

The 2010 Census revealed that lots of U.S. towns are losing population. What makes some different is that they're not rusting old industrial cities, but fine places to live and raise families. More

Homes in these six cities had the steepest price drops of anywhere in the nation during the past six months. Here are a few of the deals you can find. More

Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.