Pittsburgh ranks as the most affordable city in the US, according to the 2024 study Demographia International Housing Affordability. This charming mid-sized city offers a multitude of opportunities for real estate investors looking for a vibrant and thriving market.
From entertainment and a competitive job market to a lively metropolitan lifestyle, the Steel City has something for everyone. But is that enough to call Pittsburgh a great place to live? We laid out a comprehensive guide for you to find out.
Why Pittsburgh is a Great Place to Live?
With a low cost of living and a strong economy, you can achieve a high quality of life in Pittsburgh. Aside from being the center of the steel industry, the city has endless opportunities for exploration and recreation.
Let’s take a look at what Pittsburgh can offer:
- Rich arts and cultural heritage
- Top-ranked educational institutions
- Driven innovation and job market
- Diverse housing options
On top of that, suburban and rural communities can be found anywhere in the area. At the heart of Downtown Pittsburgh, the Market Square boasts year-round activities that attract tourists and locals alike. You can reach many parks or trails within walking distance like Point State Park, Gateway Center Park, and the Rivers Heritage Trail.
You can also dig into local restaurants that rival major metropolitan cities in the country. Its resilience and adaptability present favorable growth for investors and owners hoping to call Pittsburgh home.
Affordable Urban Living
Downtown Pittsburgh apartments have a median rent price of approximately $1,200 for one-bedroom and $1,450 for two-bedroom.
The best areas to invest in Pittsburgh are the neighborhoods of Shadyside and Squirrel Hill. These locations offer a mix of upscale and budget-friendly two-bedroom apartments. On the other hand, Bloomfield and Friendship are even more affordable with prices as low as $900 per month.
Lifestyle and History
Pittsburgh’s rich history is preserved in its many theaters, sports culture, and museums including the Andy Warhol Museum and Carnegie Science Center.
The city celebrates annual events to honor its legacies through the Three Rivers Arts Festival and JazzLive International Festival. Located outside Downtown Pittsburgh, the hip and vintage style of the Strip District combines the hustle and bustle of an active nightlife and the bazaar fun of a street carnival.
Thriving Job Market
With a booming market driven by industries such as technology, healthcare, and education, Pittsburgh is a haven for rental property investors.
Major employers like the University of Pittsburgh Medical Center, PNC Financial Services Group, and Giant Eagle offer diverse career opportunities for recent graduates and seasoned professionals alike. Its city has a robust ecosystem of stable growth in various respected sectors.
Education and Academic Opportunities
Pittsburgh’s prestigious institutions Carnegie Mellon University and the University of Pittsburgh offer academic excellence and research programs that contribute to development and innovation in the city.
You can access numerous libraries and learning centers to promote lifelong learning in the fields of medicine, engineering, robotics, and communications.
Ready to Move to Pittsburgh, PA?
Countless opportunities await in the City of Champions. Assessing its economic prospects and quality of life is the first step to determining whether it is the perfect place for you to live.
Let DeSantis Property Management take you to your most desired neighborhood in Pittsburgh and personalize your property management with a free rental analysis. Our comprehensive services ensure that your real estate investments and decisions are on the right track.
Contact us and start your journey today!
