U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 04-28-2010, 07:48 AM
 
20,273 posts, read 29,894,268 times
Reputation: 2898

Advertisements

This study is nice and simple: it compares median home prices to median household income, using 2006-08 American Community Survey data from the Census:

Business First of Buffalo: WNY sets the pace for affordable housing

Of course home prices have changed a bit since that period in many areas, but as of that period Pittsburgh was #4 among metros above 1 million in population, with a ratio of 2.45132. The top 10 large metros were:

Rochester 2.33081
Buffalo 2.35453
San Antonio 2.45084
Pittsburgh 2.45132
Houston 2.47760
Oklahoma City 2.53290
Dallas 2.57845
Indianapolis 2.63148
Kansas City 2.83576
Birmingham (AL) 2.86142

The ranking is interesting, but I also think this kind of thing is useful as a rough guide to what a person should be paying for a house in Pittsburgh. For example, one might conclude you really shouldn't pay much more than 2.5 times your gross household income.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 04-28-2010, 08:31 AM
 
Location: Philly
10,056 posts, read 14,811,166 times
Reputation: 2798
does this account for property taxes?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 04-28-2010, 08:46 AM
 
20,273 posts, read 29,894,268 times
Reputation: 2898
Quote:
Originally Posted by pman View Post
does this account for property taxes?
Nope, nor utilities, insurance, closing costs, maintenance, or any other costs of home ownership besides the price.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Pennsylvania > Pittsburgh
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 11:53 PM.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top