Home Sweet Home: Pittsburgh No. 1 In Affordable Housing

The median home in Pittsburgh is six times cheaper than the same sized property in San Francisco.


photo by dave cole

 

There are a myriad of reasons why Pittsburghers enjoy being rooted in the steel city, or at least have a tendency to come back. New numbers suggest one of those reasons continues to be that we get the biggest bang for our housing buck.

Despite the welcome influx of new high-tech jobs and the rehabilitation of many older homes to accommodate those new workers, Pittsburgh still ranks as the most affordable city for buying a home in the United States. According to a recent report by HSH, which claims to be the nation’s largest publisher of mortgage and consumer loan information, the median house price in Pittsburgh is $140,500. Factor in principal, interest, taxes and insurance, and that comes to about $756 a month.

Compare that to San Francisco, where the median home price is $885,600 and the average monthly mortgage payment is $3,778. 

Of the 27 metro areas studied, Pittsburgh, Cleveland and Cincinnati finished as at the top of of the list for most affordable housing. At the bottom were Los Angeles, San Diego and San Francisco.

––Courtney Linder
 


 


photo via flickr creative commons

 

#ExpansionApproved: Carnegie Science Center

With summer camps typically filling up while there’s still snow on the ground, the Carnegie Science Center proposed a three-story expansion and parking lot renovation that has won approval by the City Planning Commission.

The 48,000-square-foot addition will include nine new classrooms and labs with access to the Allegheny River, a Smithsonian-grade exhibition hall, an outdoor patio for the center’s cafe and a floor to house events and meetings. The renovated parking lot will have a 450-car capacity with an additional 123 spaces for school buses.

“We have 700,000 visitors each year, more than 90,000 of whom are students, and that’s where we feel the squeeze,” co-director Ron Baillie told the Pittsburgh Post-Gazette. “Our summer camps are filled by February.”

The $21 million expansion is expected to begin later this year and is scheduled to be finished by May 2018. 

––Phoebe Gilmore
 

 

Categories: The 412