Total monthly cost of ownership
Cost to Own a Home in Pittsburgh, Pennsylvania
A $193,000 home here costs
$1,634per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $992. The real number is $641 higher every month — 65% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Pittsburgh against Allegheny County and Pennsylvania
| Measure | Pittsburgh | Allegheny County |
|---|---|---|
| Median home value | $193,200 | $216,700 |
| Median property tax | $1,853 | $3,399 |
| Effective tax rate | 0.959% | 1.569% |
| Median gross rent | $1,221 | $1,111 |
| Population | 303,620 | 1,240,476 |
The weather behind that power bill
Pittsburgh sits in Allegheny County, which averages a high of 83.0°F in its hottest month and a low of 22.3°F in its coldest, with 41.34" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 826 cooling and 5,407 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Allegheny County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Allegheny County
Full Allegheny County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Pittsburgh?
A $193,000 home in Pittsburgh, Pennsylvania costs approximately $1,634 per month with 20% down at 6.66%. That is $992 principal and interest, $154 property tax, $64 homeowners insurance, $262 utilities and $161 set aside for maintenance.
What is the property tax rate in Pittsburgh?
Pittsburgh has an effective property tax rate of 0.959%, based on a median home value of $193,200 and median real estate taxes of $1,853. That is lower than the Allegheny County average of 1.569%.
What is the average home price in Pittsburgh?
The median owner-occupied home value in Pittsburgh, Pennsylvania is $193,200, against $216,700 across Allegheny County.
Is it cheaper to rent or buy in Pittsburgh?
Median gross rent in Pittsburgh is $1,221 a month, against $1,634 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pittsburgh — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Pennsylvania.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.