Residential Real Estate

Source: CNBC.com
October 2010

Pittsburgh has made a major transformation - from an industrial steel town into a hub for education, health care and the arts. Yet, it’s still surprisingly affordable. The cost of living is 12.2 percent below the national average and the average home price is $116,400, well below the national average of $171,700.

It’s repeatedly ranked as one of the most livable cities: The crime rate is low, it ranks high on both arts and colleges, and it’s at low risk for a natural disaster such as an earthquake, hurricane or tornado.

It’s also repeatedly ranked as one of the best sports cities, with the six-time Super Bowl champion Pittsburgh Steelers, the Pittsburgh Pirates baseball team and the Pittsburgh Penguins hockey team. You would be hard-pressed to find a city with more loyal sports fans – a fact that should not be underestimated when it comes to quality of life.

The unemployment rate is 7.8 percent, well below the national average of 10.2 percent. Indeed.com has named it the No. 18 job market, with two applicants for every job available.

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This latest rating pairs nicely with a resume that already includes Best City for Commercial Real Estate, Best Places To Live, Best Housing Market, Best Place to Raise a Family, and Most Bike-Friendly Cities, among other wonderful rankings.

“These favorable statistics, along with our top tier universities and colleges, are among the reasons more and more firms, both nationally and internationally, are committing to do business in Pittsburgh,” said Gregg Broujos, Founding Principal at NAI Pittsburgh Commercial.


NAI Pittsburgh Commercial is a Pittsburgh proud locally owned and operated company. To see some of the investment and development opportunities available in the Pittsburgh region click here.