Mortgage Calculator & Closing Costs: Pittsburgh, PA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pittsburgh, Pennsylvania.
Median Home Price
$235K
Population
303K
Avg Monthly Rent
$1,280
Property Tax Rate
1.36% *
* Property tax shown is the Pennsylvania state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Pittsburgh.
Pittsburgh vs Pennsylvania Median
The median home price in Pittsburgh is $235,000, which is 16% below the Pennsylvania state median of $280,000.
Mortgage Calculator — Pittsburgh, PA
Pre-filled with Pittsburgh median home price and Pennsylvania tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $235K home using Pennsylvania's 1.36% tax rate and $1,400/yr insurance.
5% Down
$1,924/mo
Down: $11,750
Loan: $223K
P&I: $1,411
Tax: $266
Insurance: $117
PMI: $130
10% Down
$1,843/mo
Down: $23,500
Loan: $212K
P&I: $1,337
Tax: $266
Insurance: $117
PMI: $123
20% Down (No PMI)
$1,571/mo
Down: $47,000
Loan: $188K
P&I: $1,188
Tax: $266
Insurance: $117
Income needed (28% rule): $67K/year with 20% down, $79K/year with 10% down.
Rent vs Buy in Pittsburgh
Rent
$1,280/mo
vs
Buy (10% down)
$1,843/mo
Price-to-rent ratio: 15.3 — A ratio between 15-20 means the rent vs buy decision in Pittsburgh depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Pittsburgh is $235,000, 16% below the Pennsylvania state median of $280,000. With a population of 302,971, Pittsburgh is a mid-size city where home prices tend to be more accessible than in many parts of Pennsylvania.
Property taxes in Pennsylvania average 1.36% annually. This moderate property tax rate means a $235,000 home in Pittsburgh would carry roughly $266/month in property taxes. Homeowners insurance in Pennsylvania runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Pittsburgh is $1,280/month. The price-to-rent ratio in Pittsburgh is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Pittsburgh offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Pennsylvania's PHFA Keystone Advantage program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Pittsburgh.