Rent vs Buy in Pittsburgh, PA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Rent and buy are roughly balanced in Pittsburgh, PA
Price-to-rent ratio is 15.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,280/mo; owning runs about $1,813/mo — $533/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $1,287 |
| Property tax | $223 |
| Home insurance | $101 |
| Maintenance | $202 |
| Total to own | $1,813 |
| Average 2BR rent | $1,280 |
Based on a median home value of $242,954 with a $48,591 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.