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Pittsburgh: Only U.S. City Where Buying Beats Renting

7/24/2025

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Summary

Story summary

Pittsburgh stands out as the only U.S. city where home buying is cheaper than renting, costing $1,362 monthly versus $1,473.
On average, renting nationwide saves $908 monthly compared to purchasing a home, with New York metro renters saving over $2,000.
Since 2019, home prices in Pittsburgh have surged by 31%, while rents have climbed nearly 40%.
High mortgage rates and rising home prices present significant challenges for potential buyers.

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Story summary

Pittsburgh stands out as the only U.S. city where home buying is cheaper than renting, costing $1,362 monthly versus $1,473.
On average, renting nationwide saves $908 monthly compared to purchasing a home, with New York metro renters saving over $2,000.
Since 2019, home prices in Pittsburgh have surged by 31%, while rents have climbed nearly 40%.
High mortgage rates and rising home prices present significant challenges for potential buyers.