Pittsburgh home prices (US$/m²): returns since 2012
Pittsburgh home prices, measured as the typical value per square meter (data: Redfin). This is the value of the property itself — bricks and mortar — not an investor's total return.
It excludes rent received and all costs (closing, property taxes, maintenance, vacancy). Compare it against U.S. inflation (CPI) and the S&P 500 below to see whether Pittsburgh real estate kept up.
Pittsburgh is one of the more affordable large metros in this set, a former steel city that reinvented itself around healthcare, education and technology. Its per-square-meter value tends to sit well below the coastal markets, reflecting decades of measured price growth rather than boom-and-bust swings. Notably, Pittsburgh was less exposed to the speculative run-up before 2008, so it generally weathered the housing crash with smaller declines than Sun Belt or coastal metros that fell harder.
Cumulative return by window (in U.S. dollars)
| Window | Cumulative |
|---|---|
| 1 year | -0% |
| 5 years | 12% |
| 10 years | 69% |
Largest historical drop: -38% · annual volatility: 31% . Typical home price per m² (Redfin). Excludes rent received, closing costs, property taxes, maintenance and vacancy — the value of the property itself, not the investor's total return.
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Descriptive, educational content computed from official public data. Not investment advice. Past performance does not guarantee future results.