Pittsburgh named one of the nation’s most up-and-coming housing markets

Pittsburgh was recently named the ninth most up-and-coming housing market by GOBankingRates.

With a cost of living in the Steel City at 4.5 percent below the national average, and a median home price landing at $155,000, Pittsburgh is one of the most affordable cities named on the list.

The list also cites the number of higher educational opportunities in Pittsburgh as a win. Carnegie Mellon University, Duquesne University and University of Pittsburgh all call Pittsburgh home.

“Although the overall population has been on the decline, young college-educated professionals have been migrating to Pittsburgh’s primary central business district, according to a recent report released by CityObservatory. Where younger, educated workers go, according to the report, is where one will find tomorrow’s flourishing cities,” wrote Alaina Tweddale.

“Today’s Pittsburgh has overcome its old-fashioned image as a former steel manufacturing base and has instead largely built an economy on healthcare, education, technology and financial services firms,” added Tweddale.

The list found Detroit-Warren-Dearborn, MI; Boston, MA; San Jose, CA; Dallas-Plano-Irving, TX and Denver, CO. as the top five up-and-coming housing markets.

To determine the list, GOBankingRates considered housing and lifestyle-related data, such as housing affordability, job growth, home sales and emerging real estate trends