Pittsburgh, Pennsylvania

At the date of January 15, 2015, the asking price per unit for apartments in Pittsburgh metro is $39,916.70. This is down .1% for the last 3 months, and up 13.4% for year over year. Compare this to the asking price per unit for the state of Pennsylvania, which is $59,080.94 – an increase of 1.5% for the last 3 months and an increase of 6.1% for year over year. The total number of multifamily properties available for sale in metro Pittsburgh is up 2.8% for the past 3 months, and year over year it’s – 38.8%.

Pittsburgh has a population of 305,841 and it is the seat of the County of Allegheny. For the State of Pennsylvania, it is the second biggest city. It is the biggest city in Ohio Valley as well as Appalachia, when you look at the metropolitan Combined Statistical Area population number of 2,659,937. It is also the 20th biggest city in America.

The Steel City is what Pittsburgh has been known for because of having more than 300 steel-related businesses. In addition, it is called “the City of Bridges” because of its 446 bridges. Pittsburgh has 2-inclined railways, 30 skyscrapers, and interestingly, a pre-revolutionary fortification. It is also known as being the source of the Ohio River. The Allegheny River and Allegheny River have a confluence there.

A good resource to immerse yourself into learning about the Pittsburgh multifamily market is the Apartment Association of Metropolitan Pittsburgh: http://www.pittsburghapartmentassociation.com

To look for Pittsburgh apartment buildings for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also, for another source to find out more about apartment real-estate in Pittsburgh, go to http://www.biggerpockets.com/

Apartment Loan Store is proud to serve the entire Greater Pittsburgh area: 

• Penn Hills
• Mt. Lebanon
• Bethel Park
• Ross Township
• North Huntingdon Township
• McCandless
• Monroeville
• Cranberry Township
• Plum
• Moon Township
• Peters Township
• West Mifflin
• Murrysville
• Penn Township
• Baldwin
• McKeesport
• Upper St. Clair
• Scott Township
• Wilkinsburg
• Greensburg
• Derry Township
• South Fayette Township
• Whitehall
• North Fayette Township
• Butler
• Washington
• Franklin Park
• South Park
• North Strabane Township
• Robinson Township
• New Kensington
• Hopewell Township
• West Deer Township
• Lower Burrell
• Adams Township
• Pine Township
• Munhall
• Rostraver Township
• Cecil Township
• Richland Township
• Jefferson Hills
• Uniontown
• North Versailles Township