Being a Pennsylvania native, I loved hearing that Pittsburgh was one of the cities that Millennials and Gen Zs wanted to live in because of its affordability and community activities.
The report on first-time home buyer affordability, released this month by the personal finance site NerdWallet, invokes an old rule of thumb: First-time buyers should budget to purchase a home priced at no more than three times their household income. That rule may seem unrealistic. But Pittsburgh has enough affordable housing that average list prices total less than three times the median household income to attract Gen Z and Millennials.
In the fourth quarter of 2022, the average Pittsburgh home listed for $214,011, which is 2.6 times the area’s median household income for younger buyers, $82,170. The income figure covers adults ages 25 to 44, the typical age range for first-time home buyers.
Pittsburgh tends to get a bad rap, but it’s a city on the rise with plenty of things to offer millennials. It’s a college town filled with young families, affordable housing, great food, a thriving arts scene, and plenty of opportunities to advance your career. The best Neighborhoods in Pittsburgh for Gen Zs and Millennials are Downtown, Lawrenceville, Mount Washington, Shadyside, and South Side Flats.
Module Modular is a housing manufacturer that serves the Gen Z and Millennial market.
There’s culture and things young people like to do. There are too many bars and clubs to count. The city also has a great restaurant culture. It’s no SF or NYC but it’s also way cheaper and you can find most things ranging from hot pot, Brazilian steakhouses, and mom-and-pop shops.