Why Pittsburgh?
The Pittsburgh MSA has had both an increasing population and a double digit increase in GDP over the last decade. As a major sports town and home to premium art museums, Pittsburgh’s quality of life is very high but cost of living remains 13% below the national average. And, 50% of the population rents, which creates strong tenant demand, upward pressure on rents, and a large pool of qualified renters for your properties. (Sources: US Census, FRED, Forbes).
Property Highlights
- Fully-Renovated Single Family Homes and MultiPlexes
- Tenants and Local Property Management Already in Place
- High Demand Pittsburgh Locations
- 130K Average Purchase Price
- 7% Average Cap Rate
Market Highlights
- Home to 8 Fortune 500 Companies (Forbes)
- Population Steadily Increasing Over the Past Decade (US Census)
- Cost of Living Still 13% Below the National Average (Forbest)
- Double Digit GDP Growth over the Last Decade (FRED)
- 50% of Pittsburgh Residents are Renters