Calculate using real Pittsburgh data. Median home price: $225,000. Property tax rate: 2.12%.
With the median household income of $53,485 in Pittsburgh, PA, following the 28% rule, you could afford a monthly payment of about $1,248.
The cost of living index in Pittsburgh, PA is 94 (national average = 100). A home at the median price of $225,000 would require roughly 4.2x the median income.
A conventional 20% down payment on the median Pittsburgh, PA home ($225,000) would be $45,000. FHA loans may require as little as 3.5% ($7,875).