Mortgage Rates in Pittsburgh, Pennsylvania: 2026 Guide
30-year fixed: 6.68%. Median: $265,000.
Current Mortgage Rates in Pittsburgh
| Loan Type | Rate | APR | Monthly* |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.760% | $1,365/mo |
| 15-Year Fixed | 6.16% | 6.230% | $1,807/mo |
| 5/1 ARM | 6.06% | 6.410% | $1,279/mo |
Pittsburgh Market Insights
Pittsburgh has transformed from an industrial city to a hub for healthcare, tech, and education. The housing market remains very affordable relative to other East Coast metros. Neighborhoods like Shadyside, Lawrenceville, and Squirrel Hill are popular with professionals and families. The city’s strong anchor institutions provide economic stability.
Frequently Asked Questions
What is the average mortgage rate in Pittsburgh?+
How much down payment is needed in Pittsburgh?+
What are property taxes in Pittsburgh?+
What a $265,000 Home Costs in Pittsburgh
At Pittsburgh's median home price of $265,000, a 20% down payment is $53,000. On a 30-year fixed loan at 6.68%, the monthly principal and interest payment works out to $1,365, and property taxes add roughly $349 per month at an effective rate of 1.58%. That puts the total PITI payment near $1,714 a month before homeowners insurance and HOA fees.
Keeping housing at or below 28% of gross income means a buyer in Pittsburgh typically needs to earn about $73,457 a year to carry this payment comfortably.
Tax & Rate Context in Pittsburgh
The effective property tax rate in Pittsburgh is 1.58%, which works out to roughly $4,187 a year on a median-priced home. The average 30-year fixed rate of 6.68% sits -0.03 points below the national average of 6.71%, giving local buyers a small payment advantage. Pittsburgh has an estimated population of 303K, and demand in the local market affects how quickly homes move and how often sellers negotiate on price.