(412) 999-7612
  Southbound Enterprises LLC
  • Home
  • About Us & Meet Our Team
  • Contact Us
    • Testimonials
    • Legal and Disclosure Info
  • For Sale
    • Featured Listings
    • Spotlight Property
    • Address Search
    • Advanced Search
    • Map Search
    • Email Update Signup
  • Rentals
  • Property Management
  • Blog
  • Oil, Gas, and Minerals
  • We Buy Real Estate
  • Mortgage Calculator
  • Home Valuation

Pittsburgh: One of the Most Affordable Metros for Getting Married and Buying a House in the Same Year

11/12/2019

0 Comments

 
It's not uncommon to get married and buy a house all in the same year. These two big life changes can really add up, so Redfin set out to find which cities were the most affordable for couples to get hitched and buy a new house in. Pittsburgh ranked third on the last, just below Detroit MI, and Cleveland, OH. 
Picture
To go about their study, Redfin calculated downpayment amounts in 25 popular metros in the U.S., assuming a downpayment of 20% on the median list price as of April 2019. They then added that data to wedding costs from WeddingWire, which reported that the average cost of a wedding, engagement ring, and honeymoon to be just under $39,000 in 2018.

Here's a look at the data for the top five most affordable metros for getting married and buying a house in the same year.
Picture
Image Source: Redfin
According to WeddingWire, average wedding cost in Pittsburgh is $27,000, which is more than $10,000 below the nation average of $38,700. In Pittsburgh, the median list price was reported to be just under $190,000. The average median list price for the metros studied was $308,000.

A 20% downpayment, based off of a $190,000 list price, would be $37,980 in Pittsburgh, whereas the average downpayment for the metros studied was close to $80,000. The average wedding and downpayment on a home would cost a Pittsburgh couple $64,980, which is almost $50,000 below the national average. 

The five most expensive metros in the study were found to be Boston, MA, San Diego, CA, New York, NY, Lost Angeles, CA, and San Francisco, CA coming in at the most expensive, with an average wedding and downpayment costing a couple $325,000, which is over $215,000 above the national average and $260,020 above Pittsburgh's average wedding and downpayment cost. 

To learn more about the most and least affordable metros to buy a home and get married in the same year, check out the full article on Redfin's website here. 
0 Comments



Leave a Reply.

    Welcome

    Hello and welcome to the Southbound Enterprises Blog! Find out more about us and what we do here.

    Archives

    July 2022
    April 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    March 2020
    January 2020
    November 2019
    October 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    November 2018
    August 2018
    July 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017

    Categories

    All
    Pittsburgh
    Real Estate
    Southbound Enterprises

Picture

Contact Us | For Sale | For Rent | Blog | Property Management | Oil, Gas, and Minerals 

    Subscribe To Our Newsletter

Subscribe