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Pittsburgh is one of the most affordable cities to live in the US, according to’s first Mortgage Affordability Report.

The new report—published on March 24th by the San Jose, CA-based residential real estate website—pulled data from the 25 largest housing markets in the US and looks at affordability on a national level as the spring housing season approaches.

Data analyzed in the study includes: national key affordability indicators, most affordable markets (ranked by lowest 2015 predicted mortgage-to-income ratio with a 30-year fixed-rate mortgage) and least affordable markets (ranked by highest 2015 predicted mortgage-to-income ratio with a 30-year fixed-rate mortgage)

“Over the last 10 years, we have seen marketplace gyrations ranging from bubble to burst to recovery to stabilization, and we are now seeing a market of extremes on the affordability front,” said Jonathan Smoke, chief economist for “Buyers—especially first-time home buyers—might feel more motivated as the overall market continues to improve, and this report provides potential buyers with local insight that is both informative and instructive.”

Smoke’s team also crunched the numbers for different types of mortgages, looking at scenarios with an adjustable-rate mortgage and with a low down-payment mortgage offered through the Federal Housing Administration.

What are the other most affordable markets? Detroit tops the list, and after the Motor City are St. Louis, Cleveland, Atlanta and Pittsburgh.

With a median income of $54,264, Pittsburgh had a 20.1% mortgage to income ratio.

The report also states that while large sections of the US have plenty of affordable homes for sale, in the nation’s priciest markets ordinary buyers cannot afford their first home: “Across the nation, by the end of 2015, even middle-of-the-road housing costs will come dangerously close to the line dividing affordable from unaffordable. The median household income of $55,533 will just fall short, spending 27.6% of income annually on a median-priced home purchased with a 30-year fixed-rate mortgage; while renters will tip over the line, handing over 29.5% of their income for housing.”

It probably won’t shock anyone that the San Francisco area tops the list of least affordable metro areas, with runners-up in unaffordability being San Diego, Los Angeles, New York City and Miami.

Read’s 2015 Mortgage Affordability Report.

Jennifer has worked at the Mattress Factory, Brooklyn Museum of Art and Dahesh Museum of Art and is co-author of Pittsburgh Signs Project: 250 Signs of Western Pennsylvania. She also is co-coordinator of Handmade Arcade. Musically, she is in a band called The Garment District and is a founding member of Brooklyn's The Ladybug Transistor.