Pittsburgh Ranks #1 As The Most Undervalued City In US

Smart Asset says we get the most livability for our dollar

Andrew Limberg
July 13, 2018 - 4:13 pm
Pittsburgh
Categories: 

PITTSBURGH (Newsradio 1020 KDKA) - Pittsburgh is tops on another list, This time Smart Asset ranks Pittsburgh the number 1 undervalued city in the country.

The study says the average house in Pittsburgh is worth around $91 dollars per square foot but should be worth $266 per square foot.

They say Pittsburgh has such a high value is because of the population education.

“This city has the 50th-highest high school graduation rate and the 35th-highest percentage of residents with a bachelor’s degree out of the 200 cities in the study. Overall our model suggests that living in Pittsburgh yields an estimated $175 per square foot in surplus value.”

Smart Asset says they, “developed a model that projects home value per square foot based on how desirable a city is to live in (also known as “livability”). We looked at metrics including crime, unemployment, weather, high school graduation rates, and walkability to uncover where residents get the most livability for their dollar.”

The other cities that made the top 10

2. Philadelphia, PA
3. Newark, NJ
4. Baltimore, MD
5. Ann Arbor, MI
6. Charleston, SC
7. New Haven, CT
8. Plano, TX
9. Providence, RI
10. Chicago, IL

 

___
Follow KDKA Radio: Facebook | Twitter | Instagram
Listen to KDKA Radio on the Radio.com App - Download Now