Chicago - IL vs Pittsburgh - PA: 2026 Housing Comparison

What this means for buyers

Chicago - IL is roughly 56% more expensive than Pittsburgh - PA in typical home value.

Chicago vs Pittsburgh: what the numbers say

At today's 7.32% average 30-year rate with 20% down, the typical home would cost about $1,954 a month in principal and interest in Chicago and $1,254 in Pittsburgh, a gap of $700 a month.

Typical rent runs $2,163 in Chicago and $1,467 in Pittsburgh, so the mortgage payment alone is 0.9 times rent in Chicago and 0.9 times rent in Pittsburgh, before taxes and insurance.

Home prices are 13.7 years of rent in Chicago and 13.0 in Pittsburgh; the lower ratio in Pittsburgh means buying there is cheaper relative to renting.

Over the last 23 months typical values moved +8.3% in Chicago and +2.2% in Pittsburgh; over just the last three months the change was +1.5% in Chicago and +0.3% in Pittsburgh.

Homes sell for 100.5% of list price in Chicago and 98.3% in Pittsburgh, after 14 and 15 days on the market, with price cuts on 28% and 30% of listings. All three signs point the same way: buyers have more room to negotiate in Pittsburgh.

The number of homes for sale is up 1% on a year ago in Chicago and up 13% on a year ago in Pittsburgh.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-22), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.