Monroeville among nation's most-affordable cities to buy home
By Kyle Lawson
Published: Wednesday, Aug. 28, 2013, 9:00 p.m.
Monroeville was ranked nationally this month as one of the top 25 most-affordable places to buy a home.
A list of U.S. communities was compiled and published online by CNN Money, a subsidiary of CNN News. The list was based on the ratio of a community's median income to median home price. Monroeville ranked 22, with a median home price of $120,000 and a median family income at $72,122, according to the website.
The author notes a large business, medical and research district in the municipality of 28,000, which makes the area feel like a larger community.
And despite municipal services provided to residents — such as a library, senior center, dispatch center and refuse collection — Monroeville offers one of the lowest property-tax rates in the region, Monroeville Mayor Greg Erosenko said.
“I think it's very attainable for families to consider to move out here,” he said.
Monroeville real-estate agent Dick Reid said a home buyer can get a lot of house in Monroeville for a fair price. Reid said he recently sold a two bedroom home in Lower Burrell for $145,000, while he has a three bedroom home in Monroeville for $129,000.
Lower Burrell is a smaller community with fewer homes on the market, which decreases supply and increases cost, Reid said. But that's not to say Monroeville's housing market is unhealthy, just larger, he added.
“I don't think inventory in Monroeville is greater than other communities,” he said.
Only one community per county and no more than two per state were eligible to make the list. In addition, the list included only communities where more than 100 homes sold in 2012, according to the website.
The disclaimer calls in to question the accuracy of the list, said municipal data specialist Eric Montarti of the Allegheny Institute for Public Policy, a Castle Shannon-based think tank.
“You always have to just take it with a grain of salt,” Montarti said.
For instance, the website lists a 15-mile commute to downtown Pittsburgh, though it doesn't take in to account traffic on the Parkway East, Montarti said.
Sources for the publication included Onboard Informatics and information from county and municipal assessors' offices, according to the website.
Kyle Lawson is a staff writer for Trib Total Media. He can be reached at 412-856-7400, ext. 8755, or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
Subscribe today! Click here for our subscription offers.