Nation's Most and Least Affordable Housing Markets
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Most Affordable Housing Markets
Metro Area Median Home Price Median Income % of People Who Can Afford a Home
Kokomo, IN $88,000 $57,400 95.3%
Lima, OH $80,000 $56,900 95.0%
Cumberland, MD-WV $70,000 $50,100 93.7%
Lansing-East Lansing, MI $97,000 $62,700 93.0%
Springfield, OH $76,000 $54,500 92.6%
Battle Creek, MI $75,000 $54,600 92.0%
Wheeling, WV-OH $79,000 $45,800 91.5%
Bay City, MI $80,000 $53,700 90.2%
Indianapolis, IN $106,000 $65,100 90.1%
Monroe, MI $133,000 $66,200 90.0%
Source: National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI)
As always, the most affordable housing markets are concentrated in Ohio, Michigan and Indiana. More than 90 percent of the people who live in the metros on this list can afford a median priced home.
Least Affordable Housing Markets
Metro Area Median Home Price Median Income % of People Who Can Afford a Home
Los Angeles-L Bch-Glendale, CA $412,000 $59,800 10.5%
New York-W Plains-Wayne, NJ-NY $490,000 $63,000 12.5%
San Francisco-S Mateo-R City, CA $680,000 $94,300 12.7%
Salinas, CA $393,000 $64,800 13.1%
San Luis Obispo-P Robles, CA $425,000 $67,000 13.8%
Napa, CA $449,000 $79,600 15.8%
Miami-Miami Bch-Kendall, FL $300,000 $49,200 16.5%
Santa Ana-Anaheim-Irvine, CA $470,000 $84,100 17.4%
Santa Barbara-S Maria-Goleta, CA $380,000 $65,200 19.6%
Nassau-Suffolk, NY $420,000 $97,100 20.1% |
