Tuesday, February 23, 2010
Most (And Least) Affordable Cities To Buy A House
On the most affordable list we have:
1. Indianapolis, IN
Median home price: $106,000
Median income: $68,100
Affordability score: 95.7%
2. Detroit, MI
Median home price: $86,000
Median income: $57,100
Affordability score: 93.4%
3. Dayton, OH
Median home price: $106,400
Median income: $62,100
Affordability score: 93.2%
4. Youngstown, OH
Median home price: $76,000
Median income: $54,300
Affordability score: 93%
5. Akron, OH
Median home price: $100,000
Median income: $65,000
Affordability score: 92.2%
And the least affordable?
1. New York, NY
Median home price: $425,000
Median income: $64,800
Affordability score: 19.7%
2. San Francisco, CA
Median home price: $625,000
Median income: $96,800
Affordability score: 22.3%
3. Honolulu, HI
Median home price: $450,000
Median income: $79,300
Affordability score: 33.8%
4. Santa Ana, CA
Median home price: $435,000
Median income: $86,100
Affordability score: 34.5%
5. Los Angeles, CA
Median home price: $320,000
Median income: $62,100
Affordability score: 36.8%
Want a home price analysis for your home or neighborhood?
Click Here: Free Home Value Analysis
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The Cascade Team Real Estate
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