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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%

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