Most Vs. Least Affordable Places in The USA to buy…… Interesting….

The Most Affordable Real Estate Markets To Buy a House

CNN Money… they did a vast survey and came up with a list of the most affordable places to buy houses vs. least affordable. (defined by the median income versus the media house purchase price) in America.

Most Affordable

1. Indianapolis -
   Median home price: $105,000
   Median income: $68,100
   Affordability score: 94.5%
2. Youngstown, OH
   Median home price: $72,000
   Median income: $54,300
   Affordability score: 93.9%
3. Detroit, MI
   Median home price: $84,000
   Median income: $57,100
   Affordability score: 92.2%
4. Warren, MI
   Median home price: $140,000
   Median income: $79,000
   Affordability score: 91.8%
5. Grand Rapids, MI
   Median home price: $103,000
   Median income: $63,100
   Affordability score: 91.4% — 5th best

Notice 3 of the top 5 are in Michigan…

The Least Affordable Real Estate Markets To Buy a House

1. New York City, NY
   Median home price: $425,000
   Median income: $64,800
   Affordability score: 19.2%
2. San Francisco, CA
   Median home price: $598,000
   Median income: $96,800
   Affordability score: 23.6%
3. Honolulu, HI
   Median home price: $598,000
   Median income: $96,800
   Affordability score: 23.6%
4. Santa Ana, CA
   Median home price: $598,000
   Median income: $96,800
   Affordability score: 23.6%
5. Nassau/Suffolk, NY
   Median home price: $380,000
   Median income: $101,800
   Affordability score: 39.6% — 5th worst

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