Affordable Housing Markets
Looking to move to a more affordable area? Take a look at these 10 metro areas, ranked based on the percentage of affordable homes for a family making the median income in that neighborhood.
Source: National Association of Home Builders/Wells Fargo Housing Opportunity Index. Based on fourth quarter 2008 data.
Posted 20 Mar 2009
»Slideshow: Least Affordable Metro Areas
10. Utica-Rome, N.Y.
Median home price: $72,000
Median family income: $52,700
Share of affordable homes: 89.7%
»Slideshow: Least Affordable Metro Areas
9. Saginaw-Saginaw Township, Mich.
Median home price: $73,000
Median family income: $51,600
Share of affordable homes: 90.0%
»Slideshow: Least Affordable Metro Areas
8. Canton-Massillon, Ohio
Median home price: $82,000
Median family income: $54,600
Share of affordable homes: 91.4%
»Slideshow: Least Affordable Metro Areas
7. Battle Creek, Mich.
Median home price: $77,000
Median family income: $54,600
Share of affordable homes: 92.1%
»Slideshow: Least Affordable Metro Areas
5. Bay City, Mich. (Tied)
Median home price: $78,000
Median family income: $53,700
Share of affordable homes: 93.1%
»Slideshow: Least Affordable Metro Areas
5. Indianapolis-Carmel, Ind. (Tied)
Median home price: $103,000
Median family income: $65,100
Share of affordable homes: 93.1%
»Slideshow: Least Affordable Metro Areas
4. Springfield, Ohio
Median home price: $77,000
Median family income: $54,500
Share of affordable homes: 93.2%
»Slideshow: Least Affordable Metro Areas
3. Lima, Ohio
Median home price: $75,000
Median family income: $56,900
Share of affordable homes: 93.4%
»Slideshow: Least Affordable Metro Areas
2. Sandusky, Ohio
Median home price: $85,000
Median family income: $62,300
Share of affordable homes: 94.4%
»Slideshow: Least Affordable Metro Areas
1. Lansing-East Lansing, Mich.
Median home price: $86,000
Median family income: $62,700
Share of affordable homes: 95.0%
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»Slideshow: Least Affordable Metro Areas