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Most Affordable Metro Areas

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.
Photo: CVB

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.
: $72,000 : $52,700 : 89.7%
Photo: Jmancuso

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.
: $73,000 : $51,600 : 90.0%
Photo: Hsxeric

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
: $82,000 : $54,600 : 91.4%
Photo: Malepheasant

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.
: $77,000 : $54,600
Photo: CVB

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)
: $78,000 : $53,700 : 93.1%
Photo: Smezzy

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)
: $103,000 : $65,100 : 93.1%
Photo: www.carmel.in.gov.com

Median home price: $103,000

Median family income: $65,100

Share of affordable homes: 93.1%

»Slideshow: Least Affordable Metro Areas

4. Springfield, Ohio
: $77,000 : $54,500 : 93.2%
Photo: Cindy Funk

Median home price: $77,000

Median family income: $54,500

Share of affordable homes: 93.2%

»Slideshow: Least Affordable Metro Areas

3. Lima, Ohio
: $75,000 : $56,900 : 93.4%
Photo: Lima Building

Median home price: $75,000

Median family income: $56,900

Share of affordable homes: 93.4%

»Slideshow: Least Affordable Metro Areas

2. Sandusky, Ohio
: $85,000 : $62,300 : 94.4%
Photo: David Fulmer

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.
: $86,000 : $62,700 : 95.0%
Photo: East Lansing

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