Home Affordability rankings for top 50 markets
Mar 18, 2008 Home affordability rankings for top 50 markets
| Affordability rank |
Market |
Median household income per month |
Median mortgage payment per month |
Median property-tax payment per month |
Median total housing payment per month |
Total housing payment as % of household income |
Population |
| 1 |
Oklahoma City |
$3,503 |
$591 |
$76 |
$667 |
19.04% |
1,173,632 |
| 2 |
San Antonio |
$3,752 |
$570 |
$177 |
$747 |
19.91% |
1,948,437 |
| 3 |
Birmingham |
$3,711 |
$709 |
$44 |
$753 |
20.29% |
1,089,883 |
| 4 |
Indianapolis |
$4,237 |
$757 |
$121 |
$878 |
20.72% |
1,669,370 |
| 5 |
Pittsburgh |
$3,605 |
$599 |
$166 |
$765 |
21.22% |
2,370,776 |
| 6 |
Kansas City |
$4,363 |
$826 |
$145 |
$971 |
22.26% |
1,966,790 |
| 7 |
Buffalo |
$3,569 |
$567 |
$228 |
$795 |
22.28% |
1,137,520 |
| 8 |
Houston |
$4,188 |
$700 |
$235 |
$935 |
22.33% |
5,542,048 |
| 9 |
Memphis |
$3,508 |
$678 |
$109 |
$787 |
22.43% |
1,268,328 |
| 10 |
Rochester, N.Y. |
$3,979 |
$626 |
$267 |
$893 |
22.44% |
1,035,435 |
| 11 |
Louisville |
$3,760 |
$750 |
$97 |
$847 |
22.53% |
1,220,636 |
| 12 |
Charlotte |
$4,197 |
$850 |
$122 |
$972 |
23.16% |
1,582,627 |
| 13 |
St. Louis |
$4,147 |
$822 |
$140 |
$962 |
23.20% |
2,793,988 |
| 14 |
Cincinnati |
$4,192 |
$821 |
$152 |
$973 |
23.21% |
2,105,010 |
| 15 |
Dallas-Fort Worth |
$4,333 |
$761 |
$259 |
$1,020 |
23.54% |
6,006,094 |
| 16 |
Nashville |
$3,975 |
$857 |
$103 |
$960 |
24.15% |
1,455,296 |
| 17 |
Atlanta |
$4,629 |
$1,008 |
$128 |
$1,136 |
24.54% |
5,134,871 |
| 18 |
New Orleans |
$3,872 |
$918 |
$33 |
$951 |
24.56% |
1,024,678 |
| 19 |
Columbus |
$4,160 |
$875 |
$187 |
$1,062 |
25.53% |
1,725,570 |
| 20 |
Cleveland |
$3,827 |
$807 |
$196 |
$1,003 |
26.21% |
2,114,155 |
| 21 |
Detroit |
$4,334 |
$936 |
$215 |
$1,151 |
26.56% |
4,468,966 |
| 22 |
Austin |
$4,407 |
$885 |
$295 |
$1,180 |
26.78% |
1,506,425 |
| 23 |
Salt Lake City |
$4,466 |
$1,097 |
$118 |
$1,215 |
27.21% |
1,067,190 |
| 24 |
Richmond |
$4,451 |
$1,098 |
$121 |
$1,219 |
27.39% |
1,196,411 |
| 25 |
Jacksonville |
$4,145 |
$1,040 |
$117 |
$1,157 |
27.91% |
1,276,856 |
| 26 |
Minneapolis-St. Paul |
$5,185 |
$1,306 |
$193 |
$1,499 |
28.91% |
3,175,041 |
| 27 |
Virginia Beach-Norfolk |
$4,415 |
$1,214 |
$136 |
$1,350 |
30.58% |
1,647,400 |
| 28 |
Denver |
$4,583 |
$1,323 |
$132 |
$1,455 |
31.75% |
2,408,622 |
| 29 |
Hartford |
$5,146 |
$1,332 |
$319 |
$1,651 |
32.08% |
1,188,841 |
| 30 |
Philadelphia |
$4,633 |
$1,243 |
$254 |
$1,497 |
32.31% |
5,826,742 |
| 31 |
Milwaukee |
$4,189 |
$1,065 |
$301 |
$1,366 |
32.61% |
1,509,981 |
| 32 |
Tampa-St. Petersburg |
$3,645 |
$1,092 |
$134 |
$1,226 |
33.64% |
2,697,731 |
| 33 |
Chicago |
$4,751 |
$1,358 |
$309 |
$1,667 |
35.09% |
9,506,859 |
| 34 |
Baltimore |
$5,084 |
$1,622 |
$178 |
$1,800 |
35.41% |
2,658,405 |
| 35 |
Phoenix |
$4,322 |
$1,437 |
$107 |
$1,544 |
35.72% |
4,039,182 |
| 36 |
Orlando |
$4,078 |
$1,312 |
$147 |
$1,459 |
35.78% |
1,984,855 |
| 37 |
Portland, Ore. |
$4,373 |
$1,449 |
$205 |
$1,654 |
37.82% |
2,137,599 |
| 38 |
Washington |
$6,582 |
$2,450 |
$258 |
$2,708 |
41.14% |
5,288,670 |
| 39 |
Las Vegas |
$4,461 |
$1,731 |
$138 |
$1,869 |
41.90% |
1,777,539 |
| 40 |
Seattle |
$5,055 |
$1,875 |
$244 |
$2,119 |
41.92% |
3,263,497 |
| 41 |
Providence |
$4,316 |
$1,669 |
$244 |
$1,913 |
44.32% |
1,612,989 |
| 42 |
Boston |
$5,345 |
$2,181 |
$312 |
$2,493 |
46.64% |
4,455,217 |
| 43 |
Miami-Fort Lauderdale |
$3,886 |
$1,686 |
$211 |
$1,897 |
48.82% |
5,463,857 |
| 44 |
Riverside-San Bernardino, Calif. |
$4,437 |
$2,134 |
$160 |
$2,294 |
51.70% |
4,026,135 |
| 45 |
Sacramento |
$4,746 |
$2,291 |
$189 |
$2,480 |
52.25% |
2,067,117 |
| 46 |
New York City |
$4,940 |
$2,475 |
$449 |
$2,924 |
59.19% |
18,818,536 |
| 47 |
San Jose |
$6,720 |
$3,996 |
$343 |
$4,339 |
64.57% |
1,784,826 |
| 48 |
San Diego |
$4,966 |
$3,086 |
$217 |
$3,303 |
66.51% |
2,941,454 |
| 49 |
San Francisco-Oakland |
$5,872 |
$3,791 |
$307 |
$4,098 |
69.79% |
4,180,027 |
| 50 |
Los Angeles |
$4,626 |
$3,262 |
$229 |
$3,491 |
75.46% |
12,950,129 | |
ShortSale Testimonial
Total Owed: $98,500
Accepted: $66,452
Time to Negotiate: 21 Days WAMU HOME EQUITY LOAN TOOK OVER 50K DISCOUNT DUE TO A COUNTY TAXES
FORECLOSE IN 11 DAYS
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