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 |