April 14, 2017

This Map Ranks The Affordability Of Houses In Major U.S. Cities (Relative To Income)

This map shows the affordability of homes in major U.S. cities relative to income.

Anastasia Ivanov

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Using median income data from the U.S. census and median home prices from Zillow, this map shows how many years of median income it costs to purchase a median house in each of these cities. Based on this calculation, Detroit is the most affordable city because the median home price is only 1.5 times the median income. The least affordable city is San Francisco where it takes 14.1 years of median income to pay for the median home price.

The Affordability Of Houses In Major U.S. Cities Based On Income

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<p>Via: <a href="http://staging.investmentzen.com/news/this-map-ranks-the-affordability-of-houses-in-major-u-s-cities-relative-to-income/">InvestmentZen.com</a></p>

This map shows the numbers of years of median income it would take to purchase a median home in major U.S. cities.

Anchorage

Median House Value: $292,200
Median Household Income: $78,326
Amount of Income Needed to Purchase: 3.7x

Atlanta

#11

Median House Value: $182,900
Median Household Income: $47,527
Amount of Income Needed to Purchase: 3.8x

Baltimore

Median House Value: $122,700
Median Household Income: $42,241
Amount of Income Needed to Purchase: 2.9x

Boston

#23

Median House Value: $535,800
Median Household Income: $55,777
Amount of Income Needed to Purchase: 9.6x

Chicago

#14

Median House Value: $219,900
Median Household Income: $48,522
Amount of Income Needed to Purchase: 4.5x

Cincinnati

Median House Value: $123,300
Median Household Income: $33,604
Amount of Income Needed to Purchase: 3.7x

Cleveland

Median House Value: $56,100
Median Household Income: $26,150
Amount of Income Needed to Purchase: 2.1x

Dallas

Median House Value: $162,300
Median Household Income: $43,781
Amount of Income Needed to Purchase: 3.7x

Denver

#17

Median House Value: $373,600
Median Household Income: $53,637
Amount of Income Needed to Purchase: 7.0x

Detroit

Median House Value: $38,200
Median Household Income: $25,764
Amount of Income Needed to Purchase: 1.5x

Honolulu

#22

Median House Value: $666,500
Median Household Income: $74,460
Amount of Income Needed to Purchase: 9.0x

Houston

#10

Median House Value: $224,500
Median Household Income: $46,187
Amount of Income Needed to Purchase: 3.7x

Los Angeles

#26

Median House Value: $616,900
Median Household Income: $50,205
Amount of Income Needed to Purchase: 12.3x

Miami

#24

Median House Value: $302,100
Median Household Income: $31,051
Amount of Income Needed to Purchase: 9.7x

Minneapolis

#15

Median House Value: $231,700
Median Household Income: $51,480
Amount of Income Needed to Purchase: 4.5x

New York City

#25

Median House Value: $637,900
Median Household Income: $53,373
Amount of Income Needed to Purchase: 12.0x

Orlando

#12

Median House Value: $164,200
Median Household Income: $42,318
Amount of Income Needed to Purchase: 3.9x

Philadelphia

Median House Value: $135,200
Median Household Income: $38,253
Amount of Income Needed to Purchase: 3.5x

Pittsburgh

Median House Value: $121,500
Median Household Income: $40,715
Amount of Income Needed to Purchase: 3.0x

Portland

#18

Median House Value: $414,200
Median Household Income: $55,003
Amount of Income Needed to Purchase: 7.5x

Sacramento

#16

Median House Value: $290,600
Median Household Income: $50,739
Amount of Income Needed to Purchase: 5.7x

San Diego

#20

Median House Value: $555,400
Median Household Income: $66,116
Amount of Income Needed to Purchase: 8.4x

San Francisco

#27

Median House Value: $1,147,300
Median Household Income: $81,294
Amount of Income Needed to Purchase: 14.1x

Seattle

#21

Median House Value: $624,700
Median Household Income: $70,594
Amount of Income Needed to Purchase: 8.8x

St. Louis

Median House Value: $117,800
Median Household Income: $35,599
Amount of Income Needed to Purchase: 3.3x

Tampa

#13

Median House Value: $181,100
Median Household Income: $44,185
Amount of Income Needed to Purchase: 4.1x

Washington D.C.

#19

Median House Value: $550,200
Median Household Income: $70,848
Amount of Income Needed to Purchase: 7.8x

Data from Zillow and U.S. Census Bureau

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