10 most affordable housing markets

Published: Monday, June 2 2014 11:31 p.m. MDT

Wikimeda commons

CityLab recently did the math on affordable housing, ranking cities in the U.S. based on the average housing costs there.

The following cities are listed based on the percentage of housing that someone with an average income can afford. Because these averages vary from state to state, CityLab adjusted its averages accordingly.

"In most U.S. markets, the majority of homes for sale are within reach of the middle class, and buying is cheaper than renting in all of the 100 largest metros," CityLab wrote.

Did your city make the list?
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Upstate, NY

Housing prices in NY are very misleading. Property taxes are among the highest in the nation (three to five times what they are in Utah). This depresses home prices and makes it appear much more affordable than it really is. Property taxes will account for half (or more) of your monthly payment. This dramatically diminishes the kind of house you thought you could afford when only looking at the price. With property taxes included in the analysis, I doubt Rochester would be on this list.

The Rock
Federal Way, WA

Okay so 81% of the middle class can afford to live in these cities.
So how much do the houses cost? That would have been useful.

Jim Hippen
Palmyra, NY

Have property taxes been figured in? Monroe County, where Rochester, NY is, has the highest property taxes in the country. Even after your house is paid for, you'll have a huge monthly payment to cover your taxes.

Park City, UT

The article says nothing about the quality of like. I have been in 75% of these cities in the last 6 months and many of them have serious quality of life issues. Detroit proper is a war zone, and Gary Indiana is not much better. So you home is affordable for good reason.

Indianapolis, IN

Agree with the comments about property taxes in NY. The actual amounts vary depending on your county and school district. While I lived there I paid $600 per month in property taxes and I knew several people who paid over $1000 per month. That's more than some people's mortgage payment.

Bountiful, UT

Those are pretty small homes. I don't recall ever living in one that little, although my mom & dad did live in an apt when I was born :) I've lived in several states and even countries but want to grow old right here in Utah!

Henry Drummond
San Jose, CA

I would check the "structural unemployment rate" of these affordable cities before moving there. I've visited almost all of them. With all due respects to the fine people there, I don't think I would want to live in any of them.

Henderson, NV

Honestly who would want to live in any of those places in a 1350 sq foot house? There are still a lot really good deals here in Nevada. We are still recovering from the recession so still sone nice homes for very reasonable costs and NO SNOW😀

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