- Kokomo, IN (99.2% home affordability)
- Fairbanks, AK (97.5% home affordability)
- Cumberland, WV (96.9% home affordability)
- Lima, OH (96.0% home affordability)
- Rockford, IL (95.5% home affordability)
Home Affordability Reaches An All-Time High
Home affordability moved higher last quarter, boosted by the lowest mortgage rates in history, a rise in median income, and slow-to-recover home prices throughout FL and the country.
According to the National Association of Home Builders, the quarterly Home Opportunity Index read 75.9 in 2011's fourth quarter. More than 3 in 4 homes sold between October-December 2011, in other words, were affordable to households earning the national median income of $64,200.
Never in recorded history have U.S. homes been as affordable on a national level. Even on a regional and local level, affordability soared.
Affordability was highest in the Midwest; 7 of the 10 most affordable markets nationwide were in the nation's heartland.
The Top 5 most affordable U.S. cities in Q4 2011 were:
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