New Blog 2: Median Home Prices By City

Thursday, 8 November 2012

Median Home Prices By City

The study looked at median home price and the median income of cities around the country and came up with an affordability score. The score indicates the percentage of homes that a family earning the median income in that area can afford to buy. San Francisco’s affordability score was 32%. This wasn’t far behind the least affordable city in the U.S., which was Manhattan. Residents earning the median income in New York City could afford about 29.4% of the homes being sold in that area.