Affordability index

We are getting there but we still have some air left in the bubble.

HOUSING AFFORDABILITY RATINGS UNITED STATES METROPOLITAN MARKETS OVER 1,000,000



Rank Metropolitan Area Median Multiple
AFFORDABLE
1 Indianapolis 2.2
2 Cleveland 2.3
2 Detroit 2.3
4 Rochester 2.4
5 Buffalo 2.5
5 Cincinnati 2.5
7 Atlanta 2.6
7 Pittsburgh 2.6
7 St. Louis 2.6
10 Columbus 2.7
10 Dallas-Fort Worth 2.7
10 Kansas City 2.7
10 Mem[hios 2.7
14 Oklahoma City 2.8
15 Houston 2.9
15 Louisville 2.9
15 Nashville 2.9
MODERATELY UNAFFORDABLE
18 Minneapolis-St. Paul 3.1
18 New Orleans 3.1
20 Birmingham 3.2
20 San Antonio 3.2
22 Austin 3.3
22 Jacksonville 3.3
24 Phoenix 3.4
25 Sacramento 3.5
26 Tampa-St. Petersburg 3.6
27 Denver 3.7
27 Hartford 3.7
27 Las Vegas 3.7
27 Raleigh 3.7
27 Richmond 3.7
32 Salt Lake City 3.8
33 Charlotte 3.9
33 Riverside-San Bernardino 3.9
33 Washington (DC) 3.9
36 Milwaukee 4.0
36 Philadelphia 4.0
SERIOUSLY UNAFFORDABLE
38 Chicago 4.1
38 Orlando 4.1
40 Baltimore 4.2
41 Virginia Beach-Norfolk 4.3
42 Providence 4.4
43 Portland (OR) 4.9
SEVERELY UNAFFORDABLE
44 Seattle 5.2
45 Boston 5.3
46 Miami-West Palm Beach 5.6
47 San Diego 5.9
48 New York 7.0
49 Los Angeles 7.2
50 San Jose 7.4
51 San Francisco 8.0