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Affordable housing market
Posted in June's Kelowna Real Estate Blog on January 28, 2009
The Demographia International Housing Affordability Survey uses the "median multiple" (median house price divided by median household income) to assess housing affordability.
All of the 87 affordable markets (having a median multiple of 3.0 or below) were in Canada and the United States. There were 77 affordable markets in the United States and 10 affordable markets in Canada.
Here is the list, with the rank, country, metropolitan area and median mutiple:
1 United States: Youngstown, Ohio-Pa., 1.8
2 United States: Fort Wayne, Ind., 1.9
3 United States: Evansville, Ind.-Ky., 2.0
3 United States: South Bend, Ind., 2.0
5 United States: Canton, Ohio, 2.1
5 Canada: Cape Breton, N.S., 2.1
5 United States: Davenport-Moline, Iowa-Ill., 2.1
5 United States: Flint, Mich., 2.1
5 United States: Fort Smith, Ark.-Okla., 2.1
5 United States: Lansing, Mich., 2.1
5 United States: Toledo, Ohio, 2.1
12 United States: Akron, Ohio, 2.2
12 United States: Clarksville, Tenn.-Ky., 2.2
12 United States: Grand Rapids, Mich., 2.2
12 United States: Indianapolis, Ind., 2.2
12 Canada: Thunder Bay, Ont., 2.2
17 Canada: Chatham, Ont., 2.3
17 United States: Cleveland, Ohio, 2.3
17 United States: Detroit, Mich., 2.3
17 United States: Erie, Pa., 2.3
17 United States: Killeen, Texas, 2.3
17 United States: Rockford, Ill. 2.3
17 Canada: Windsor, Ont., 2.3
24 United States: Columbus, Ga.=Ala., 2.4
24 United States: Dayton, Ohio, 2.4
24 United States: Fayetteville, N.C., 2.4
24 United States: Huntington, W.V.-Ky.-Ohio, 2.4
24 Canada: Moncton, 2.4
24 United States: Peoria, Ill., 2.4
24 United States: Rochester, N.Y., 2.4
24 United States: Utica, N.Y., 2.4
32 United States: Buffalo, N.Y., 2.5
32 United States: Cedar Rapids, Iowa, 2.5
32 United States: Cincinnati, Ohio-KY.,Ind., 2.5
32 United States: Huntsville, Ala., 2.5
32 United States: Kalamazoo, Mich., 2.5
32 United States: Omaha, N.E.-Iowa, 2.5
32 United States: Syracuse, N.Y., 2.5
39 United States: Atlanta, 2.6
39 United States: Augusta, 2.6
39 United States: Duluth, Minn.-Wisc., 2.6
39 United States: Fayetteville, Ark.-Mo., 2.6
39 United States: Lubbock, Texas, 2.6
39 United States: Pittsburgh, 2.6
39 Canada: Saguenay, Que., 2.6
39 United States: St. Louis, Mo.-Ill., 2.6
39 United States: Wichita, Kan., 2.6
48 United States: Columbus, Ohio., 2.7
48 United States: Dallas-Fort Worth, 2.7
48 United States: Des Moines, Iowa, 2.7
48 United States: Hickory, N.C., 2.7
48 United States: Holland, Mich., 2.7
48 United States: Kansas City, Mo,-Kansas, 2.7
48 United States: Little Rock, Ark. 2.7
48 United States: Memphis, 2.7
48 United States: Ogden, Utah , 2.7
48 United States: Port St. Lucie, Fla., 2.7
48 Canada: Saint John, N.B. 2.7
48 Canada: Trois-Rivieres, Que., 2.7
48 United States: Winston-Salem, N.C. 2.7
61 United States: Ann Arbor, 2.8
61 United States: Gainesville, Ga., 2.8
61 United States: Green Bay, Wisc. 2.8
61 United States: Harrisburg, Pa., 2.8
61 United States: Lincoln, N.E.. 2.8
61 United States: Oklahoma City, 2.8
61 United States: Palm Bay-Melbourne, Fla., 2.8
61 United States: Springfield, Mo., 2.8
61 Canada: St. John's, N.L., 2.8
70 United States: Anchorage, 2.9
70 United States: Brownsville, Fla., 2.9
70 United States: Houston, 2.9
70 United States: Jackson, Miss., 2.9
70 United States: Lafayette, La., 2.9
70 United States: Louisville, Ky.-Ind., 2.9
70 United States: Nashville, 2.9
70 United States: Scranton-Wilkes-Barre, Pa., 2.9
70 United States: Tulsa, Okla., 2.9
70 United States: York, Pa., 2.9
80 United States: Beaumont, Texas 3.0
80 United States: Chattanooga, Tenn.-Ga., 3.0
80 United States: Columbia, S.C., 3.0
80 United States: Kingsport, Tenn.Va., 3.0
80 United States: Reading, Pa., 3.0
80 United States: Savannah, Ga., 3.0
80 United States: Spartanburg, S.C., 3.0
80 Canada: Winnipeg, 3.0
(Source: Vancouver Province)
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