The 5 most affordable metros in America — where you get more bang for your buck

Home affordability is top of mind for most Americans — but, even with mortgage rates trending higher, there are still cities where it’s possible to own a home without stretching your income too far.

In evaluating the biggest metros in the country, Realtor.com® found that there were five cities where less than 30% of households could afford a home. Los AngelesOxnardSan Diego, and San Jose in California and New York City were the least affordable in the country.

But, in five cities—PittsburghAkron, OHBaltimore, Detroit, and St. Louis—nearly 60% of households can afford a home. And the income required to buy a home there is less than $84,000 annually.

In Akron, for instance, where the median list price is $228,200, 68.5% of households can afford to buy a home. The median household income required to buy a house is just $55,732.

Akron also ranked No. 9 on the Realtor.com Hottest Housing Markets list in October.

Akron was named one of the most affordable metro areas in the country by Realtor. Christopher Boswell – stock.adobe.com

“It’s affordable in Akron, which makes a really big difference,” says real estate agent Ali Whitley, of Re/Max Crossroads in Akron. “Gen Z are becoming first-time homebuyers here. It’s a great place to buy in a great area for a reasonable price.”

Affordability is the name of the game in the five money-saving metros below.

Pittsburgh, PA

  • Median list price: $244,000
  • Percentage of households who can afford to buy a median-priced home: 69.6%
  • Median household income required to buy a median-priced home: $58,697
Nearly 70% of households in Pittsburgh can afford a median-priced home. Vadim – stock.adobe.com

Akron, OH

  • Median list price: $228,200
  • Percentage of households who can afford to buy a median-priced home: 68.5%
  • Median household income required to buy a median-priced home: $55,732

Baltimore, MD

  • Median list price: $369,995
  • Percentage of households who can afford to buy a median-priced home: 64.1%
  • Median household income required to buy a median-priced home: $83,948
A household would need to make $64,888 to afford a median-priced home in Detroit. LightRocket via Getty Images

Detroit, MI

  • Median list price: $271,200
  • Percentage of households who can afford to buy a median-priced home: 62.6%
  • Median household income required to buy a median-priced home: $64,888

St. Louis, MO

  • Median list price: $299,450
  • Percentage of households who can afford to buy a median-priced home: 62.4%
  • Median household income required to buy a median-priced home: $72,101

Related Posts


This will close in 0 seconds