Metro Affordability Ratios 2Q 2010
Posted Thursday, August 19 2010
The National Association of Realtors released the 2Q 2010 median sales price numbers last week. Here are the updated home affordability ratios calculated with metro area income and rent data from the 2008 American Community Survey. Remember that the adjusted rent ratio comes from scaling median contract rent by household size.
2Q 2010 Home Affordability Ratios from Median Sales Price
| Metro | Price-to-Income | Price-to-Rent | Price-to-Rent (Adj) |
|---|---|---|---|
| Akron, Ohio | 2.39 | 17.59 | 14.75 |
Albany, New York  |
3.31 | 24.42 | 18.32 |
| Albuquerque, New Mexico |
3.77 | 23.83 | 20.98 |
| Allentown, Pennsylvania |
3.86 | 27.24 | 23.38 |
| Amarillo, Texas |
2.66 | 19.96 | 16.47 |
| Atlanta, Georgia |
2.02 | 13.76 | 12.75 |
| Atlantic City, New Jersey | 4.26 | 23.32 | 20.76 |
| Austin, Texas |
3.32 | 22.23 | 18.34 |
| Baltimore, Maryland | 3.81 | 25.17 | 21.99 |
| Barnstable Town, Massachusetts | 5.84 | 31.22 | 25.78 |
| Baton Rouge, Louisiana |
3.51 | 25.91 | 23.35 |
| Beaumont, Texas |
2.53 | 19.92 | 18.01 |
| Binghamton, New York |
2.45 | 18.43 | 14.45 |
| Birmingham, Alabama |
2.97 | 22.99 | 20.62 |
| Bismarck, North Dakota |
3.04 | 27.79 | 20.55 |
| Bloomington, Illinois |
2.77 | 24.81 | 19.83 |
| Boise City, Idaho |
2.7 | 17.27 | 16.18 |
| Boston, Massachusetts |
5.05 | 30.32 | 24.08 |
| Boulder, Colorado | 5.3 | 33.49 | 29.57 |
| Bridgeport, Connecticut | 4.96 | 35.7 | 31.59 |
| Buffalo, New York |
2.53 | 20.19 | 15.81 |
| Canton, Ohio |
2.51 | 19.4 | 16.76 |
| Cape Coral, Florida | 1.85 | 9.47 | 9.83 |
| Cedar Rapids, Iowa |
2.71 | 25.12 | 17.66 |
| Champaign, Illinois |
3.06 | 20.23 | 16.23 |
| Charleston, South Carolina |
3.78 | 24.2 | 23.21 |
| Charleston, West Virginia |
3.07 | 27.09 | 22.5 |
| Charlotte, North Carolina |
3.62 | 26.09 | 23.59 |
| Chattanooga, Tennessee |
2.77 | 20.22 | 17.42 |
| Chicago, Illinois |
3.32 | 22.0 | 18.93 |
| Cincinnati, Ohio |
2.43 | 19.51 | 16.49 |
| Cleveland, Ohio |
2.4 | 17.16 | 13.98 |
| Colorado Springs, Colorado |
3.34 | 22.84 | 20.64 |
| Columbia, Missouri |
3.15 | 20.91 | 18.5 |
| Columbus, Ohio |
2.75 | 21.0 | 17.98 |
| Corpus Christi, Texas |
2.95 | 18.66 | 17.26 |
| Cumberland, Maryland |
2.51 | 20.49 | 17.43 |
| Dallas, Texas |
2.39 | 16.73 | 14.33 |
| Davenport, Iowa |
2.32 | 18.77 | 15.9 |
| Dayton, Ohio |
2.33 | 17.54 | 15.48 |
| Decatur, Alabama |
2.04 | 19.9 | 18.95 |
| Deltona, Florida | 2.54 | 13.0 | 12.47 |
| Denver, Colorado |
3.89 | 25.47 | 22.78 |
| Des Moines, Iowa |
2.7 | 21.48 | 17.31 |
| Dover, Delaware |
3.5 | 22.2 | 19.29 |
| Durham, North Carolina | 3.56 | 23.36 | 20.01 |
| El Paso, Texas |
3.67 | 21.86 | 18.94 |
| Elmira, New York |
2.38 | 17.66 | 14.23 |
| Erie, Pennsylvania |
2.49 | 19.25 | 16.65 |
| Eugene, Oregon |
4.65 | 25.19 | 22.05 |
| Fargo, North Dakota |
3.04 | 22.78 | 15.62 |
| Farmington, New Mexico | 3.71 | 28.12 | 25.86 |
| Florence, South Carolina |
3.04 | 23.85 | 24.8 |
| Fort Wayne, Indiana |
2.13 | 17.57 | 14.61 |
| Gainesville, Florida |
4.08 | 20.15 | 16.6 |
| Glens Falls, New York |
3.07 | 20.39 | 17.6 |
| Grand Rapids, Michigan |
1.86 | 13.16 | 10.93 |
| Green Bay, Wisconsin |
2.55 | 20.84 | 17.0 |
| Greensboro, North Carolina |
2.97 | 21.1 | 20.26 |
| Greenville, South Carolina |
3.32 | 24.44 | 21.42 |
| Gulfport, Mississippi | 2.86 | 15.75 | 15.31 |
| Hagerstown, Maryland | 2.97 | 20.07 | 18.28 |
| Hartford, Connecticut |
3.51 | 25.34 | 20.8 |
| Honolulu, Hawaii |
8.76 | 42.22 | 38.7 |
| Houston, Texas |
2.77 | 20.11 | 17.27 |
| Indianapolis, Indiana |
2.42 | 18.16 | 15.47 |
| Jackson, Mississippi |
2.99 | 20.67 | 19.81 |
| Jacksonville, Florida |
2.55 | 15.63 | 14.05 |
| Kankakee, Illinois | 2.5 | 17.69 | 14.79 |
| Kansas City, Missouri |
2.67 | 21.02 | 17.09 |
| Kennewick, Washington | 3.36 | 23.8 | 21.87 |
| Kingston, New York | 3.8 | 22.1 | 19.01 |
| Knoxville, Tennessee |
3.16 | 22.78 | 18.83 |
| Lansing, Michigan |
1.86 | 12.73 | 10.69 |
| Las Vegas, Nevada |
2.51 | 13.19 | 12.9 |
| Lexington, Kentucky |
2.84 | 21.46 | 18.67 |
| Lincoln, Nebraska |
2.55 | 20.52 | 15.97 |
| Little Rock, Arkansas |
2.93 | 20.65 | 18.91 |
| Los Angeles, California |
5.64 | 26.35 | 24.04 |
| Louisville, Kentucky |
2.8 | 21.57 | 18.78 |
| Madison, Wisconsin |
3.5 | 24.99 | 20.32 |
| Memphis, Tennessee |
2.76 | 18.12 | 17.37 |
| Miami, Florida |
4.34 | 18.77 | 18.28 |
| Milwaukee, Wisconsin |
3.68 | 26.11 | 21.51 |
| Minneapolis, Minnesota |
2.68 | 19.27 | 15.14 |
| Mobile, Alabama |
3.15 | 21.33 | 19.16 |
| Montgomery, Alabama |
2.78 | 20.31 | 19.84 |
| New Haven, Connecticut | 3.86 | 23.96 | 19.72 |
| New Orleans, Louisiana |
3.4 | 17.87 | 16.84 |
| New York, New York |
6.08 | 33.84 | 28.81 |
| Norwich, Connecticut | 3.26 | 22.38 | 18.75 |
| Ocala, Florida |
2.39 | 11.53 | 13.14 |
| Oklahoma City, Oklahoma |
3.14 | 24.02 | 21.91 |
| Omaha, Nebraska |
2.52 | 19.54 | 15.31 |
| Orlando, Florida |
2.78 | 13.96 | 13.45 |
| Palm Bay, Florida | 2.37 | 12.65 | 12.33 |
| Pensacola, Florida |
3.09 | 18.29 | 18.01 |
| Peoria, Illinois |
2.35 | 20.31 | 16.39 |
| Philadelphia, Pennsylvania |
3.67 | 24.47 | 19.45 |
| Phoenix, Arizona |
2.59 | 15.02 | 15.33 |
| Pittsburgh, Pennsylvania |
2.65 | 21.1 | 16.88 |
| Pittsfield, Massachusetts |
4.29 | 27.16 | 20.84 |
| Portland, Oregon |
4.06 | 27.19 | 22.58 |
| Providence, Rhode Island |
4.02 | 26.52 | 20.87 |
| Raleigh, North Carolina |
3.62 | 27.37 | 24.48 |
| Reading, Pennsylvania |
2.85 | 22.09 | 18.65 |
| Reno, Nevada |
3.13 | 18.99 | 18.63 |
| Riverside, California | 3.37 | 16.19 | 15.7 |
| Rochester, New York |
2.32 | 16.42 | 13.31 |
| Rockford, Illinois |
2.19 | 16.76 | 14.15 |
| Sacramento, California |
3.15 | 17.8 | 17.15 |
| Saginaw, Michigan |
1.44 | 9.79 | 9.1 |
| Salem, Oregon | 3.65 | 24.64 | 24.01 |
| Salt Lake City, Utah |
3.45 | 23.86 | 20.74 |
| San Antonio, Texas |
3.1 | 20.02 | 17.5 |
| San Diego, California |
6.23 | 28.9 | 27.28 |
| San Francisco, California |
7.69 | 40.89 | 34.88 |
| San Jose, California | 7.15 | 39.36 | 36.64 |
| Seattle, Washington |
4.62 | 29.4 | 24.96 |
| Shreveport, Louisiana |
3.94 | 24.24 | 22.65 |
| Sioux Falls, South Dakota |
2.49 | 19.87 | 15.97 |
| South Bend, Indiana |
2.19 | 14.02 | 12.11 |
| Spartanburg, South Carolina | 2.68 | 20.8 | 19.84 |
| Spokane, Washington |
3.54 | 24.05 | 20.76 |
| Springfield, Illinois |
2.31 | 19.92 | 16.15 |
| Springfield, Massachusetts |
3.67 | 24.44 | 20.14 |
| Springfield, Missouri |
2.48 | 18.92 | 16.66 |
| St Louis, Missouri |
2.69 | 21.07 | 17.88 |
| Syracuse, New York |
2.56 | 18.45 | 14.28 |
| Tallahassee, Florida |
3.23 | 18.16 | 16.75 |
| Tampa, Florida |
3.05 | 15.5 | 14.63 |
| Toledo, Ohio |
2.04 | 15.33 | 13.5 |
| Topeka, Kansas |
2.22 | 18.91 | 16.55 |
| Trenton, New Jersey | 3.51 | 24.55 | 21.21 |
| Tucson, Arizona |
3.22 | 19.87 | 18.61 |
| Virginia Beach, Virginia | 3.68 | 22.32 | 20.88 |
| Washington, District of Columbia |
3.86 | 24.09 | 20.63 |
| Waterloo, Iowa |
2.39 | 19.03 | 16.46 |
| Wichita, Kansas |
2.46 | 21.81 | 17.32 |
| Worcester, Massachusetts | 3.51 | 26.64 | 20.51 |
| Yakima, Washington |
3.41 | 25.0 | 23.44 |
| Youngstown, Ohio |
1.85 | 13.94 | 11.22 |
| US |
3.52 | 21.46 | 19.39 |
