Median home price:
$105,000 Median income:
$68,100 Affordability score:
America's most affordable housing market is the 33rd largest metro area in the United States, with 1.7 million people.
The median family income is fairly high -- $68,100 -- and home prices are a very reasonable median $107,000, according to the National Association of Homebuilders and Wells Fargo Housing Opportunity Index.
Helping keep home prices depressed is a fairly virulent foreclosure plague: There were more than 16,000 properties with foreclosure filings during the first nine months of the year.
The turmoil in the auto industry, which Indianapolis had been closely associated with, has hurt the city. But increased diversification, which has made pharmaceutical companies, banks government agencies and insurers all important employers, has helped keep job losses in check. The unemployment rate was just 7.7% in September, according to the Bureau of Labor Statistics, well below the national rate of 9.8% that month.NEXT: 2nd place: Youngstown, Ohio