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Most affordable: Indianapolis
Most affordable: Indianapolis
This Indianapolis home sells for $99,000.
Median home price: $109,000
Median income: $68,700
Affordability score: 93.3%

Last quarter Syracuse, N.Y., edged Indianapolis out of its long reign as the most affordable city to buy a house. But the industrial Midwest is back and seems to be undergoing a bit of revival.

For anyone employed there, making even a halfway decent salary, the path to homeownership should be wide open. A median-priced home at today's interest rates should cost only about $430 a month after paying 20% down. How much more affordable can it get?

And there are a lot of nice properties available. This house has three bedrooms, two baths and more than 2,000 square feet of space. It's in move-in condition and located in a good, suburban-type neighborhood close to transportation.

For further information: Trulia



NEXT: Runner-up: Youngstown, Ohio
Last updated November 19 2010: 1:44 PM ET
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Overnight Avg Rate Latest Change Last Week
30 yr fixed4.09%4.17%
15 yr fixed3.15%3.19%
5/1 ARM3.18%3.30%
30 yr refi4.10%4.19%
15 yr refi3.18%3.21%
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