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.
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