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Top 5: Most affordable
City Median
household
income
Median
home
price
% of
affordable
homes
Indianapolis IN $65,100 $122,000 85.9%
Youngstown, OH $52,100 $86,000 85.5%
Detroit, MI $56,700 $95,000 85.5%
Buffalo, NY $53,300 $95,000 82.9%
Grand Rapids, MI $61,500 $128,000 81.6%
Source: Wells Fargo and National Association of Home Builders
America's most affordable major housing market
Indianapolis, IN
Key stat: Fully 85.9 percent of houses here are affordable to those earning the city's median income

This index from Wells Fargo Bank and the National Association of Home Builders compares housing prices with income to judge affordability.

Not only are houses inexpensive in Indianapolis, but wages and salaries are fairly high, an unbeatable combination. In no big city could more residents earning the median household income afford a greater percentage of all houses bought and sold during the three months ended September 30.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.