10 major US cities where it is easiest to buy a house
Mortgage rates are at an all-time low, but that doesn't mean buying a home in the US is cheap right now. Low mortgage rates and a shortage of housing stock pushed up housing prices. Writes about it Grow.
According to the National Association of Home Builders, the median home price in the United States jumped to a record $ 300 in the second quarter of this year, up from $ 000 in the first quarter. Higher house prices and lower incomes due to the pandemic mean that only about 280% of homes sold in the second quarter were considered affordable for families earning a median income of $ 000.
But the real estate market is not so scary for buyers everywhere. If you're looking to buy a home and can move, you might want to consider one of the following cities. According to the Housing Opportunity Index, these are large urban areas - with a population of at least 500 people - where housing is most affordable.
1. Scranton (Pennsylvania)
- Share of homes available to middle-income people: 89%
- Average income: $ 66 600.
- Average selling price: $ 120
2. Harrisburg (Pennsylvania)
- Share of homes available to middle-income people: 88%
- Average income: $ 79 000
- Median home sales price: $ 170
3. Pittsburgh (Pennsylvania)
- Share of homes available to middle-income people: 87%
- Average income: $ 77 100
- Average Selling Price: $ 155
4. St. Louis (Missouri)
- Share of homes available to middle-income people: 87%
- Median income: $ 77000
- Average Selling Price: $ 165
On the subject: The best and worst US cities to buy your first home
5. Wilmington (Delaware)
- Share of homes available to middle-income people: 87%
- Average income: $ 84 200
- Average Selling Price: $ 228
6. Indianapolis (Indiana)
- Share of homes available to middle-income people: 86%
- Average income: $ 76 200
- Average Selling Price: $ 195
7. Toledo (Ohio)
- Share of homes available to middle-income people: 86%
- Average income: $ 66 800
- Average Selling Price: $ 141
8. Albany (New York)
- Share of homes available to middle-income people: 85%
- Average income: $ 92 200
- Average Selling Price: $ 220
9. Syracuse (New York)
- Share of homes available to middle-income people: 84%
- Average income: $ 70 400
- Average Selling Price: $ 145
10. Cincinnati (Ohio)
- Share of homes available to middle-income people: 84%
- Average income: $ 80 200
- Average Selling Price: $ 185
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