Top 10 Most Affordable Housing Markets

June 22, 2017

New York State has a lot to offer home buyers, with Rochester and Buffalo ranking as the U.S. metros with the lowest home prices. The median value of an owner-occupied home is $138,900 in Rochester and $135,200 in Buffalo.

The U.S. Census recently ranked 53 cities with populations of more than 1 million on housing affordability. Markets are ranked by their ratios of median home value to median household income. The top 10 most affordable housing markets are:

1. Rochester, N.Y.

  • Median home value: $138,900
  • Median household income: $53,667

2. Buffalo-Cheektowaga-Niagara Falls, N.Y.

  • Median home value: $135,200
  • Median household income: $51,772

3. Pittsburgh

  • Median home value: $143,200
  • Median household income: $54,080

4. Kansas City, Mo.-Kan.

  • Median home value: $164,700
  • Median household income: $60,502

5. Indianapolis-Carmel-Anderson, Ind.

  • Median home value: $148,000
  • Median household income: $54,322

6. Grand Rapids-Wyoming, Mich.

  • Median home value: $151,300
  • Median household income: $55,459

7. Houston-The Woodlands-Sugar Land, Texas

  • Median home value: $168,300
  • Median household income: $61,465

8. San Antonio-New Braunfels, Texas

  • Median home value: $151,400
  • Median household income: $55,083

9. Dallas-Fort Worth-Arlington, Texas

  • Median home value: $172,500
  • Median household income: $61,644

10. Oklahoma City

  • Median home value: $146,100
  • Median household income: $52,221

Source: “Rochester, Buffalo Sweep Top Honors in U.S. Measure of Home Affordability,” Buffalo Business First (June 19, 2017)