According to realtor.com, 81% of US cities have been more affordable in 2019 than they were in 2018. Affordability is particularly rising in mid-sized cities in the South and Midwest where economies and job markets are strong and where there are large supplies of median priced homes ($312,000).

George Ratiu, realtor.com’s chief economist, said, “Mortgage rates are much lower than they were and incomes have actually gown this year. For most Americans, these two things combined have led to an improvement in affordability for home buyers.”

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Ten Cities with Most Affordability Gains in 2019

  1. Allentown PA
    1. Median list price – $224,950
    2. Percentage of homes available for median incomes – 59%
    3. Annual change in affordability – +0.14
  2. Des Moines IO
    1. Median list price – $321,100
    2. Percentage of homes available for median incomes – $56%
    3. Annual change in affordability – 0.15
  3. Atlanta GA
    1. Median list price – $321,100
    2. Percentage of homes available for median incomes – 41%
    3. Annual change in affordability – 0.12
  4. Minneapolis MN
    1. Median list price – $339.950
    2. Percentage of homes available for median incomes – 46%
    3. Annual change in affordability – 0.11
  5. San Francisco – it’s all relative
    1. Median list price – $940,000
    2. Percentage of homes available for median incomes – 18%
    3. Annual change in affordability – 0.11
  6. Omaha NB
    1. Median list price – $279,300
    2. Percentage of homes available for median incomes – 41%
    3. Annual change in affordability – 0.10
  7. Charlotte NC
    1. Median list price – $335,300
    2. Percentage of homes available for median incomes – 32%
    3. Annual change in affordability – 0.10
  8. Jacksonville MS
    1. Median list price – $251,550
    2. Percentage of homes available for median incomes – 42%
    3. Annual change in affordability – 0.09
  9. Spokane WA
    1. Median list price – $349,750
    2. Percentage of homes available for median incomes – 23%
    3. Annual change in affordability – 0.09
  10. Las Vegas NV
    1. Median list price – $320,000
    2. Percentage of homes available for median incomes – 25%
    3. Annual change in affordability – 0.09

Also read: Cities Where Renters Can Actually Save To Buy, 39% of Home Sold At or Above Listing Price in 2019, Trouble Brewing in These Markets?

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