The affordable places are terrible places.
But, actually, the unaffordable places are also terrible places.
Cities are just a bad idea at this point.
Or, divide that median price by 5 to get the 20% down you would want for a 15 or 30 year fixed.
Do keep in mind that politicos are copying the Aussie practice: enact laws that spike ownership and then buy properties (perhaps burned out by AntifaBLM rioters?) and rent them out.
That’s insane. How does someone making $76k get a loan for $953k? And pay taxes?
Once again I’m reminded why I live in rural fly over country.
Enjoy, east and west coast liberal home-buyers.
I don’t believe that the median income in New York is only $74,694. I think it is closer to 150,000.
Most of Alabama is around 2.0.
The worst are Montgomery - 1.6 and Birmingham - 3.3, with the suburbs at 4.6. In Mobile, the home price to income ratio is 3.1, and Huntsville is 3.0.