{"id":22504,"date":"2025-12-08T13:26:54","date_gmt":"2025-12-08T13:26:54","guid":{"rendered":"https:\/\/budgetadirect.com\/?p=22504"},"modified":"2025-12-08T13:26:58","modified_gmt":"2025-12-08T13:26:58","slug":"best-and-worst-markets-for-homebuyers-ranked","status":"publish","type":"post","link":"https:\/\/budgetadirect.com\/?p=22504","title":{"rendered":"Best And Worst Markets For Homebuyers, Ranked"},"content":{"rendered":"
\n

If you dream of owning a home, you\u2019ll have a much easier time achieving it in certain parts of the U.S.<\/p>\n

A new Bankrate analysis finds that Pittsburgh, Detroit and Birmingham, Alabama offer the largest selection of homes that the typical homebuyer can afford.<\/p>\n

Affordability is much rarer in coastal metros. In places like New York, Boston, Seattle and Los Angeles, you\u2019ll need well over a six-figure salary \u2013 in the $200,000 to $350,000 range \u2013 to avoid being priced out.\u00a0<\/p>\n

To determine the best and worst markets for homebuyers, we ranked large U.S. metros by two factors: First, we looked at the share of homes for sale that a typical household couldn\u2019t afford, and second, we calculated the income needed to buy a median-priced home in each market. <\/p>\n

Overall, Bankrate\u2019s analysis of housing and income statistics found that homeownership has become a luxury in many of America\u2019s largest cities. It showed that metro areas in the South and in the Rust Belt had much more to offer the typical homebuyer than other parts of the country.<\/p>\n

Dive into Bankrate\u2019s housing affordability data<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Metro<\/td>\nShare of Affordable Homes<\/td>\n2025 Median Household Income<\/td>\nIncome to Afford Median-Priced Home<\/td>\nMaximum Target Price*<\/td>\n<\/tr>\n
Miami, FL<\/td>\n0.4%<\/td>\n$74,274<\/td>\n$174,162<\/td>\n$72,000<\/td>\n<\/tr>\n
Los Angeles, CA<\/td>\n0.5%<\/td>\n$91,380<\/td>\n$227,315<\/td>\n$276,000<\/td>\n<\/tr>\n
San Diego, CA<\/td>\n1.6%<\/td>\n$103,066<\/td>\n$221,930<\/td>\n$347,000<\/td>\n<\/tr>\n
New Orleans, LA<\/td>\n2.7%<\/td>\n$61,991<\/td>\n$101,557<\/td>\n$92,000<\/td>\n<\/tr>\n
Boston, MA<\/td>\n4.8%<\/td>\n$109,295<\/td>\n$198,561<\/td>\n$349,000<\/td>\n<\/tr>\n
New York, NY<\/td>\n4.9%<\/td>\n$94,960<\/td>\n$212,479<\/td>\n$248,000<\/td>\n<\/tr>\n
Riverside-San Bernardino, CA<\/td>\n6.9%<\/td>\n$86,146<\/td>\n$144,771<\/td>\n$301,000<\/td>\n<\/tr>\n
San Francisco, CA<\/td>\n7.3%<\/td>\n$133,542<\/td>\n$353,517<\/td>\n$448,000<\/td>\n<\/tr>\n
Seattle, WA<\/td>\n8.3%<\/td>\n$113,456<\/td>\n$206,007<\/td>\n$399,000<\/td>\n<\/tr>\n
Lincoln, NE<\/td>\n9.6%<\/td>\n$72,157<\/td>\n$92,968<\/td>\n$201,000<\/td>\n<\/tr>\n
Portland, OR-WA<\/td>\n9.8%<\/td>\n$94,748<\/td>\n$141,181<\/td>\n$345,000<\/td>\n<\/tr>\n
Tampa, FL<\/td>\n11.0%<\/td>\n$73,079<\/td>\n$107,084<\/td>\n$213,000<\/td>\n<\/tr>\n
Orlando, FL<\/td>\n11.1%<\/td>\n$74,895<\/td>\n$112,273<\/td>\n$234,000<\/td>\n<\/tr>\n
Dallas, TX<\/td>\n12.0%<\/td>\n$88,783<\/td>\n$122,114<\/td>\n$263,000<\/td>\n<\/tr>\n
Las Vegas, NV<\/td>\n14.0%<\/td>\n$72,504<\/td>\n$106,117<\/td>\n$286,000<\/td>\n<\/tr>\n
Houston, TX<\/td>\n15.3%<\/td>\n$78,845<\/td>\n$100,856<\/td>\n$236,000<\/td>\n<\/tr>\n
Phoenix, AZ<\/td>\n16.3%<\/td>\n$87,718<\/td>\n$109,960<\/td>\n$347,000<\/td>\n<\/tr>\n
Salt Lake City, UT<\/td>\n16.4%<\/td>\n$99,172<\/td>\n$129,915<\/td>\n$403,000<\/td>\n<\/tr>\n
Denver, CO<\/td>\n16.6%<\/td>\n$106,833<\/td>\n$148,054<\/td>\n$385,000<\/td>\n<\/tr>\n
San Antonio, TX<\/td>\n22.2%<\/td>\n$73,281<\/td>\n$88,001<\/td>\n$241,000<\/td>\n<\/tr>\n
Oklahoma City, OK<\/td>\n22.6%<\/td>\n$71,503<\/td>\n$84,537<\/td>\n$218,000<\/td>\n<\/tr>\n
Charlotte, NC<\/td>\n23.9%<\/td>\n$81,514<\/td>\n$102,905<\/td>\n$321,000<\/td>\n<\/tr>\n
Chicago, IL<\/td>\n26.1%<\/td>\n$86,627<\/td>\n$110,461<\/td>\n$262,000<\/td>\n<\/tr>\n
Philadelphia, PA<\/td>\n29.8%<\/td>\n$88,483<\/td>\n$90,235<\/td>\n$293,000<\/td>\n<\/tr>\n
Washington DC<\/td>\n30.7%<\/td>\n$123,209<\/td>\n$151,845<\/td>\n$459,000<\/td>\n<\/tr>\n
Minneapolis, MN<\/td>\n31.1%<\/td>\n$96,855<\/td>\n$108,780<\/td>\n$340,000<\/td>\n<\/tr>\n
Atlanta, GA<\/td>\n31.4%<\/td>\n$87,947<\/td>\n$102,156<\/td>\n$334,000<\/td>\n<\/tr>\n
Louisville, KY<\/td>\n36.8%<\/td>\n$72,566<\/td>\n$78,472<\/td>\n$263,000<\/td>\n<\/tr>\n
Cincinnati, OH<\/td>\n40.3%<\/td>\n$80,109<\/td>\n$84,447<\/td>\n$296,000<\/td>\n<\/tr>\n
Birmingham, AL<\/td>\n41.4%<\/td>\n$71,644<\/td>\n$80,845<\/td>\n$272,000<\/td>\n<\/tr>\n
Detroit, MI<\/td>\n42.1%<\/td>\n$72,493<\/td>\n$66,693<\/td>\n$246,000<\/td>\n<\/tr>\n
Baltimore, MD<\/td>\n43.4%<\/td>\n$95,068<\/td>\n$104,807<\/td>\n$368,000<\/td>\n<\/tr>\n
St. Louis, MO<\/td>\n49.7%<\/td>\n$79,869<\/td>\n$80,244<\/td>\n$295,000<\/td>\n<\/tr>\n
Pittsburgh, PA<\/td>\n54.6%<\/td>\n$72,935<\/td>\n$70,120<\/td>\n$275,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Note: Ordered from worst to best markets.
*Source: Bankrate analysis of Realtor.com data. Target Price refers to the maximum advisable home purchase price for a household earning the median income in that market.<\/p>\n

\n
\n
\n Did you find this page helpful?<\/p>\n
\n
\n

\n Why we ask for feedback<\/strong>
\n Your feedback helps us improve our content and services. It takes less than a minute to
\n complete.\n <\/p>\n

Your responses are anonymous and will only be used for improving our website.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Help us improve our content<\/p>\n

\n