Indy: Most Affordable Market

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Indy: Most Affordable Market

Indianapolis has been named Most Affordable Housing Market by CNNMoney.

Indianapolis tops the list as America’s Most Affordable City to buy a house according to CNNMoney. “Indianapolis again was the most affordable major housing market in the country … a position the Indy metro area has held for four and a half years,” states the study.

America’s most affordable housing market is Indianapolis, the 33rd largest metro area in the United States with 1.7 million people.

Median home price: $106,000
Median income: $68,100
Affordability score: 95.7%

Indianapolis has received the top honors for housing affordability of any major housing market.

The median family income is fairly high — $68,100 — and median home prices are a very reasonable $106,000, according to the National Association of Homebuilders and Wells Fargo Housing Opportunity Index.

Indianapolis has an overall affordability score of 95.7%, median family income of $68,100 and median home prices are a very reasonable $106,000.

Suburbs of Indianapolis continue to be affordable as well. In December of 2013 Greenwood, Indiana was named one of the top 5 most affordable suburbs in America. Fishers and Carmel were also on the list of most affordable American suburbs.

Indianapolis Tops List as Most Affordable City to Buy a House – CNNMoney.com published their quarterly ‘Affordable Cities’ report recently and listed Indianapolis as the Most Affordable! CNNMoney.com notes that the average American family can easily afford to purchase a median-priced home in Indianapolis.
Source: CNNMoney.com

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