2013 Home Affordability Study Results

An Affordability Grade of C means someone making the median income can afford the median-priced home.

The Paycheck Power Rating is the percent the median income exceeds or falls short of the income required for a median-priced home.

Affordability Grade
Paycheck Power Rating
Cites 2012 2013 2012
2013
Atlanta A B+ 40.00% 24.92%
Baltimore C C 7.61% -8.36%
Boston D D- -11.62% -16.54%
Chicago C C- 2.60% -1.16%
Dallas C C 6.68% 0.83%
Denver C D+ 4.34% -4.59%
Detroit A B 45.32% 16.87%
Houston C C- 5.20% -1.90%
Los Angeles D- F -12.52% -30.31%
Miami D- F -12.59% -24.56%
Milwaukee D+ D -2.94% -8.22%
Minneapolis A- B 32.20% 23.86%
New York F F -29.71% -35.82%
Philadelphia C C- 2.89% -1.31%
Phoenix B+ C 23.53% 8.32%
Pittsburgh C+ C+ 13.64% 11.33%
Portland C- D -0.39% -8.41%
Sacramento B- D+ 15.68% -3.41%
St. Louis B+ B 23.49% 17.94%
San Antonio C- D -0.55% -4.88%
San Diego F F -25.90% -37.71%
San Francisco F F -32.76% -47.93%
Seattle C- D- -0.63% -13.36%
Tampa D+ D+ -3.03% -4.47%
Washington C+ C 14.38% 2.80%
Current Mortgage RatesSource: Interest.com

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