2014 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 2014 2012 2013
2014
Atlanta A B+ B 40.00% 24.92% 21.62%
Baltimore C C C+ 7.61% -8.36% 10.68%
Boston D D- D- -11.62% -16.54% -15.10%
Chicago C C- C- 2.60% -1.16% -0.74%
Dallas C C C 6.68% 0.83% 1.16%
Denver C D+ D+ 4.34% -4.59% -5.59%
Detroit A B C+ 45.32% 16.87% 14.02%
Houston C C- C- 5.20% -1.90% -1.42%
Los Angeles D- F F -12.52% -30.31% -31.70%
Miami D- F F -12.59% -24.56% -25.88%
Milwaukee D+ D D -2.94% -8.22% -6.77%
Minneapolis A- B B 32.20% 23.86% 23.22%
New York F F F -29.71% -35.82% -31.99%
Philadelphia C C- C 2.89% -1.31% 1.15%
Phoenix B+ C C 23.53% 8.32% 7.53%
Pittsburgh C+ C+ C+ 13.64% 11.33% 13.49%
Portland C- D D+ -0.39% -8.41% -5.06%
Sacramento B- D+ D 15.68% -3.41% -7.50%
St. Louis B+ B B 23.49% 17.94% 20.46%
San Antonio C- D D+ -0.55% -4.88% -4.30%
San Diego F F F -25.90% -37.71% -38.23%
San Francisco F F F -32.76% -47.93% -45.64%
Seattle C- D- D -0.63% -13.36% -9.03%
Tampa D+ D+ D+ -3.03% -4.47% -2.66%
Washington C+ C C 14.38% 2.80% 7.19%
Current Mortgage RatesSource: Interest.com