Memphis Ranked as 9th Most Affordable Housing Market

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In a recent special report, bizjournals.com, the publisher of the Memphis Business Journal and 40 other business journals across the country, ranked Memphis as the ninth most affordable housing market of the 50 largest U.S. metropolitan areas. Probably not surprising to many, but the good thing about the methodology of this report is that the rankings are based not only on housing costs, but on the total housing payment cost as a percentage of household income. The top 10 are (total housing payment as a percentage of household income in parentheses):

  1. Oklahoma City (19.04%)
  2. San Antonio (19.91%)
  3. Birmingham (20.29%)
  4. Indianapolis (20.72%)
  5. Pittsburgh (21.22%)
  6. Kansas City (22.26%)
  7. Buffalo (22.28%)
  8. Houston (22.33%)
  9. Memphis (22.43%)
  10. Rochester, N.Y. (22.44%)

Posted by Scott Sherrin at 6:03 pm

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