Our City Online

Metro

Columbus ranking for home affordability improves

Walker Evans Walker Evans
Decrease Font Size Increase Font Size Text Size Print This Page

Business First of Columbus wrote Columbus ranking for home affordability improves

Tuesday, May 27, 2008

Boosted by an increase in household income and a decline in home prices, the Columbus area in the first quarter improved its standing as one of the 50 most-affordable housing markets in the nation, according to a quarterly index.

Columbus ranked 38th nationwide and 26th in the Midwest for affordability, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The report said 81.5 percent of new and existing homes sold in the market during the quarter were affordable to families earning the area’s median household income of $65,300. The median sales price was $125,000.

READ MORE

Related Stories:

Housing + Transportation Affordability Index

Columbus is 9th most affordable place to live

Columbus housing price slide comparatively mild

Housing market is prime for first-time buyers

Columbus is the 3rd most stable housing market

Columbus Ranks 6th as Least Riskiest for Real Estate

Print Friendly, PDF & Email

Tags:

metro categories

The Urban Living Tour returns (with strict safety guidelines) on Aug 30!

CLICK HERE FOR TICKETS