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Local Affordability Stats

BURNS AFFORDABILITY INDEX™
Updated Through December 2014

The Burns Affordability Index™ calculates the ratio between housing costs for the median-priced existing home and income levels. Then, we analyze 28+ years of history in each metropolitan area, and compare the current ratios to the median ratios in each area. The down payment and mortgage payments are appropriately weighted based on total expenditures over the life of a typical home purchase. This methodology accurately determines which markets are overpriced and underpriced, even in an environment with historically low mortgage rates.

The Index ranges from 0 to 10, and is generally categorized as follows:

  • Areas of Significant Affordability Concern: 7.6 to 10.0
  • Areas of Affordability Concern: 5.0 to 7.5
  • Areas of Less Affordability Concern: 0.0 to 4.9

Markets listed are MSAs unless noted with (D), which indicates a Metropolitan Division (a subset of an MSA/CBSA)

Down Payment & Income Info
Mortgage Payment & Income
BURNS
Information
Affordability
Med.
Down
Median
D.Pymt
Ann.Mtg.
Mtg.
Hsng
Metro Area*
Index
Price
Pymt
Income
/Inc.
Pymnt.
Pym/Inc
Cost/Inc
 
Significantly Overpriced in Comparison to History (7.6 to 10.0)
 
 
Overpriced in Comparison to History (5.0 to 7.5)
1
 Orange County, CA (D)
6.4
$652,500
$130,500
$74,218
176%
$29,797
40%
65%
2
 San Francisco, CA (D)
6.1
$950,000
$190,000
$83,016
229%
$43,383
52%
85%
3
 Ventura, CA
5.8
$530,000
$106,000
$72,512
146%
$24,203
33%
54%
4
 Los Angeles, CA (D)
5.8
$475,000
$95,000
$56,349
169%
$21,691
38%
63%
5
 Denver, CO
5.7
$295,000
$59,000
$63,041
94%
$13,471
21%
35%
6
 Bremerton, WA
5.7
$268,000
$53,600
$56,695
95%
$12,238
22%
35%
7
 Bend, OR
5.7
$226,379
$45,276
$48,399
94%
$10,338
21%
35%
8
 Santa Cruz, CA
5.6
$640,000
$128,000
$65,001
197%
$29,226
45%
73%
9
 Portland, OR
5.6
$274,950
$54,990
$59,459
92%
$12,556
21%
34%
10
 Napa, CA
5.5
$500,000
$100,000
$68,573
146%
$22,833
33%
54%
11
 Santa Rosa, CA
5.4
$466,000
$93,200
$61,352
152%
$21,280
35%
56%
12
 East Bay Area, CA (D)
5.3
$540,000
$108,000
$76,700
141%
$24,660
32%
52%
13
 West Palm Beach, FL (D)
5.3
$267,000
$53,400
$52,987
101%
$12,193
23%
37%
14
 Salem, OR
5.3
$185,000
$37,000
$46,465
80%
$8,448
18%
30%
15
 San Jose, CA
5.2
$784,500
$156,900
$104,718
150%
$35,825
34%
56%
16
 Boulder, CO
5.2
$365,000
$73,000
$66,190
110%
$16,668
25%
41%
17
 Riverside-San Bernardino, CA
5.2
$270,000
$54,000
$54,876
98%
$12,330
22%
37%
18
 Reno, NV
5.2
$250,500
$50,100
$51,815
97%
$11,439
22%
36%
19
 Austin, TX
5.2
$240,100
$48,020
$60,833
79%
$10,964
18%
29%
20
 Redding, CA
5.2
$212,000
$42,400
$41,977
101%
$9,681
23%
37%
21
 Sarasota, FL
5.2
$196,800
$39,360
$46,660
84%
$8,987
19%
31%
22
 San Diego, CA
5.1
$475,000
$95,000
$66,005
144%
$21,691
33%
53%
23
 Wash. Dc (Bethesda, MD
5.1
$425,000
$85,000
$92,575
92%
$19,408
21%
34%
24
 Seattle, WA (D)
5.1
$389,950
$77,990
$72,371
108%
$17,807
25%
40%
25
 Sacramento, CA
5.1
$299,000
$59,800
$60,398
99%
$13,654
23%
37%
26
 Salt Lake City, UT
5.1
$249,756
$49,951
$63,243
79%
$11,405
18%
29%
27
 Miami, FL (D)
5.1
$229,000
$45,800
$44,473
103%
$10,458
24%
38%
28
 Merced, CA
5.1
$188,000
$37,600
$40,703
92%
$8,585
21%
34%
29
 Corpus Christi, TX
5.1
$168,000
$33,600
$46,089
73%
$7,672
17%
27%
30
 Sherman, TX
5.1
$124,700
$24,940
$46,421
54%
$5,695
12%
20%
31
 Honolulu, HI
5.0
$700,174
$140,035
$74,337
188%
$31,974
43%
70%
32
 San Luis Obispo, CA
5.0
$437,750
$87,550
$57,264
153%
$19,990
35%
57%
33
 Wash. Dc (Wash., DC
5.0
$379,528
$75,906
$89,320
85%
$17,332
19%
32%
34
 Naples, FL
5.0
$314,000
$62,800
$58,801
107%
$14,339
24%
40%
35
 Stockton, CA
5.0
$250,000
$50,000
$50,087
100%
$11,416
23%
37%
36
 Olympia, WA
5.0
$229,950
$45,990
$60,176
76%
$10,501
17%
28%
37
 Fresno, CA
5.0
$195,750
$39,150
$44,288
88%
$8,939
20%
33%
38
 Greenville, SC
5.0
$154,301
$30,860
$46,291
67%
$7,046
15%
25%
 
0.0
$0,000
$0,000
$0,000
0%
$0,000
0%
0%
Underpriced in Comparison to History (4.9 or less)
39
 Fort Collins, CO
4.9
$259,000
$51,800
$58,209
89%
$11,827
20%
33%
40
 San Antonio, TX
4.8
$174,900
$34,980
$50,889
69%
$7,987
16%
26%
41
 Bloomington, IN
4.8
$153,118
$30,624
$39,542
77%
$6,992
18%
29%
42
 Monterey, CA
4.7
$412,500
$82,500
$57,856
143%
$18,837
33%
53%
43
 Hilton Head-Beaufort, SC
4.7
$384,000
$76,800
$85,939
89%
$17,536
20%
33%
44
 Nassau, NY (D)
4.6
$413,036
$82,607
$93,250
89%
$18,862
20%
33%
45
 Fort Lauderdale, FL (D)
4.6
$230,000
$46,000
$51,386
90%
$10,503
20%
33%
46
 Hanford, CA
4.6
$162,000
$32,400
$45,133
72%
$7,398
16%
27%
47
 Greeley, CO
4.5
$221,500
$44,300
$57,217
77%
$10,115
18%
29%
48
 Modesto, CA
4.5
$215,000
$43,000
$49,138
88%
$9,818
20%
32%
49
 Spokane, WA
4.5
$168,900
$33,780
$46,441
73%
$7,713
17%
27%
50
 Philadelphia, PA (D)
4.4
$232,703
$46,541
$61,528
76%
$10,627
17%
28%
51
 Jackson, MS
4.4
$154,908
$30,982
$44,479
70%
$7,074
16%
26%
52
 Tacoma, WA (D)
4.3
$223,500
$44,700
$55,899
80%
$10,206
18%
30%
53
 Asheville, NC
4.3
$197,766
$39,553
$44,023
90%
$9,031
21%
33%
54
 Houston, TX
4.3
$190,500
$38,100
$59,867
64%
$8,699
15%
24%
55
 Madera, CA
4.3
$178,050
$35,610
$43,502
82%
$8,131
19%
30%
56
 Orlando, FL
4.3
$167,950
$33,590
$49,095
68%
$7,670
16%
25%
57
 Oklahoma City, OK
4.3
$154,978
$30,996
$50,322
62%
$7,077
14%
23%
58
 Port St. Lucie, FL
4.3
$150,000
$30,000
$45,313
66%
$6,850
15%
25%
59
 Tampa, FL
4.3
$149,000
$29,800
$45,992
65%
$6,804
15%
24%
60
 El Paso, TX
4.3
$147,600
$29,520
$38,603
76%
$6,740
17%
28%
61
 Canton, OH
4.3
$117,500
$23,500
$46,323
51%
$5,366
12%
19%
62
 Yuba-Sutter, CA
4.2
$205,000
$41,000
$45,298
91%
$9,362
21%
34%
63
 Dallas, TX (D)
4.2
$202,500
$40,500
$61,295
66%
$9,247
15%
25%
64
 El Centro, CA
4.2
$164,000
$32,800
$37,750
87%
$7,489
20%
32%
65
 Lakeland, FL
4.2
$130,000
$26,000
$44,009
59%
$5,937
13%
22%
66
 Edison, NJ (D)
4.1
$283,000
$56,600
$79,785
71%
$12,923
16%
26%
67
 Kennewick, WA
4.1
$189,664
$37,933
$56,866
67%
$8,661
15%
25%
68
 Boise City, ID
4.1
$168,980
$33,796
$51,365
66%
$7,717
15%
24%
69
 Fort Myers, FL
4.1
$165,000
$33,000
$46,893
70%
$7,535
16%
26%
70
 Ocean City, NJ
4.0
$246,706
$49,341
$53,288
93%
$11,266
21%
34%
71
 Visalia-Porterville, CA
4.0
$165,000
$33,000
$42,585
77%
$7,535
18%
29%
72
 Santa Barbara, CA
3.9
$397,500
$79,500
$60,331
132%
$18,152
30%
49%
73
 Phoenix, AZ
3.9
$198,000
$39,600
$55,206
72%
$9,042
16%
27%
74
 Jacksonville, FL
3.9
$159,900
$31,980
$52,768
61%
$7,302
14%
22%
75
 New York, NY (D)
3.8
$482,989
$96,598
$62,638
154%
$22,056
35%
57%
76
 Vallejo-Fairfield, CA
3.8
$300,000
$60,000
$66,576
90%
$13,700
21%
33%
77
 Prescott, AZ
3.8
$183,734
$36,747
$38,736
95%
$8,390
22%
35%
78
 Brownsville, TX
3.8
$112,000
$22,400
$31,840
70%
$5,115
16%
26%
79
 Bakersfield, CA
3.7
$174,000
$34,800
$48,840
71%
$7,946
16%
26%
80
 Charlotte, NC
3.6
$194,000
$38,800
$54,819
71%
$8,859
16%
26%
81
 Milwaukee, WI
3.5
$205,700
$41,140
$54,100
76%
$9,393
17%
28%
82
 Las Vegas, NV
3.5
$190,000
$38,000
$51,447
74%
$8,677
17%
27%
83
 Ann Arbor, MI
3.5
$190,000
$38,000
$55,036
69%
$8,677
16%
26%
84
 Dover, DE
3.5
$189,977
$37,995
$54,156
70%
$8,675
16%
26%
85
 Fort Worth, TX (D)
3.5
$165,975
$33,195
$57,178
58%
$7,579
13%
22%
86
 Vero Beach, FL
3.5
$150,450
$30,090
$45,456
66%
$6,870
15%
25%
87
 Boston, MA
3.4
$395,931
$79,186
$74,724
106%
$18,081
24%
39%
88
 Wilmington, DE (D)
3.4
$227,603
$45,521
$63,906
71%
$10,394
16%
26%
89
 Colorado Springs, CO
3.4
$205,000
$41,000
$56,926
72%
$9,362
16%
27%
90
 Pensacola, FL
3.4
$156,675
$31,335
$46,552
67%
$7,155
15%
25%
91
 Melbourne, FL
3.4
$135,000
$27,000
$46,447
58%
$6,165
13%
22%
92
 Charlottesville, VA
3.2
$245,057
$49,011
$57,752
85%
$11,191
19%
32%
93
 Nashville, TN
3.2
$175,000
$35,000
$55,368
63%
$7,992
14%
23%
94
 Atlanta, GA
3.2
$159,398
$31,880
$57,828
55%
$7,279
13%
20%
95
 Indianapolis, IN
3.2
$147,571
$29,514
$54,712
54%
$6,739
12%
20%
96
 Punta Gorda, FL
3.2
$140,000
$28,000
$44,225
63%
$6,393
14%
24%
97
 Atlantic City, NJ
3.1
$202,677
$40,535
$52,376
77%
$9,255
18%
29%
98
 Tallahassee, FL
3.1
$173,338
$34,668
$42,976
81%
$7,916
18%
30%
99
 Virginia Beach, VA
3.0
$192,012
$38,402
$51,393
75%
$8,768
17%
28%
100
 Mount Vernon, WA
2.9
$208,810
$41,762
$54,424
77%
$9,536
18%
28%
101
 Panama City, FL
2.9
$174,350
$34,870
$44,760
78%
$7,962
18%
29%
102
 Ocala, FL
2.8
$107,700
$21,540
$38,812
55%
$4,918
13%
21%
103
 Newark-Union, NJ (D)
2.7
$383,720
$76,744
$75,867
101%
$17,523
23%
38%
104
 Baltimore, MD
2.7
$240,000
$48,000
$70,356
68%
$10,960
16%
25%
105
 Des Moines, IA
2.7
$171,892
$34,378
$60,166
57%
$7,850
13%
21%
106
 Savannah, GA
2.7
$155,956
$31,191
$48,205
65%
$7,122
15%
24%
107
 Santa Fe, NM
2.6
$236,178
$47,236
$49,856
95%
$10,785
22%
35%
108
 Madison, WI
2.6
$226,596
$45,319
$62,993
72%
$10,348
16%
27%
109
 Minneapolis, MN
2.6
$208,832
$41,766
$68,997
61%
$9,537
14%
22%
110
 Tucson, AZ
2.6
$172,000
$34,400
$45,841
75%
$7,855
17%
28%
111
 Spartanburg, SC
2.6
$130,908
$26,182
$43,230
61%
$5,978
14%
22%
112
 McAllen, TX
2.6
$122,000
$24,400
$31,919
76%
$5,571
17%
28%
113
 Portland, ME
2.5
$226,100
$45,220
$56,911
79%
$10,325
18%
29%
114
 Richmond, VA
2.5
$192,000
$38,400
$54,017
71%
$8,768
16%
26%
115
 Winchester, VA
2.5
$183,241
$36,648
$51,558
71%
$8,368
16%
26%
116
 Memphis, TN
2.5
$140,822
$28,164
$45,230
62%
$6,431
14%
23%
117
 Yuma, AZ
2.5
$130,000
$26,000
$40,432
64%
$5,937
15%
24%
118
 Daytona Beach, FL
2.5
$118,000
$23,600
$42,778
55%
$5,389
13%
20%
119
 Wilmington, NC
2.4
$195,000
$39,000
$46,008
85%
$8,905
19%
31%
120
 Birmingham, AL
2.2
$166,809
$33,362
$47,715
70%
$7,617
16%
26%
121
 Flint, MI
2.2
$87,972
$17,594
$42,632
41%
$4,017
9%
15%
122
 Trenton, NJ
2.1
$255,938
$51,188
$74,473
69%
$11,688
16%
26%
123
 Lake-Kenosha, IL (D)
2.1
$232,271
$46,454
$71,360
65%
$10,607
15%
24%
124
 Gainesville, GA
2.1
$145,897
$29,179
$49,252
59%
$6,663
14%
22%
125
 Gary, IN (D)
2.1
$134,325
$26,865
$53,225
50%
$6,134
12%
19%
126
 Gulfport-Biloxi, MS
2.1
$110,518
$22,104
$38,233
58%
$5,047
13%
21%
127
 Providence, RI
2.0
$243,219
$48,644
$56,897
85%
$11,107
20%
32%
128
 Provo-Orem, UT
2.0
$189,273
$37,855
$62,163
61%
$8,643
14%
23%
129
 St. George, UT
2.0
$174,522
$34,904
$49,982
70%
$7,970
16%
26%
130
 Kansas City, MO
2.0
$159,317
$31,863
$57,190
56%
$7,275
13%
21%
131
 Columbus, OH
2.0
$149,000
$29,800
$54,556
55%
$6,804
12%
20%
132
 Pittsburgh, PA
2.0
$141,067
$28,213
$50,848
55%
$6,442
13%
21%
133
 Chattanooga, TN
2.0
$141,044
$28,209
$45,286
62%
$6,441
14%
23%
134
 Albuquerque, NM
1.9
$177,096
$35,419
$46,957
75%
$8,087
17%
28%
135
 Baton Rouge, LA
1.9
$172,597
$34,519
$51,284
67%
$7,882
15%
25%
136
 Ogden-Clearfield, UT
1.9
$171,592
$34,318
$65,545
52%
$7,836
12%
19%
137
 St. Louis, MO
1.9
$140,881
$28,176
$53,750
52%
$6,433
12%
19%
138
 Akron, OH
1.9
$122,455
$24,491
$49,307
50%
$5,592
11%
18%
139
 Springfield, MO
1.9
$120,992
$24,198
$42,091
57%
$5,525
13%
21%
140
 Mobile, AL
1.9
$118,617
$23,723
$40,538
59%
$5,417
13%
22%
141
 Dayton, OH
1.9
$113,646
$22,729
$46,364
49%
$5,190
11%
18%
142
 Chicago, IL (D)
1.8
$200,000
$40,000
$61,098
65%
$9,133
15%
24%
143
 Omaha, NE
1.8
$149,190
$29,838
$56,232
53%
$6,813
12%
20%
144
 Wichita, KS
1.8
$125,682
$25,136
$50,090
50%
$5,739
11%
19%
145
 Tulsa, OK
1.7
$144,267
$28,853
$49,201
59%
$6,588
13%
22%
146
 Allentown, PA
1.6
$175,000
$35,000
$59,734
59%
$7,992
13%
22%
147
 New Orleans, LA
1.6
$165,754
$33,151
$47,639
70%
$7,569
16%
26%
148
 Hagerstown, MD
1.6
$153,066
$30,613
$51,611
59%
$6,990
14%
22%
149
 Augusta, GA
1.6
$123,526
$24,705
$45,855
54%
$5,641
12%
20%
150
 Worcester, MA
1.5
$241,825
$48,365
$68,681
70%
$11,043
16%
26%
151
 Myrtle Beach, SC
1.5
$175,393
$35,079
$39,388
89%
$8,009
20%
33%
152
 Lancaster, PA
1.5
$171,900
$34,380
$54,796
63%
$7,850
14%
23%
153
 Raleigh-Cary, NC
1.4
$212,000
$42,400
$63,766
66%
$9,681
15%
25%
154
 Charleston, SC
1.4
$197,500
$39,500
$51,319
77%
$9,019
18%
29%
155
 Fayetteville, AR
1.4
$130,261
$26,052
$49,498
53%
$5,948
12%
20%
156
 Lafayette, IN
1.4
$126,235
$25,247
$46,300
55%
$5,765
12%
20%
157
 Florence, SC
1.4
$121,652
$24,330
$39,154
62%
$5,555
14%
23%
158
 Warren, MI (D)
1.4
$109,497
$21,899
$60,334
36%
$5,000
8%
13%
159
 Durham, NC
1.3
$190,000
$38,000
$52,903
72%
$8,677
16%
27%
160
 Columbia, SC
1.3
$124,000
$24,800
$47,456
52%
$5,663
12%
19%
161
 Clarksville, TN
1.3
$122,612
$24,522
$46,286
53%
$5,599
12%
20%
162
 Cincinnati, OH
1.2
$139,068
$27,814
$53,494
52%
$6,351
12%
19%
163
 Winston-Salem, NC
1.1
$134,986
$26,997
$47,989
56%
$6,164
13%
21%
164
 Vineland, NJ
1.1
$130,607
$26,121
$50,051
52%
$5,964
12%
19%
165
 Cleveland, OH
1.1
$125,000
$25,000
$49,927
50%
$5,708
11%
19%
166
 Detroit, MI (D)
1.1
$52,434
$10,487
$41,307
25%
$2,394
6%
9%
167
 Poughkeepsie, NY
1.0
$213,237
$42,647
$70,810
60%
$9,738
14%
22%
168
 Little Rock, AR
1.0
$133,196
$26,639
$47,062
57%
$6,083
13%
21%
169
 Syracuse, NY
1.0
$128,903
$25,781
$51,756
50%
$5,886
11%
18%
170
 Camden, NJ (D)
0.9
$179,000
$35,800
$71,484
50%
$8,174
11%
19%
171
 Harrisburg, PA
0.9
$147,957
$29,591
$56,340
53%
$6,757
12%
19%
172
 Louisville, KY
0.9
$142,192
$28,438
$49,673
57%
$6,493
13%
21%
173
 Burlington, NC
0.9
$128,322
$25,664
$45,017
57%
$5,860
13%
21%
174
 Killeen, TX
0.9
$117,108
$23,422
$46,805
50%
$5,348
11%
19%
175
 Bridgeport, CT
0.8
$409,187
$81,837
$82,877
99%
$18,686
23%
37%
176
 Knoxville, TN
0.8
$147,935
$29,587
$46,743
63%
$6,756
14%
23%
177
 Columbus, IN
0.8
$140,123
$28,025
$59,727
47%
$6,399
11%
17%
178
 Greensboro, NC
0.7
$133,654
$26,731
$44,773
60%
$6,103
14%
22%
179
 Hartford, CT
0.6
$229,367
$45,873
$69,585
66%
$10,474
15%
24%
180
 York, PA
0.6
$145,731
$29,146
$58,179
50%
$6,655
11%
19%
181
 Huntsville, AL
0.5
$169,319
$33,864
$53,739
63%
$7,732
14%
23%
182
 Lexington, KY
0.5
$145,392
$29,078
$50,026
58%
$6,639
13%
22%
183
 Fayetteville, NC
0.1
$135,521
$27,104
$44,349
61%
$6,189
14%
23%