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Indy voted most affordable city to buy a house

Posted by kim carpenter on November 22, 2010
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Last quarter Syracuse, N.Y., edged Indianapolis out of its long reign as the most affordable city to buy a house. But the industrial Midwest is back and seems to be undergoing a bit of revival. For anyone employed there, making even a halfway decent salary, the path to homeownership should be wide open. A median-priced home at today’s interest rates should cost only about $430 a month after paying 20% down. How much more affordable can it get?

And there are a lot of nice properties available. This house has three bedrooms, two baths and more than 2,000 square feet of space. It’s in move-in condition and located in a good, suburban-type neighborhood close to transportation.

Median Home price:  $109,000

Median Income:  $68,700

Affordability score:  93.3%

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