This article in Realty Times by Phoebe Chongchua lists the most affordable and the least affordable housing markets in the U.S. An interesting statistic from the article is that over 70% of homes in the U.S. are affordable to families earning the national median income of $64,000.
The most affordable community: Indianapolis. Followed up by Detroit-Livonia-Dearborn, Mich.; Dayton, Ohio; Youngstown-Warren-Boardman, Ohio-Pa.; and Akron, Ohio.
The least affordable markets: San Francisco; Honolulu; Santa Ana-Anaheim-Irvine, Calif.; and Los Angeles-Long Beach-Redwood City, Calif. Topping this list, once again in the fourth quarter of 2009, is New York-White Plains-Wayne, N.Y.-N.J.
I have just summarized the highlights. Go read the whole article. Some very interesting information.