Phoenix is one of the more affordable major metros in which to buy a home

Phoenix is the 8th most affordable U.S. city to buy your own home!

Ranked #8 - Phoenix Arizona is at $41,250.52 in income

Can you afford to buy a median-priced house on your salary?

Trying to get away from the ice, snow, rain, bugs, cloudy days? Well, if that be the case, Phoenix just soared to the top of your list of preferred areas you want to move to! If you find you miss the sleet and snow, Flagstaff is a couple of hours away. Enjoy the skiing and then come home to sunny Phoenix.

It might be a stretch in many elite coastal cities, but there's always the nation's heartland to consider.

To calculate affordability, consumer-loan researcher HSH.com used the National Association of Realtors' second-quarter data for median home prices and HSH.com's second-quarter average interest rate for 30-year, fixed-rate mortgages. Researchers calculated how much of a homeowner's salary it would take to afford the base cost of owning a home.

Phoenix ranked in the top third of housing affordability.

Here are the 27 metropolitan areas, ranked by the salary needed in those areas to afford a median-priced home. Pittsburgh is the most affordable; San Francisco, the least.

  1. Pittsburgh - $33,128.20
  2. Cleveland - $33,881.55
  3. Cincinnati - $35,864.16
  4. St. Louis - $36,020.47
  5. Detroit - $36,236.03
  6. Tampa - $37,913.32
  7. Atlanta - $38,005.28
  8. Phoenix - $41,250.52
  9. Orlando - $43,163.95
  10. San Antonio - $46,304.97
  11. Minneapolis - $49,255.87
  12. Dallas - $50,102.98
  13. Houston - $51,782.56
  14. Philadelphia - $54,323.02
  15. Baltimore - $57,668.41
  16. Chicago - $59,315.49
  17. Sacramento - $59,778.52
  18. Miami - $60,774.40
  19. Portland - $61,706.20
  20. Denver - $63,664.45
  21. Seattle - $74,674.89
  22. Boston - $84,572.32
  23. Washington - $84,999.14
  24. Los Angeles - $86,800.40
  25. New York City - 89.939.45
  26. San Diego - $100,091.74
  27. San Francisco - $150,511.88

Phoenix Arizona was recently listed in Top 10 U.S. cities where $50,000 per year salary stretched the furthest.

How about moving to the Phoenix Arizona area and telecommute every day to your job in a high priced are where their salaries are higher? Are you see where I am going here? Let's talk about what sort of a home you can afford in the Phoenix are paying the same for your own home as apartment rental!!

Arizona housing in very affordable Median price range of $180k - $260K

Sam Elam, Associate Broker with Berkshire Hathaway HomeServices part of #1 Real Estate company in the U.S.Sam Elam
Associate Broker, CRS, GRI, e-PRO, SFR
Berkshire Hathaway HomeServices
Arizona Properties
Cell: 480-213-1799
SamElam3@msn.com
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