3 ms·
For those looking for cheap cities to live, I've found Zillow's data [1] on mortgage price to income ratio data [2] interesting. Some choice datapoints: S
by abetusk 10y ago
For those looking for cheap cities to live, I've found Zillow's data [1] on mortgage price to income ratio data [2] interesting.
Some choice datapoints:
San Francisco, CA 9.1817795575535
Boston, MA 4.9264239374417
New York, NY 5.5458400782590
Detroit, MI 2.22905530728586
St. Louis, MO 2.4588523706753
I think the national average is around 3.1 and around 3.0 is considered "healthy" (your mortgage costs about 3x your yearly income).
[1] http://www.zillow.com/research/data/ http://www.zillow.com/research/data/
[2] http://files.zillowstatic.com/research/public/Affordability_Wide_2016Q1_Public.csv http://files.zillowstatic.com/research/public/Affordability_...
- JoshTriplett 10y agoInteresting to see how much Portland spiked in the last decade, from ~3 to >5. I wonder how much of the surrounding area that includes? I've seen housing prices skyrocket in Portland, but much less so in surrounding areas. (They've still increased, but I'd hypothesize that they haven't increased nearly as much as within Portland. I'd love to see separated data to check that hypothesis, though.)
- abetusk 10y agoIt looks like they're using a metro region. If you take a look at their "county crosswalk" [1] data that might give more information about it. For example NYC is "MetroRegionID_Zillow" 394913 that has a corresponding "RegionID" in the price to income dataset. [1] http://files.zillowstatic.com/research/public/CountyCrossWalk_Zillow.csv http://files.zillowstatic.com/research/public/CountyCrossWal...
- therealdrag0 10y agoI've seen articles showing Portland and Seattle increasing 10+% per year for the last 4 years. So yeah. Not sure what specifically is going on in portland though. Hear about Seattle tech a lot more.