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There's a recent Redfin analysis on this. On average, only 16% of homes were affordable for households earning a median income [1]. It's wild how broadly these
by the_gastropod 3y ago
There's a recent Redfin analysis on this. On average, only 16% of homes were affordable for households earning a median income [1]. It's wild how broadly these affordability numbers vary, and just how much less affordable homes are today than they were just 2 years ago.
Ohio must either be a very undesirable state to live in, or they're doing something right to keep house prices relatively reasonable: 3 of the top 5 most affordable cities are in Ohio!
[1] https://www.redfin.com/news/share-of-homes-affordable-new-2023/ https://www.redfin.com/news/share-of-homes-affordable-new-20...
- blastro 3y agoCan confirm on Ohio being a very undesirable state to live in.
- floxy 3y agoHere's an interesting house: https://www.zillow.com/homedetails/336-N-Bridge-St-Gettysburg-OH-45328/107215896_zpid/ https://www.zillow.com/homedetails/336-N-Bridge-St-Gettysbur...
- alephnerd 3y ago> Ohio must either be a very undesirable state to live in The 3 metros mentioned (Akron, Dayton, and Cleveland) collapsed economically in the 1990s. Columbus has been growing, but that's also why unaffordability has grown by 46.7% from 2022 to 2023 in the same dataset. A better model would be Lake County, IL - that's a suburb of Chicago, and Chicagoland is very construction friendly.