US Real Estate Affordability Index
Median home price ÷ median household income — by state
Public Record + Census ACS
Median Home Price
—
Median Household Income
—
Affordability Index
6.82
vs National Avg
—
State Affordability Ranking
Most affordable first| # | State | Median Price | Median Income | Index |
|---|---|---|---|---|
| 1 | Missouri (MO) | $61.3K | $65,920 | 0.93 |
| 2 | Iowa (IA) | $324.7K | $70,571 | 4.60 |
| 3 | Michigan (MI) | $327.2K | $68,505 | 4.78 |
| 4 | Indiana (IN) | $322.1K | $67,173 | 4.79 |
| 5 | Minnesota (MN) | $403.9K | $84,313 | 4.79 |
| 6 | New Mexico (NM) | $290K | $58,722 | 4.94 |
| 7 | Pennsylvania (PA) | $362.7K | $73,170 | 4.96 |
| 8 | Nebraska (NE) | $359.7K | $71,722 | 5.02 |
| 9 | West Virginia (WV) | $282.3K | $55,217 | 5.11 |
| 10 | Wisconsin (WI) | $372.9K | $72,458 | 5.15 |
| 11 | Illinois (IL) | $407.8K | $78,433 | 5.20 |
| 12 | Oklahoma (OK) | $320K | $61,364 | 5.21 |
| 13 | Maryland (MD) | $514.7K | $98,461 | 5.23 |
| 14 | Ohio (OH) | $354.8K | $66,990 | 5.30 |
| 15 | South Dakota (SD) | $377.2K | $69,457 | 5.43 |
| 16 | Kentucky (KY) | $327.7K | $60,183 | 5.44 |
| 17 | North Dakota (ND) | $419.7K | $73,959 | 5.67 |
| 18 | Vermont (VT) | $447.2K | $74,014 | 6.04 |
| 19 | Arkansas (AR) | $351K | $56,335 | 6.23 |
| 20 | Virginia (VA) | $544.1K | $87,249 | 6.24 |
| 21 | New Hampshire (NH) | $576.4K | $90,845 | 6.35 |
| 22 | Maine (ME) | $468.3K | $71,773 | 6.52 |
| 23 | Delaware (DE) | $534.9K | $79,325 | 6.74 |
| 24 | Oregon (OR) | $547.2K | $76,362 | 7.17 |
| 25 | Georgia (GA) | $512.4K | $71,355 | 7.18 |
| 26 | North Carolina (NC) | $490K | $66,186 | 7.40 |
| 27 | New Jersey (NJ) | $723.3K | $97,126 | 7.45 |
| 28 | Washington (WA) | $680.4K | $90,325 | 7.53 |
| 29 | Tennessee (TN) | $483.2K | $64,035 | 7.55 |
| 30 | Connecticut (CT) | $695.8K | $90,213 | 7.71 |
| 31 | Rhode Island (RI) | $636.5K | $81,854 | 7.78 |
| 32 | South Carolina (SC) | $504.2K | $63,623 | 7.93 |
| 33 | Alabama (AL) | $487.9K | $59,674 | 8.18 |
| 34 | Arizona (AZ) | $613.5K | $74,568 | 8.23 |
| 35 | District of Columbia (DC) | $888.5K | $101,027 | 8.79 |
| 36 | Massachusetts (MA) | $893.1K | $96,505 | 9.25 |
| 37 | Nevada (NV) | $676.7K | $72,340 | 9.35 |
| 38 | Colorado (CO) | $831.1K | $87,598 | 9.49 |
| 39 | Florida (FL) | $700.5K | $71,711 | 9.77 |
| 40 | New York (NY) | $880.3K | $81,386 | 10.82 |
| 41 | Hawaii (HI) | $1.1M | $94,814 | 11.56 |
| 42 | California (CA) | $1.16M | $91,905 | 12.64 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.