Interest rates have soared, and overall, home prices remain high. Despite this market turmoil, people still need homes, and the desire to own their own remains strong.
According to researchers at Yardi Matrix's StorageCafe service, these 15 markets of the nation's most affordable markets based on average annual income and median house price -- with an added twist. They also analyzed 58 groups of professions to see how many would enable workers to afford the average home in each of these markets.
The criteria included providing at least 30% of qualifying income to pay the average mortgage and being able to save enough over five years -- using no more than 20% of their salary -- to make a 20% down payment.
This data comes from analyses of data from Yardi Matrix, Zillow, the Bureau of Labor Statistics, and the U.S. Census Bureau.
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