Home affordability is particularly bad in many of the largest U.S. cities, but there are still some relative bargains to be found for urban homebuyers on a tighter budget.
Of the 50 largest cities, 11 are considered affordable for households earning a U.S. median annual income of $74,580, according to an analysis by mortgage analytics firm HSH.
DON'T MISS: Achieve Financial Wellness: Be Happier, Wealthier & More Financially SecureHomes in these 11 major cities all offer median prices below $300,000 — much less than the national median of $412,300, according to U.S. Census data.
The trade-off is that these places may offer fewer high-paying job opportunities due to more modest local economies.
Here's a look at the 11 major U.S. cities where households earning $75,000 can still afford a home, according to HSH.
Organizations:
Homes, & $
Locations:
Cleveland, U.S, Detroit