According to the National Association of Home Builders, Indianapolis is currently the most affordable major US housing market. During the second quarter, 91.6% of the homes sold in that city were affordable to families that earn the area�s median income of $65,100.
The least affordable major market was the New York-White Plains-Wayne, N.J., area, where 11.4% of the homes sold were affordable to families earning the area�s median income of $63,000, according to the NAHB/Wells Fargo Housing Opportunity Index released this week.
But note that if Manhattan is included in the region it really throws off everything. Also for some reason many of these analyses leave out Bergen County. Leaving out Bergen may not affect calculations that include Manhattan that much, but they really affect Jersey inclusive stats.