Major Market Housing Affordability:
United States: 2000-2005
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MEDIAN MULTIPLE |
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|
Market |
2000 |
2005 |
Change |
% Change |
Land Shortage? |
|
Albany, NY |
2.4 |
3.5 |
1.1 |
47.8% |
|
|
Albuquerque, NM |
3.2 |
3.7 |
0.5 |
16.9% |
|
|
Atlanta, GA |
2.2 |
2.8 |
0.7 |
30.2% |
|
|
Austin, TX |
2.4 |
2.8 |
0.4 |
17.9% |
|
|
Baltimore.MD |
2.4 |
4.7 |
2.4 |
101.3% |
YES |
|
Baton Rouge, LA |
2.5 |
3.3 |
0.9 |
35.2% |
|
|
Birmingham, AL |
3.0 |
3.6 |
0.5 |
17.5% |
|
|
Boston, MA-NH |
4.4 |
6.1 |
1.7 |
37.5% |
YES |
|
Buffalo, NY |
2.1 |
2.2 |
0.0 |
2.1% |
|
|
Charlotte, NC-SC |
2.8 |
3.6 |
0.8 |
28.1% |
|
|
Chicago, IL |
3.2 |
4.9 |
1.7 |
53.3% |
YES |
|
Cincinnati, OH-KY-IN |
2.5 |
2.8 |
0.3 |
10.5% |
|
|
Cleveland, OH |
2.8 |
3.0 |
0.2 |
8.2% |
|
|
Columbus, OH |
2.6 |
2.9 |
0.3 |
12.4% |
|
|
Dallas-Fort Worth, TX |
2.2 |
2.8 |
0.5 |
22.8% |
|
|
Dayton, OH |
2.4 |
2.7 |
0.2 |
9.3% |
|
|
Denver, CO |
2.9 |
4.0 |
1.2 |
40.6% |
YES |
|
Detroit, MI |
2.6 |
3.1 |
0.5 |
18.1% |
|
|
Grand Rapids, MI |
2.1 |
2.6 |
0.5 |
24.9% |
|
|
Hartford, CT |
2.6 |
3.9 |
1.3 |
50.0% |
YES |
|
Honolulu, HI |
5.6 |
10.6 |
4.9 |
87.8% |
YES |
|
Houston, TX |
2.1 |
2.9 |
0.7 |
35.1% |
|
|
Indianapolis, IN |
2.3 |
2.4 |
0.1 |
5.0% |
|
|
Jacksonville, FL |
2.2 |
3.7 |
1.5 |
71.1% |
|
|
Kansas City, MO-KS |
2.4 |
2.7 |
0.4 |
15.8% |
|
|
Las Vegas, NV |
3.0 |
6.4 |
3.4 |
116.0% |
YES |
|
Los Angeles-Orange County, CA |
4.5 |
11.2 |
6.6 |
146.9% |
YES |
|
Louisville, KY-IN |
2.5 |
2.8 |
0.3 |
12.0% |
|
|
Memphis, TN-AR-MS |
2.7 |
3.2 |
0.6 |
20.7% |
|
|
Miami-West Palm Beach, FL |
3.1 |
8.8 |
5.7 |
185.9% |
YES |
|
Milwaukee, WI |
2.8 |
4.2 |
1.4 |
48.4% |
YES |
|
Minneapolis-St. Paul, MN-WI |
2.3 |
3.5 |
1.3 |
56.1% |
|
|
Nashville, TN |
2.6 |
3.3 |
0.7 |
27.1% |
|
|
New Haven, CT (New York Area) |
2.6 |
4.8 |
2.2 |
84.6% |
YES |
|
New Orleans, LA |
2.8 |
3.6 |
0.9 |
31.1% |
|
|
New York, NY-NJ,-CT-PA |
4.6 |
7.9 |
3.3 |
73.0% |
YES |
|
Oklahoma City, OK |
2.2 |
2.7 |
0.5 |
25.0% |
|
|
Omaha, NE-IA |
2.2 |
2.5 |
0.3 |
15.4% |
|
|
Orlando, FL |
2.3 |
5.4 |
3.1 |
136.7% |
YES |
|
Philadelphia, PA-NJ-DE-MD |
2.6 |
3.9 |
1.3 |
50.0% |
|
|
Phoenix, AZ |
2.6 |
5.1 |
2.5 |
96.8% |
YES |
|
Pittsburgh, PA |
2.3 |
2.5 |
0.3 |
11.8% |
|
|
Portland, OR-WA |
3.2 |
4.2 |
1.0 |
30.4% |
YES |
|
Providence, RI-MA |
2.9 |
5.5 |
2.7 |
93.2% |
YES |
|
Raleigh, NC |
3.2 |
3.1 |
-0.1 |
-3.5% |
|
|
Richmond, VA |
2.6 |
3.9 |
1.3 |
52.5% |
|
|
Riverside-San Bernardino, CA (Los Angeles Area) |
2.8 |
7.7 |
5.0 |
178.0% |
YES |
|
Rochester, NY |
2.0 |
2.2 |
0.2 |
11.9% |
|
|
Sacramento, CA |
2.6 |
6.8 |
4.2 |
161.3% |
YES |
|
Salt Lake City, UT |
2.6 |
3.1 |
0.4 |
15.8% |
|
|
San Antonio, TX |
2.2 |
2.9 |
0.7 |
31.5% |
|
|
San Diego, CA |
4.2 |
10.8 |
6.6 |
155.5% |
YES |
|
San Francisco, CA |
4.9 |
9.3 |
4.3 |
88.4% |
YES |
|
San Jose, CA (San Francisco Area) |
6.8 |
7.4 |
0.6 |
8.5% |
YES |
|
Seattle-Tacoma, WA |
3.4 |
5.3 |
2.0 |
58.8% |
YES |
|
St. Louis, MO-IL |
2.2 |
2.6 |
0.4 |
20.4% |
|
|
Tampa-St. Petersburg, FL |
2.3 |
5.0 |
2.7 |
113.8% |
YES |
|
Tucson, AZ |
3.0 |
5.7 |
2.7 |
91.6% |
YES |
|
Tulsa OK |
2.3 |
2.6 |
0.3 |
11.0% |
|
|
Virginia Beach-Norfolk, VA-NC |
2.5 |
4.0 |
1.5 |
59.5% |
|
|
Washington, DC-VA-MD-WV |
2.7 |
6.3 |
3.5 |
130.3% |
YES |
|
Worcester, MA-CT (Boston Area) |
2.2 |
4.6 |
2.4 |
111.6% |
YES |
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Average |
2.8 |
4.5 |
1.6 |
54.2% |
|
|
. . . Policy Land Shortage Markets |
3.4 |
6.4 |
3.0 |
95.4% |
YES |
|
. . . Other Markets |
2.5 |
3.0 |
0.6 |
24.4% |
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. . . Land Shortage Markets Compared to Other |
1.19 |
1.44 |
1.88 |
1.76 |
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Policy Land Shortage Markets: Markets in which land use policies (such as smart growth or insufficiently rapid government land sales) appear to have resulted in a scarcity of land for development. |
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Median Multiple: Median House Price/Median Household Income |
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Principal sources used in calculations: National Association of Realtors, US Bureau of the Census, US Department of Housing and Urban Development |
Demographia: Affiliated with The Public Purpose, Twice A National Journal Top Internet Site
Demographia is "pro-choice" with respect to urban development.
People should have the freedom to live and work
where and how they like.
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(c) 1994-2005 --- www.demographia.com --- Wendell Cox Consultancy --- Permission granted for use with attribution.
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