House Price Rankings

Indianapolis is the nation's most affordable housing market among major metropolitan areas with populations over 500,000.

Other top-rated major cities for housing affordability

Challenged by steadily rising home prices, overall housing affordability across the country fell for the third consecutive quarter to its lowest level since the HOI was first reported in 1992. Just over 43 percent of all new and existing homes sold in the country during the third quarter were affordable to median-income families. The decline was mostly attributable to a five percent gain in the average price of homes.

In Indianapolis 89.7 percent of new and existing homes sold were affordable to families earning the median income of $64,000, with a median price of $125,000. In the nation's least affordable major housing market, Los Angeles, only 2.4 percent of homes sold were affordable to those earning the median income of $54,500. The median sales price was $495,000.