Online Extra: The Top 100 Metro Areas For Luxury Housing Affordability (extended)

The usual affordability index shows whether a midmarket house is within the budget of a middle-class family. BusinessWeek's index, based on house-price data from Fidelity National Financial, looks at the top 10% of house prices and incomes. An index value of 100 means that given prevailing mortgage rates, a family earning just enough to be in the top 10% of incomes in a metro area should be able to afford a house that's barely in the top 10% of prices. The higher the index, the more affordable the market. Metro areas listed are the biggest ones for which reliable data exist.

Metro Area

(alphabetical rank)

2003 Q4

Price ($)

Affordability

Index

Akron OH 250,000 243
Albany-Schenectady-Troy NY 280,000 219
Allentown-Bethlehem-Easton PA 279,900 211
Ann Arbor MI 380,000 189
Asheville NC 298,000 170
Atlanta GA 312,000 235
Atlantic-Cape May NJ 525,000 115
Augusta-Aiken GA-SC 203,500 267
Baltimore MD 485,000 140
Barnstable-Yarmouth MA 650,000 91
Baton Rouge LA 234,000 249
Bergen-Passaic NJ 659,900 139
Birmingham AL 280,000 218
Boston MA-NH 679,250 130
Boulder-Longmont CO 543,600 154
Bremerton WA 350,000 174
Buffalo-Niagara Falls NY 195,100 277
Canton-Massillon OH 181,500 286
Cedar Rapids IA 232,000 256
Champaign-Urbana IL 230,000 263
Charleston-North Charleston SC 386,500 148
Charlotte-Gastonia-Rock Hill NC-SC 325,000 195
Chicago IL 435,000 165
Cleveland-Lorain-Elyria OH 250,500 244
Colorado Springs CO 308,900 198
Columbia SC 242,500 254
Columbus OH 269,000 236
Daytona Beach FL 232,500 217
Dayton-Springfield OH 237,800 242
Denver CO 394,000 175
Detroit MI 296,673 229
Duluth-Superior MN-WI 195,500 253
Erie PA 177,500 280
Eugene-Springfield OR 254,000 217
Fayetteville NC 169,000 312
Fort Collins-Loveland CO 363,500 169
Fort Lauderdale FL 390,000 159
Fort Myers-Cape Coral FL 382,000 155
Fort Pierce-Port St. Lucie FL 318,000 180
Fort Walton Beach FL 340,000 161
Fresno CA 307,000 175
Gainesville FL 249,000 235
Grand Junction CO 294,900 165
Grand Rapids - Muskegon - Holland MI 221,500 261
Greeley CO 318,000 170
Green Bay WI 221,900 254
Greensboro--Winston-Salem--High Point NC 252,000 226
Greenville-Spartanburg-Anderson SC 224,500 253
Hamilton-Middletown OH 238,900 253
Harrisburg-Lebanon-Carlisle PA 223,000 261
Hartford CT 367,500 192
Honolulu HI 759,000 85
Jacksonville FL 300,000 196
Kalamazoo-Battle Creek MI 269,000 211
Knoxville TN 230,000 240
Lakeland-Winter Haven FL 184,000 262
Lansing-East Lansing MI 199,000 308
Las Vegas NV-AZ 358,500 154
Lincoln NE 217,000 235
Little Rock-North Little Rock AR 229,000 249
Los Angeles-Long Beach CA 737,000 89
Medford-Ashland OR 350,000 153
Miami FL 450,000 124
Middlesex-Somerset-Hunterdon NJ 530,000 175
Mobile AL 188,900 264
Modesto CA 335,000 160
Myrtle Beach SC 285,000 185
Naples FL 749,000 111
Nashville TN 305,406 204
Nassau-Suffolk NY 670,000 128
New Haven-Bridgeport-Stamford-Danbury-Waterbury CT 790,000 109
New London-Norwich CT 407,000 152
New Orleans LA 368,000 152
New York NY 650,000 110
Newark NJ 595,000 152
Oakland CA 765,000 115
Ocala FL 191,000 236
Olympia WA 269,500 228
Orange County CA 803,500 100
Orlando FL 285,000 208
Panama City FL 294,000 168
Pensacola FL 228,000 230
Philadelphia PA-NJ 320,000 227
Pittsburgh PA 238,500 241
Punta Gorda FL 335,000 149
Raleigh-Durham-Chapel Hill NC 310,000 233
Reading PA 229,900 253
Richmond-Petersburg VA 299,950 210
Riverside-San Bernardino CA 406,000 139
Sacramento CA 437,000 146
Saginaw-Bay City-Midland MI 173,300 331
Salem OR 230,000 230
Salinas CA 860,000 74
San Diego CA 765,000 89
San Francisco CA 1,195,000 94
San Jose CA 941,500 116
San Luis Obispo-Atascadero-Paso Robles CA 685,000 90
Santa Barbara-Santa Maria-Lompoc CA 725,000 99
Santa Cruz-Watsonville CA 800,000 101
Sarasota-Bradenton FL 420,000 140
Spokane WA 190,000 285
Springfield MA 280,000 209
St. Louis MO-IL 274,000 241
Tacoma WA 290,000 204
Tallahassee FL 259,000 229
Tampa-St. Petersburg-Clearwater FL 272,000 208
Toledo OH 208,800 273
Trenton NJ 505,000 181
Tucson AZ 315,000 176
Vallejo-Fairfield-Napa CA 552,000 124
Ventura CA 798,000 97
Washington DC-MD-VA-WV 940,000 93
West Palm Beach-Boca Raton FL 500,000 149
Wilmington-Newark DE-MD 305,000 226
Yolo CA 470,000 134
Youngstown-Warren OH 177,600 276
Data: Fidelity National Financial Inc., Housing & Urban Development Dept.

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