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Point2conducted a studyto determine the affordability of starter homes in the 50 largest U.S. cities.
The study analyzed Zillow data to calculate the median value of a starter home in each city andU.S.
Census Bureau datato get the median household income of each areas renters.
What Is a Starter Home?
A starter home is a small house that enables a first-time buyer to afford homeownership.
Seattle
The average Seattle renter lacks $92,197 in annual income to buy a starter home.
Boston renters on average need an additional $74,444 each year to own rather than rent.
This means renters household income on average is $73,628 less than the amount needed to buy a house.
Renters in this Oregon city need on average an additional $61,862 for homeownership.
Renters annual household income on average is only 48% of whats required to buy a starter home.
However, this difference means many Tucson renters must double their income to buy.
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