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Home affordability varies dramatically across the United States. This ranking compares states by the ratio of median home values to average salaries, along with property tax rates and mortgage affordability. States are evaluated on home price-to-income ratios, allowing first-time buyers and relocating professionals to identify where their housing budget goes furthest.
| Rank | State | Home Price-to-Income Ratio |
|---|---|---|
| 1 | Ohio | 4x income ratio |
| 2 | Illinois | 4x income ratio |
| 3 | Michigan | 4x income ratio |
| 4 | Pennsylvania | 4x income ratio |
| 5 | Texas | 5x income ratio |
| 6 | North Carolina | 5x income ratio |
| 7 | New York | 5x income ratio |
| 8 | Georgia | 6x income ratio |
| 9 | Florida | 7x income ratio |
| 10 | Washington | 7x income ratio |
States are ranked by home price-to-income ratio (median home value divided by average annual salary). Lower ratios indicate better affordability. Additional context includes effective property tax rates, mortgage payment estimates (assuming 20% down, 30-year fixed at 6.5%), and cost of living indices. Data sources: Zillow Home Value Index, Bureau of Labor Statistics, US Census Bureau.
Which state has the most affordable housing?
Ohio offers the most affordable housing with a median home value of $200,000 and an average salary of $55,000, giving a home price-to-income ratio of approximately 3.6x. Other affordable states include Michigan, Pennsylvania, and Illinois.
How is home affordability measured?
We measure affordability using the home price-to-income ratio (median home value divided by average annual salary). A lower ratio means homes are more affordable relative to local incomes. We also consider property tax rates and estimated monthly mortgage payments.
Does a low home price mean a state is affordable?
Not necessarily. While low home prices help, you must also consider property tax rates, insurance costs, and your income. A state with low home prices but high property taxes may have similar monthly costs to a state with moderate prices and low taxes. Use our mortgage calculator for a complete picture.
United Kingdom calculators use data from the following official government agencies:
Our UK calculators use tax bands, National Insurance rates, and contribution limits published by HMRC. Salary and economic data comes from the Office for National Statistics (ONS). Mortgage calculations use average UK interest rates and may vary by lender and individual circumstances. All figures are for educational purposes.
All tax brackets, contribution rates, and economic data used in our calculators are sourced from the official government publications listed above. Rates are updated at least annually to reflect the latest tax year and regulatory changes. Users should verify critical figures with official sources or qualified professionals.
Last updated: June 2026. Information may change; always verify with official sources.
Last Updated: July 2026 — Reviewed Against Official Sources