Atlanta Housing Among the Nation’s Most Affordable

Affordable HousingYou may or may not know this, but the housing in Atlanta is among the most affordable of the major American cities. In fact, according to recent research by the online mortgage resource, Atlanta comes in at #4 on the list.

HSH took data from the National Association of Realtors data for median home prices and’s average interest rates for 30-year fixed-rate mortgages to calculate how much of your salary it would take to afford the base cost of owning a home, the principal and interest.  They did this for the top 25 metropolitan areas in the nation.

What they found is that an individual earning about $24,400 per year could afford a home in Atlanta where the median home price is $142,400. Doing calculations to determine the average monthly payment, you wind up with a payment of $569.12 a month.

In Dallas, the yearly salary requirement is closer to $30,000 a year, while in Boston be prepared to earn well over $60,000 a year. And if you want to live in San Francisco you will need to earn over $110,000 a year!

The affordability of the metro Atlanta area is just one of many reasons why the area continues to grow rapidly and is such a highly desirable place for people to live and work as well as for major corporations to call their home.

Salary needed to purchase a home in the top 25 major American cities:

1. Cleveland: $19,435.17 14. Baltimore: $41,155.40
2. Cincinnati: $22,226.95 15. Sacramento: $42,832.20
3. St. Louis: $22,397.54 16. Miami: $43,918.66
4. Atlanta: $24,390.94 17. Portland, Ore.: $45,872.78
5. Tampa: $24,650.88 18. Denver: $48,122.72
6. Orlando: $28,298.47 19. Seattle: $59,129.86
7. San Antonio: $29,305.47 20. Washington, D.C.: $62,809.63
8. Dallas: $29,751.24 21. Boston: $63,673.13
9. Houston: $31,298.99 22. New York City: $66,167.27
10. Chicago: $32,388.90 23. Los Angeles: $72,126.90
11. Phoenix: $32,811.94 24. San Diego: $81,570.40
12. Minneapolis: $33,800.09 25. San Francisco: $115,510.06
13. Philadelphia: $36,836.47

The metro area offers so many different styles of living in many price ranges. You are bound to find a community and a home that you would like to call your own. Let us help you find your dream home, 
contact us today. 

  • Questions?

  • Questions?