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Top 10 Most Affordable Markets for Homebuyers
The cities where homes are most affordable, based on prices compared to average annual income, will surprise you.
Most Affordable Housing Market No. 1: Chicago
With the median home priced at $160,000 and the average annual salary coming in at $72,400, on average, a home in Chicago is only 2.2 times the average annual paycheck, the lowest of any market in the U.S. This two-bedroom, three-bath house is priced below the median, at $135,000, but it's a tight 835 square feet.
By Lisa Johnson Mandell