Kansas City Ranks as One of World’s Most-Affordable Housing Markets (Report)
An annual report from Demographia, a housing data reporting company, ranked NASB’s hometown market of Kansas City tied for tenth most-affordable housing market out of 367 markets spanning 9 countries.
The report measured affordability against median gross income and average home market prices in metropolitan housing markets of at least 1,000,000 residents. Within the United States, Kansas City ranks at 58 out of more than 220 markets across the country.
Below is a snippet from the New Geographic analysis of Demographia’s data:
“Buffalo, Cincinnati, Cleveland and Rochester had the most affordable housing, with a median multiple of 2.6. Pittsburgh ranked 5th, at 2.7. Detroit, Grand Rapids, and St. Louis tied for 6th, at 2.8. The tenth place tie was between Columbus, Indianapolis, Oklahoma City, and Kansas City, with a median multiple of 2.9”
You can read New Geography’s summary of the housing market report here .
Founded in 1927, North American Savings Bank is proud to serve our hometown Kansas City community and all of our customers throughout the country. Contact a NASB representative to learn more about our unique home mortgage solutions today.