About this tool
This chart ranks the 60 largest U.S. metro areas by how affordable homes are for first-time buyers. It uses the ratio of the home price to the buyer's income, calculated for each of more than 5 million first-time buyer sales. A lower ratio means a home is more affordable relative to income, which helps show where first-time buyers face the steepest costs.
- Shows
- Rankings of the 60 largest metros by first-time homebuyer affordability, based on the typical ratio of home price to buyer income.
- Places
- Metro areas
- Years
- 2013 to 2022
Questions it answers
- Which large metro areas are the most affordable for first-time homebuyers?
- Which large metros are the least affordable for first-time buyers?
- How does my metro rank among the 60 largest for first-time buyer affordability?
- How many years of a typical income does a first-time buyer's home cost in my metro?
- How has first-time buyer affordability changed in my metro since 2013?
Limits
- Covers only the 60 largest metro areas.
- Covers first-time homebuyer sales only, not all home purchases.
- Affordability is measured as home price relative to buyer income.