The Indianapolis area is tied for #1 for affordability of homes.
The median sales price of all Indianapolis homes sold in that time frame was $116,000.
This won't come as a major shock, because Indy had spent the previous six quarters at the top, including all of 2006.
The Youngstown, Ohio area is tied for first with Indianapolis-Carmel, with a median homes sales price of $78,000 affordable because of household incomes of $51,400.
All you New York City, Chicago, and California residents? Enjoy your overpriced homes. I hope those cultural amenities are worth it.
Once again at the bottom of the affordability scale was Los Angeles-Long Beach-Glendale, Calif., where just 3 percent of homes sold in the first quarter were affordable to families earning the metro's median household income of $61,700.