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Table 1. Housing Opportunity Index, Columbus MSA and Selected MSAs,
                   Third Quarter , 2009

MSA
% of Homes Sold Affordable to Median Income Households
2007 Median Family Income
2007 Q4 Median Sales Price
National Affordability Rank
(of 222 total MSAs) 
Midwest Affordability Rank
(of 39 MSAs)
Springfield, OH 96.1% $56,800 $85,000
2
2
Mansfield, OH 95.7% $55,600 $75,000
4
4
Canton-Massillon, OH 94.4% $57,700 $84,000
7
7
Youngstown-Warren-Boardmand, OH-PA 93.9% $54,300 $72,000
8
8
Lima, OH 93.8% $56,400 $80,000
9
9
Wheeling, WV-OH 91.8% $48,000 $75,000
15
2
Dayton, OH 91.4% $62,100 $101,000
17
15
Toledo, OH 89.5% $61,800 $100,000
22
20
Akron, OH 89.2% $65,000 $108,000
23
21
Cleveland-Elyria-Mentor, OH 87.2% $64,800 $114,000
31
25
Sandusky, OH 86.4% $63,300 $114,000
34
28
Cincinnati-Middletown, OH-KY-IN 86.1% $69,200 $127,000
36
29
Columbus, OH 84.3% $68,600 $138,000
46
31
Chicago, IL 65.5% $74,600 $217,000
172
39
New York, NY* 19.2% $64,800 $425,000
227
NA
National 56.1% $61,500 $205,900
NA
NA

Source: National Association of Home Builders, 2009

*Indicate Metropolitan Divisions. All others are Metropolitan Statistical Areas.

 

Chart 1. Monthly Owner Costs, Franklin County, 2008

Affordability

Source: U.S. Census Bureau, American Community Survey 2008