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submitted 1 year ago by Blaze to c/map_enthusiasts@sopuli.xyz

This shows county median home values divided by county median household income, both for 2023.

For example a score of "5" means the median home price in that county is 5 times the median household income in that county.

Generally, a score under 4 is considered affordable, 4-6 is pushing it, and over 6 is unaffordable for the median income.

There are of course other factors to consider such as property tax, down payment amount, assistance programs, etc. Property tax often varies at the city/township level so is impossible to accurately show.

Median Household Income Data is from US Census Bureau.

Median Home Value from National Association of Realtors, and Zillow/Redfin .

Home Values Data Link with map (missing data pulled from Zillow/Redfin/Realtor)

https://www.nar.realtor/research-and-statistics/housing-statistics/county-median-home-prices-and-monthly-mortgage-payment

Source: https://ghostarchive.org/archive/YaavC

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[-] friend_of_satan@lemmy.world 12 points 1 year ago* (last edited 1 year ago)

A few years ago I moved from a Silicon Valley 8-9 county to a Midwest 2-4 county. Something about seeing this map makes me feel good with my decision. I felt morally conflicted living in Silicon Valley where I knew most people at the stores I would shop at were struggling to afford housing. The house I was finally able to afford was about 20% of the starting price of where I lived in SFBA, and about twice the starting price of the market where I bought.

[-] deegeese@sopuli.xyz 4 points 1 year ago

Is there any moral conflict in moving someplace cheap and outbidding all the locals with cash from selling your California house?

this post was submitted on 28 Apr 2024
98 points (100.0% liked)

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