The 12th Annual Demographia International Housing Affordability Survey for
2016 shows that 12 U.S. cities were rated as some of the
most affordable housing markets in the world.
According to the survey, the most affordable major metropolitan markets in
2015 were in the United States, which had a moderately unaffordable rating of
3.7.followed by Japan, with a Median Multiple of 3.9. Major metropolitan markets
were rated seriously unaffordable, in Canada (4.2), Ireland (4.5), the United
Kingdom (4.6) and Singapore (5.0).
The major markets of Australia (6.4), New Zealand (9.7) and Hong Kong (19.0) were severely unaffordable. The most affordable metropolitan markets (overall) were in the United States,
with 14 markets rated as affordable.
The 10 most affordable markets were
(#1-tie) Buffalo, Cincinnati, Cleveland, Rochester, (#5) Pittsburgh, (#6-tie)
Detroit, Grand Rapids, Oklahoma City, St. Louis, (#10-tie) Columbus,
Indianapolis and Kansas City, all with Median Multiples under 3.0, and rated as