Where Are the Affordable Starter Homes?

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*Assumes 5% downpayment, 30-year fixed rate mortgage rate of 6.5%, U.S. average property tax and homeowners' insurance payments, and a monthly payment that does not exceed 28% of gross household income. **Starter home household incoems are calculated as two times 75% of the average annual wage in the metro area.

Chart: Bright MLS, Altos Research, U.S. Bureau of Labor StatisticsCreated with Datawrapper