Housing market affordability: Payment-to-income ratios in the nation's 10 most affordable metro areas and the 10 least affordable

Black Knight: "It now requires 40.6% of the median [U.S.] household income to make the monthly P&I payment on the median-priced [U.S.] home purchase, making housing the least affordable it’s been since 1984"

Black Knight: "The payment-to-income ratio is the share of median income needed to make the monthly principal and interest payment on the purchase of the averaged priced home using a 20% down 30-year fixed rate mortgage at the prevailing interest rate"
Chart: Lance LambertSource: Black KnightCreated with Datawrapper