Affordability Analysis in Current Property Market

Our affordability analysis in the current property market evaluates the financial feasibility of purchasing a property, taking into account factors such as property prices, mortgage rates, and income levels. This analysis aims to help you assess your ability to enter the real estate market.

As of January 2021, Memphis ranked first on the affordability index, indicating a relatively higher affordability level in the property market. Detroit secured the second position, followed by Syracuse in third place. Buenos Aires, Damascus, and Tehran showcased significantly lower scores on the index, suggesting challenges in terms of affordability in those areas.

In January 2022, Memphis maintained its first position on the affordability index, emphasizing its continued affordability in the property market. Detroit ranked second, while Cleveland secured the third spot. Buenos Aires, Damascus, and Tehran remained at the lower end of the index, indicating limited affordability in those areas.

By January 2023, Houston claimed the first position on the affordability index, indicating increased affordability in the property market compared to other areas. Phoenix ranked second, followed by Dallas in third place. Buenos Aires, Caracas, and Colombo showcased significantly lower scores on the index, suggesting challenges in affordability in those locations.

Understanding the affordability analysis in the current property market provides valuable insights into the feasibility of purchasing a property. It helps you gauge the affordability of different areas, taking into account property prices, mortgage rates, and income levels. This information is crucial when considering a property investment or planning to enter the real estate market, allowing you to make informed decisions based on your financial situation.

Affordability Index By City January 2023 (Index, January 2023)

City Country Index
1 Houston United States 5.4
2 Phoenix United States 5.2
3 Dallas United States 4.9
4 Pretoria South Africa 4.8
5 Ad Dammam Saudi Arabia 4.6
6 Jacksonville United States 4.4
7 Orlando United States 4.2
7 Riyadh Saudi Arabia 4.2
8 Edmonton Canada 4
9 Atlanta United States 3.9
9 Dubai United Arab Emirates 3.9
9 Jeddah (Jiddah) Saudi Arabia 3.9
10 Johannesburg South Africa 3.8
11 Denver United States 3.6
11 Charlotte United States 3.6
11 Las Vegas United States 3.6
12 Chicago United States 3.5
12 Salt Lake City United States 3.5
13 Tampa United States 3.4
14 Albuquerque United States 3.2
14 Nashville United States 3.2
15 Christchurch New Zealand 3.1
15 Fort Lauderdale United States 3.1
15 Muscat Oman 3.1
16 Aalborg Denmark 3
16 Calgary Canada 3
17 Eindhoven Netherlands 2.9
17 Rotterdam Netherlands 2.9
17 San Antonio United States 2.9
18 Coventry United Kingdom 2.8
18 Antwerp Belgium 2.8
18 Durban South Africa 2.8
18 Turku Finland 2.8
19 Aberdeen United Kingdom 2.7
19 Abu Dhabi United Arab Emirates 2.7
19 Grenoble France 2.7
19 Malmo Sweden 2.7
19 Portland United States 2.7
19 The Hague (Den Haag) Netherlands 2.7
20 Cork Ireland 2.6
20 Toulouse France 2.6
21 Brussels Belgium 2.5
22 Basel Switzerland 2.4
22 Gent Belgium 2.4
22 Groningen Netherlands 2.4
22 Tampere Finland 2.4
23 Canberra Australia 2.3
23 Larnaca Cyprus 2.3
23 Nicosia Cyprus 2.3
23 Seattle United States 2.3
24 Kuala Lumpur Malaysia 2.2
24 Maribor Slovenia 2.2
24 Ramallah Palestine 2.2
24 Arhus Denmark 2.2
25 Miami United States 2.1
25 Doha Qatar 2.1
25 Manchester United Kingdom 2.1
25 Belfast United Kingdom 2.1
25 Turin Italy 2.1
25 Trondheim Norway 2.1
26 Austin United States 2
26 Valencia Spain 2
26 Reno United States 2
26 Glasgow United Kingdom 2
26 Bergen Norway 2
26 Adelaide Australia 2
27 Malaga Spain 1.9
27 Copenhagen Denmark 1.9
27 Espoo Finland 1.9
27 HsinChu Taiwan 1.9
27 Linz Austria 1.9
27 Edinburgh United Kingdom 1.9
27 Utrecht Netherlands 1.9
27 Stavanger Norway 1.9
27 Liverpool United Kingdom 1.9
27 Raleigh United States 1.9
27 Nuremberg Germany 1.9
27 Noida India 1.9
28 Heidelberg Germany 1.8
28 Columbus United States 1.8
28 Tromso Norway 1.8
28 Tartu Estonia 1.8
28 Seville (Sevilla) Spain 1.8
28 Riga Latvia 1.8
28 Plovdiv Bulgaria 1.8
28 Lyon France 1.8
28 Limassol Cyprus 1.8
29 Graz Austria 1.7
29 Gothenburg Sweden 1.7
29 Perth Australia 1.7
29 Ostrava Czech Republic 1.7
29 Nanaimo Canada 1.7
29 Melbourne Australia 1.7
29 Los Angeles United States 1.7
29 Johor Bahru Malaysia 1.7
29 Helsinki Finland 1.7
29 Haifa Israel 1.7
30 Bolzano-Bozen Italy 1.6
30 Boston United States 1.6
30 Bologna Italy 1.6
30 Bangalore India 1.6
30 Varna Bulgaria 1.6
30 San Jose United States 1.6
30 San Diego United States 1.6
30 Reykjavik Iceland 1.6
30 Penang Malaysia 1.6
30 Nice France 1.6
30 Kaunas Lithuania 1.6
31 Geneva Switzerland 1.5
31 Amsterdam Netherlands 1.5
31 Barcelona Spain 1.5
31 Coimbra Portugal 1.5
31 Dublin Ireland 1.5
31 Osijek Croatia 1.5
31 San Juan United States 1.5
31 Zurich Switzerland 1.5
32 Dusseldorf Germany 1.4
32 Haarlem Netherlands 1.4
32 Cape Town South Africa 1.4
32 Bhubaneswar India 1.4
32 Berlin Germany 1.4
32 Hamburg Germany 1.4
32 Madrid Spain 1.4
32 Montreal Canada 1.4
32 Oslo Norway 1.4
32 San Francisco United States 1.4
32 Sofia Bulgaria 1.4
32 Stuttgart Germany 1.4
32 Tokyo Japan 1.4
32 Vienna Austria 1.4
33 Kaohsiung Taiwan 1.3
33 Tallinn Estonia 1.3
33 Quebec City Canada 1.3
33 Petaling Jaya Malaysia 1.3
33 Mississauga Canada 1.3
33 Luxembourg Luxembourg 1.3
33 Lucknow (Lakhnau) India 1.3
33 Kolkata India 1.3
33 Honolulu United States 1.3
33 Gurgaon India 1.3
33 Brisbane Australia 1.3
34 Hyderabad India 1.2
34 Thessaloniki Greece 1.2
34 Vilnius Lithuania 1.2
34 Yangon Myanmar 1.2
34 Indore India 1.2
34 Katowice Poland 1.2
34 Faisalabad Pakistan 1.2
34 Auckland New Zealand 1.2
34 Amman Jordan 1.2
34 New York United States 1.2
34 Olomouc Czech Republic 1.2
34 Porto Portugal 1.2
34 Pune India 1.2
34 Rijeka Croatia 1.2
34 Sarajevo Bosnia and Herzegovina 1.2
34 Sydney Australia 1.2
35 Surat India 1.1
35 Kosice Slovakia 1.1
35 Tuzla Bosnia and Herzegovina 1.1
35 Timisoara Romania 1.1
35 Szczecin Poland 1.1
35 Kochi India 1.1
35 Stockholm Sweden 1.1
35 Plzen Czech Republic 1.1
35 Panama City Panama 1.1
35 Monterrey Mexico 1.1
35 Lodz Poland 1.1
35 Ljubljana Slovenia 1.1
35 Ahmedabad India 1.1
35 Brasov Romania 1.1
35 Coimbatore India 1.1
35 Craiova Romania 1.1
35 Florence Italy 1.1
35 Frankfurt Germany 1.1
35 Iasi Romania 1.1
36 Santa Cruz Bolivia 1
36 Sibiu Romania 1
36 Singapore Singapore 1
36 Split Croatia 1
36 Vancouver Canada 1
36 Victoria Canada 1
36 Wellington New Zealand 1
36 Zagreb Croatia 1
36 Athens Greece 1
36 Bratislava Slovakia 1
36 Rome Italy 1
36 Guadalajara Mexico 1
36 Innsbruck Austria 1
36 Munich Germany 1
36 Poznan Poland 1
36 Podgorica Montenegro 1
36 Nis Serbia 1
36 Saint Helier United Kingdom 1
36 San Jose United States 1
36 Bucharest Romania 1
37 Guayaquil Ecuador 0.9
37 Astana (Nur-Sultan) Kazakhstan 0.9
37 Banja Luka Bosnia and Herzegovina 0.9
37 Chennai India 0.9
37 Chittagong Bangladesh 0.9
37 Constanta Romania 0.9
37 Kuwait City Kuwait 0.9
37 La Paz Bolivia 0.9
37 London United Kingdom 0.9
37 Marrakech Morocco 0.9
37 Milan Italy 0.9
37 Oradea Romania 0.9
37 Pristina Kosovo 0.9
37 Ramat Gan Israel 0.9
37 Skopje North Macedonia 0.9
37 Taichung Taiwan 0.9
37 Toronto Canada 0.9
38 Casablanca Morocco 0.8
38 Brno Czech Republic 0.8
38 Bialystok Poland 0.8
38 Wroclaw Poland 0.8
38 Zadar Croatia 0.8
38 Yekaterinburg Russia 0.8
38 Debrecen Hungary 0.8
38 Gdansk Poland 0.8
38 Jerusalem Israel 0.8
38 Krakow (Cracow) Poland 0.8
38 Lisbon Portugal 0.8
38 Merida Mexico 0.8
38 Novi Sad Serbia 0.8
38 Paris France 0.8
39 Islamabad Pakistan 0.7
39 Warsaw Poland 0.7
39 Baku Azerbaijan 0.7
39 Barranquilla Colombia 0.7
39 Batumi Georgia 0.7
39 Belgrade Serbia 0.7
39 Brasilia Brazil 0.7
39 Budapest Hungary 0.7
39 Chengdu China 0.7
39 Chisinau Moldova 0.7
39 Cluj-Napoca Romania 0.7
39 Cuenca Ecuador 0.7
39 Delhi India 0.7
39 Dubrovnik Croatia 0.7
39 Gdynia Poland 0.7
39 Guatemala City Guatemala 0.7
39 Macao Macau 0.7
39 Montevideo Uruguay 0.7
39 Porto Alegre Brazil 0.7
39 Quezon City Philippines 0.7
39 Quito Ecuador 0.7
39 Rabat Morocco 0.7
39 Tel Aviv-Yafo Israel 0.7
39 Tirana Albania 0.7
39 Voronezh Russia 0.7
40 Curitiba Brazil 0.6
40 Cairo Egypt 0.6
40 Bandung Indonesia 0.6
40 Baghdad Iraq 0.6
40 Asuncion Paraguay 0.6
40 Ulaanbaatar Mongolia 0.6
40 Ufa Russia 0.6
40 Taipei Taiwan 0.6
40 Santiago Chile 0.6
40 Prague Czech Republic 0.6
40 Perm Russia 0.6
40 Nizhny Novgorod Russia 0.6
40 Nairobi Kenya 0.6
40 Lviv Ukraine 0.6
40 Lahore Pakistan 0.6
40 Kharkiv Ukraine 0.6
40 Dhaka Bangladesh 0.6
41 Tunis Tunisia 0.5
41 Vladivostok Russia 0.5
41 Hanoi Vietnam 0.5
41 Dnipro Ukraine 0.5
41 Kazan Russia 0.5
41 Kaliningrad Russia 0.5
41 Ankara Turkey 0.5
41 Almaty Kazakhstan 0.5
41 Alexandria Egypt 0.5
41 Krasnodar Russia 0.5
41 Lagos Nigeria 0.5
41 Lima Peru 0.5
41 Medellin Colombia 0.5
41 Mexico City Mexico 0.5
41 Novosibirsk Russia 0.5
41 Samara Russia 0.5
41 Seoul South Korea 0.5
41 Tbilisi Georgia 0.5
41 Yerevan Armenia 0.5
42 Moscow Russia 0.4
42 Belo Horizonte Brazil 0.4
42 Bishkek Kyrgyzstan 0.4
42 Bogota Colombia 0.4
42 Bursa Turkey 0.4
42 Hangzhou China 0.4
42 Izmir Turkey 0.4
42 Jakarta Indonesia 0.4
42 Karachi Pakistan 0.4
42 Kiev (Kyiv) Ukraine 0.4
42 Odessa (Odesa) Ukraine 0.4
42 Rio de Janeiro Brazil 0.4
42 Saint Petersburg Russia 0.4
42 Santo Domingo Dominican Republic 0.4
42 Sao Paulo Brazil 0.4
42 Surabaya Indonesia 0.4
42 Tripoli Libya 0.4
42 Antalya Turkey 0.4
42 Bangkok Thailand 0.4
42 Algiers Algeria 0.4
43 Beijing China 0.3
43 Shenzhen China 0.3
43 Shanghai China 0.3
43 Phnom Penh Cambodia 0.3
43 Mumbai India 0.3
43 Minsk Belarus 0.3
43 Mersin Turkey 0.3
43 Manila Philippines 0.3
43 Hong Kong China 0.3
43 Ho Chi Minh City Vietnam 0.3
43 Guangzhou China 0.3
43 Eskisehir Turkey 0.3
43 Tashkent Uzbekistan 0.3
44 Tehran Iran 0.2
44 Isfahan (Esfahan) Iran 0.2
44 Beirut Lebanon 0.2
44 Addis Ababa Ethiopia 0.2
44 Shiraz Iran 0.2
44 Mashhad Iran 0.2
44 Kathmandu Nepal 0.2
44 Istanbul Turkey 0.2
45 Caracas Venezuela 0.1
45 Buenos Aires Argentina 0.1
45 Colombo Sri Lanka 0.1

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