Majority of Tampa-St. Pete residents can afford typical home

The two-year attrition in home sales and prices has made housing affordable for a majority of Tampa Bay area households. According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, 60 percent of Tampa-St. Petersburg-Clearwater households can afford the median priced home of $167,000. The index says the median family income here is $56,500. That places us almost perfectly in the middle of the pack nationally. We ranked 114th out of 223 metro areas. The most affordable region was Kokomo, Indiana, where 95 percent of families can afford the median home price of $88,000.

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