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Des Moines, Iowa, ranked first and Los Angeles ranked last in Realtor.com’s inaugural report grading the 100 largest U.S. metros on housing affordability and homebuilding activity.
The results highlighted how local zoning and permitting can affect housing affordability in different areas.
The real estate platform’s first Metro Affordability and Homebuilding Report Card, released on Sept. 16, showed that Des Moines received an “A+” grade with a score of 83.4, the highest among the 100 metros analyzed, reflecting its strong residential construction activity and affordability.
The city has a median listing price of $349,903, with the monthly mortgage payment requiring 27.5 percent of a median-income household’s income, below the commonly cited threshold of 30 percent. …
The results highlighted how local zoning and permitting can affect housing affordability in different areas.
The real estate platform’s first Metro Affordability and Homebuilding Report Card, released on Sept. 16, showed that Des Moines received an “A+” grade with a score of 83.4, the highest among the 100 metros analyzed, reflecting its strong residential construction activity and affordability.
The city has a median listing price of $349,903, with the monthly mortgage payment requiring 27.5 percent of a median-income household’s income, below the commonly cited threshold of 30 percent. …
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