article thumbnail

How Much Does It Cost to Buy a Home in the Largest U.S. Cities?

Pro Builder

Qualifying for a mortgage in today's high-cost housing market requires more income than in years past, but some U.S. On the other hand, prospective buyers in cities like San Jose, Calif., need to have a qualifying annual income of $359,127 to afford monthly payments of $8,380 for a median home price of $1,688,000.

article thumbnail

Americans Can Still Find Affordable Starter Homes in These Four Metros

Pro Builder

Despite a chronic housing shortage and fast-rising home prices, starter homes are still relatively affordable for those earning the median household income in Detroit, Tulsa, OK, Memphis, TN, and Oklahoma City, CNBC reports. Affordability. Housing Markets. Housing Markets.

Metro 40
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cities Where Buyers Can Afford the Most and Least

Pro Builder

SmartAsset analyzed data from the 50 largest cities to find where the average American can afford the largest home, along with the smallest. Data compared included median household income in each city, average non-mortgage debt, and median home values. Detroit and Oklahoma City stay affordable; Oakland becomes less affordable.

article thumbnail

Rent Burden is Greater for Minority Households

Pro Builder

Black and Latinx renters spent 34% and 32.1%, respectively, of their monthly income on rent. Even in the most affordable cities where the rent burden is low, Black renters are paying relatively more. . percent of their income on rent in August, respectively, Black renters should have expected to spend 27.5%. Louis spent just 22.0%

article thumbnail

Rents Fell for the First Time in Over a Year, but Renters Shouldn’t Celebrate Just Yet—Here’s Why

Pro Builder

The median rent in that metro amounts to over 46% of the typical household income. Rent affordability also continued to drop in Northeastern metros such as New York City and Boston, as renters have returned to the cities after an early pandemic exodus. The middle of the country continues to be the most affordable place to rent.

article thumbnail

8 ways to cool a factory

BD+C

However, their Nashville, Charlotte, or Oklahoma City facilities often do. With good design, we can direct the incoming air to the right places. And heat issues, like climate, are regional. Companies with multiple locations may find that their factories in Northern states rarely have thermal comfort issues.

article thumbnail

SMPS selects Craig Galati as president-elect

Construction Marketing Ideas

Oklahoma City, OK (Term: Sept. The SMPS board selected incoming president-elect Craig S. Galati, AIA, FSMPS, CPSM, p resident, LGA, Las Vegas, NV (Term: Sept. 1, 2015, to Aug. 31, 2018). Secretary/treasurer: Chris D. Rickman, FSMPS, CPSM, principal/business manager, ZFI Engineering Co., 1, 2015, to Aug. 1, 2015, to Aug.