Counties with the Lowest Home Affordability in 2009
Martha’s Vineyard, Massachusetts is known as a playground of the affluent, but its year-round residents need to pay a pretty penny, as Dukes County ranks near last in this gauge of homeowner affordability.
Percent of owner-occupied housing units valued at or less than roughly three times of the Area Median Income for a four-person family in 2009. For example, a family with an income of $30,000 could afford to purchase a home valued at less than $80,000. Area Median Income is the median income for a family of a specified size within the county (if the area is located outside of a metropolitan area) or metropolitan area (if the area is located within a metropolitan area), as published by HUD.
Percent of all homes that are likely affordable for a 4-person family earning
100% of AMI in 2009
| County, State |
Percent of all homes that are likely affordable for a 4-person family earning 100% of AMI |
|
|---|---|---|
| Nantucket County, MA | 0.92% | |
| Dukes County, MA | 2.58% | |
| Maui County, HI | 3.73% | |
| Bergen County, NJ | 4.65% | |
| Morris County, NJ | 4.78% | |
| Richmond County, NY | 4.92% | |
| San Benito County, CA | 5.07% | |
| Putman County, NY | 5.13% | |
| Marin County, CA | 5.53% | |
| San Mateo County, CA | 6.07% |
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