Wichita, KS is One of Nation's Most Affordable Housing Market according to the 6th Annual Demographia Housing Affordability Survey!
By Joel Weihe, Helping you to use your VA home loan benefits
(Realty World Alliance)
Wichita, KS ranks as one of the nation's affordable housing areas! The Frontier Centre for Public Policy put out its 6th Annual Demographia International Housing Affordability Survey and also expanded its reach to cover the US, Canada, Australia, the UK and New Zealand. Note the chart to the right, which indicates whether a market is Unaffordable or if the area is Affordable! They calculate this by calculating the “Median Multiple” (median house price divided by gross annual median household income) to rate whether housing is affordable. An Affordable housing area is one where the median house price is 3 times (or less) than the median household income in the area. Wichita, KS ranked in at an affordable 2.4 on their scale - our median house prices are roughly 2.4 times the median hou...
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