Some of the World's Most Affordable Housing Is in New York (Yes, Really)
Jan 22, 2018
Published Jan 22, 2018 at 8:49 AM | Updated at 9:23 AM EST on Jan 22, 2018
Everyone knows New York City is expensive, but outside the five boroughs the tri-state region actually offers a lot of value for the money.
In fact, a new study out Monday says that four of the world's 50 most affordable housing markets are in New York, and eight of the top 100 are in the tri-state. Demographia's 14th annual survey takes the median home price in a market and divides it by the median household income to get a ratio showing how hard it is for the average person to buy a house.
Scroll down to see the region's most affordable spots.