Advertiser Disclosure

In These 15 Metro Areas, You Can Afford a Home on a $50,000 Income

Oct. 19, 2015
Home Affordability, Home Search, Mortgages
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

Across the country, the homeownership rate has sunk to a level not seen since the 1960s. For many, especially millennials and other age groups, too, the biggest obstacle to buying a home is a perceived lack of affordability. In 2013, Fannie Mae found that 58% of renters earning from $25,000 to $50,000 thought getting a mortgage would be “difficult.”

While home prices have increased in recent years, many metropolitan areas still have a supply of housing that’s affordable for most Americans. Current renters may be surprised to learn that homeownership is a goal within reach, even for those making $50,000, which is below the national median household income of about $59,000 for 25- to 44-year-olds, according to data from the U.S. Census Bureau.

Home affordability calculator

Using NerdWallet’s home affordability calculator, we examined 15 metropolitan areas across the U.S. where the suggested home price for a household making $50,000 is equal to or higher than the median home price.

Best FHA Streamline Refinance Lenders of 2018


Use our data-driven matching service to connect with the agent that’s right for you.


Our affordability calculator lets you include factors like debt and savings to determine how much house you can really afford.

Below, in alphabetical order, the list shows 15 metro areas where you could afford a home with a $50,000 income. Each metro area also includes the suggested home price and a picture of a local listing at

Abilene, Texas

Affordable home price: $242,185 

Abilene Texas How much house can I afford

4925 Brantley Circle, Abilene, TX 79606

Amarillo, Texas

Affordable home price: $233,846

Amarillo Texas how much house can I afford?

6829 Glenoak Lane, Amarillo, TX 79109 

Battle Creek, Michigan

Affordable home price: $299,787

Battle Creek Michigan how much house can I afford?

 37 Sunnyside Drive, Battle Creek, MI 49015

Bloomington, Illinois

Affordable home price: $270,019

Bloomington IL how much house can I afford?

 1703 Whitmer Court, Bloomington, IL 61704

Bloomsburg, Pennsylvania

Affordable home price: $266,558

Bloomsburg how much house can I afford?

299 Oak Lane, Bloomsburg, PA 17815 

Columbia, South Carolina

Affordable home price: $267,332

Columbia SC how much house can I afford?

3214 Devereaux Road, Columbia, SC 29205 

Dubuque, Iowa

Affordable home price: $258,971

 Dubuque IA how much house can I afford?

 544 Hilltop Court, Durango, IA 52039

Elmira, New York

Affordable home price: $258,563

Elmira NY how much house can I afford?

48 Liberty Way, Horseheads, NY 14845 

Fayetteville, North Carolina

Affordable home price: $266,924

Fayetteville NC how much house can I afford?

Sanborne Plan, Liberty Hill, Fayetteville, NC 28311 

Indianapolis, Indiana

Affordable home price: $274,318

Indianapolis IN how much house can I afford?

 2572 Wayward Wind Drive, Indianapolis, IN 46239

Jackson, Mississippi

Affordable home price: $275,629

Jackson Missouri how much house can I afford?

912 Newland St., Jackson, MS 39211 

Johnstown, Pennsylvania

Affordable home price: $294,027

 Johnstown PA how much house can i afford?

52 Rose St.,  Johnstown, PA 15905

Oshkosh, Wisconsin

Affordable home price: $246,935

Osh Kosh Wisconsin how much house can I afford?

 2371 Katy Court, Oshkosh, WI 54904

St. Cloud, Minnesota

Affordable home price: $263,163

 Saint Cloud Minnesota how much house can I afford?

 3026 15th Ave. S., St. Cloud, MN 56301

Wausau, Wisconsin

Affordable home price: $254,952

Wausau Wisconsin how much house can I afford?

 2607 Fern Lane, Wausau, WI 54401


To determine the affordable home price for a household with an income of $50,000 a year, we used location-based data from NerdWallet’s home affordability calculator.

The home price assumes a buyer can make a 20% down payment. The calculations are based on preset expenditure values, which aren’t necessarily based on median figures.

Individuals looking to buy a home should adjust the calculator to their personal financial circumstances. Unemployment and crime risk were taken into account when selecting the metro areas.

Image of Texas via iStock.