OKC metro ranks No. 6 nationally for overall housing affordability

Published: Friday, November 19, 2021 By: Eric Long Source: VeloCity Newsletter

  • Among U.S. metros with more than 1 million population, Oklahoma City ranked 6th for the least expensive homes among the largest metros.
  • The Porch.com determined overall housing affordability by examining the extent to which middle-income households face substantial housing challenges.
  • One of the key indicators that housing experts consider when evaluating affordability in the market is the share of households spending at least 30% of their income on housing.
    30% of their income on housing .

Source: Porch.com, 2021. A rank of 1 is most favorable.

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com or contact Eric Long, Research Economist – 297-8976; elong@okcchamber.com.

This article originally appeared in the November 2021 edition of the VeloCity newsletter.

Back to top