Freddie Mac’s pick for most affordable U.S. metro? Decatur, Illinois

Decatur, Illinois is the most affordable metro area in the entire country, according to Freddie Mac’s latest quarterly analysis of housing affordability.

To make that determination, Freddie Mac compares median home prices, required monthly payments and the income available to make monthly payments in 163 U.S. metros. Other affordability factors include down payments, local taxes and insurance.

Click here to read more from Freddie Mac and find an interactive housing affordability map.

 

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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.