These Upstate cities an easy drive from NYC have been ranked the most affordable in the US

Northwest of the notoriously pricey Big Apple, there are two cities among the most reasonably priced in the nation.

Each city was ranked based on a price-to-income ratio that divides the median house price by the median household income.An aerial view of Buffalo, which came in equal fifth place in the study. The current listing price in that city is $215,000.Rochester — which currently has an average listing price of $159,900— lost out on the crown to Pittsburgh, Pennsylvania, which wasJoe and Jill Biden refinanced their Delaware home 20 times — raking in $4.

Of the 94 cities across the eight examined countries, New York City ranked 77th when it came to affordability.The most unaffordable housing market was Hong Kong, followed by Sydney, Australia. “For decades, home prices generally rose at about the same rate as income, and homeownership became more widespread. But affordability is disappearing in high-income nations as housing costs now far outpace income growth,” they continued.Significantly to blame are land use and urban containment policies such as greenbelts and growth boundaries that restrict housing supply and drive up land prices, making homeownership unattainable for many.

Buffalo New York Rochester Study Says

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