Photo: A McLin
Trulia released its annual middle class housing study yesterday, showcasing the shifting home affordability landscape here in Seattle and how that compares to the rest of the country.
According to their data, 53% of Seattle-area homes currently for sale are affordable for people making $69,718/year, the city's median income.
First, the bad news. That's not as good as 2013, when 65% of the homes available were affordable to median income earners.
The good news? We're still way better off than folks in San Francisco (14%), Los Angeles (23%) and New York (25%). The median size of our affordable homes (1,300 sq. ft.) is also higher than most major cities.
Want to find more bang for your median buck? Try Tacoma, where the median size place is 1,500 sq. ft. and available to 66% of people earning the median income.
· Where Buying a Home is Within Reach of the Middle Class [Trulia]