The Free Press is reporting that mortgage consulting firm HSH.com has completed a study of regional housing affordability and determined that metro Detroit is one of the cheapest places in the country to buy a home.
According to the study, people in the Detroit area making $35,521.47 can afford to purchase a home at the region's median value. Only three cities (Cincinnati, Cleveland, St. Louis, and Pittsburgh) were more affordable.
For a complete ranking of housing affordability among U.S. cities,
click here.
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