8th Annual Demographia International Housing Affordability Survey 31 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 306 73 24 Australia Adelaide 6.7 $385,000 $57,300 241 6 Australia Albury-Wodonga 4.8 $274,000 $57,200 276 15 Australia Alice Springs 5.5 $440,000 $79,600 276 15 Australia Ballarat 5.5 $285,000 $52,200 274 14 Australia Bendigo 5.4 $277,500 $51,700 293 68 21 Australia Brisbane 6.0 $427,500 $71,500 237 4 Australia Bunbury 4.6 $362,500 $78,600 296 23 Australia Bundaberg 6.2 $270,000 $43,600 265 10 Australia Cairns 5.2 $350,500 $67,400 249 7 Australia Canberra 4.9 $513,000 $105,100 319 30 Australia Coff's Harbor 8.3 $354,000 $42,500 294 22 Australia Darwin 6.1 $507,250 $82,500 265 10 Australia Devonport-Burnie 5.2 $257,000 $49,200 315 27 Australia Geelong 7.1 $390,000 $55,300 318 29 Australia Gold Coast 7.6 $470,000 $61,900 290 19 Australia Hobart 5.9 $345,000 $58,900 231 3 Australia Launceston 4.5 $272,300 $60,900 281 17 Australia Mackay 5.6 $410,000 $73,300 290 19 Australia Mandurah 5.9 $367,300 $62,700 320 78 31 Australia Melbourne 8.4 $567,000 $67,700 221 1 Australia Mildura, VIC 4.2 $207,000 $49,300 306 24 Australia Newcastle-Maitland 6.7 $365,000 $54,300 285 65 18 Australia Perth 5.7 $450,000 $78,900 255 8 Australia Rockingham 5.1 $312,000 $61,600 221 1 Australia Shepparton, VIC 4.2 $236,000 $55,600 317 28 Australia Sunshine Coast 7.5 $430,000 $57,000 323 79 32 Australia Sydney 9.2 $637,600 $69,400 272 13 Australia Tamworth 5.3 $259,000 $48,600 240 5 Australia Toowoomba 4.7 $275,000 $58,400 255 8 Australia Townsville 5.1 $358,000 $70,500 265 10 Australia Wagga Wagga 5.2 $293,000 $56,300 310 26 Australia Wollongong 6.9 $403,000 $58,200 Median 5.6 313 34 Canada Abbotsford, BC 7.0 $443,700 $63,000 175 16 Canada Barrie, ON 3.5 $264,500 $75,200 144 10 Canada Brantford, ON 3.2 $209,400 $64,500 206 42 26 Canada Calgary, AB 3.9 $353,700 $91,400 99 6 Canada Charlottetown, PEI 2.9 $186,000 $63,400 175 34 16 Canada Edmonton, AB 3.5 $293,000 $84,100 33 2 Canada Fredericton, NB 2.4 $146,400 $61,900 175 16 Canada Guelph, ON 3.5 $265,500 $75,200 175 16 Canada Halifax, NS 3.5 $227,200 $64,200 221 29 Canada Hamilton, ON 4.2 $292,700 $69,000 303 32 Canada Kelowna, BC 6.6 $385,100 $58,100 185 21 Canada Kingston, ON 3.6 $227,000 $63,300 8th Annual Demographia International Housing Affordability Survey 32 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 191 22 Canada Kitchener, ON 3.7 $270,400 $72,900 144 10 Canada London, ON 3.2 $201,500 $63,700 47 3 Canada Moncton, NB 2.5 $146,000 $59,100 255 58 30 Canada Montreal, QC 5.1 $281,700 $54,700 191 37 22 Canada Ottawa-Gatineau, ON-QC 3.7 $282,500 $75,900 198 24 Canada Peterborough, ON 3.8 $225,800 $60,000 198 24 Canada Quebec, QC 3.8 $214,800 $56,500 153 12 Canada Regina, SK 3.3 $244,000 $74,200 113 8 Canada Saguenay, QC 3.0 $157,500 $52,900 60 4 Canada Saint John, NB 2.6 $149,500 $57,500 175 16 Canada St. John's, NL 3.5 $238,900 $68,900 208 27 Canada Saskatoon, SK 4.0 $274,700 $68,300 153 12 Canada St. Catherines-Niagara, ON 3.3 $201,800 $60,500 208 27 Canada Sherbrooke, QC 4.0 $192,200 $48,200 153 12 Canada Sudbury, ON 3.3 $203,800 $62,700 60 4 Canada Thunder Bay, ON 2.6 $158,800 $61,200 276 64 31 Canada Toronto, ON 5.5 $406,400 $73,600 113 8 Canada Trois-Rivieres, QC 3.0 $136,800 $46,300 324 80 35 Canada Vancouver, BC 10.6 $678,500 $63,800 309 33 Canada Victoria, BC 6.8 $417,300 $61,600 16 1 Canada Windsor, ON 2.2 $149,900 $67,900 164 15 Canada Winnipeg, MB 3.4 $210,200 $62,700 99 6 Canada Yellowknife, NWT 2.9 $374,500 $127,900 Median 3.5 325 81 1 China Hong Kong 12.6 $3,148,000 $249,000 153 3 Ireland Cork 3.3 €145,000 €44,000 164 33 4 Ireland Dublin 3.4 €178,000 €52,000 113 2 Ireland Galway 3.0 €132,000 €44,000 164 4 Ireland Limerick 3.4 €143,000 €42,000 90 1 Ireland Waterford 2.8 €119,000 €43,000 Median 3.3 299 71 8 N.Z. Auckland 6.4 $464,400 $72,500 298 7 N.Z. Christchurch 6.3 $354,600 $55,900 265 5 N.Z. Dunedin 5.2 $249,700 $47,900 241 2 N.Z. Hamilton-Waikato 4.8 $303,900 $62,700 241 2 N.Z. Napier-Hastings 4.8 $265,300 $55,200 216 1 N.Z. Palmerston North-Manawatu 4.1 $231,700 $56,800 290 6 N.Z. Tauranga-Western Bay of Plenty 5.9 $334,100 $56,600 255 4 N.Z. Wellington 5.1 $370,000 $72,000 Median 5.2 276 23 U.K. Aberdeen 5.5 £168,600 £30,800 237 5 U.K. Belfast 4.6 £119,200 £26,000 8th Annual Demographia International Housing Affordability Survey 33 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 249 55 10 U.K. Birmingham & West Midlands 4.9 £126,600 £25,600 255 58 14 U.K. Blackpool & Lancashire 5.1 £119,300 £23,300 321 33 U.K. Bournemouth & Dorsett 8.7 £215,800 £24,700 288 67 26 U.K. Bristol-Bath 5.8 £186,500 £31,900 254 13 U.K. Cardiff 5.0 £128,500 £25,900 241 52 6 U.K. Derby & Derbyshire 4.8 £127,000 £26,300 208 1 U.K. Dundee 4.0 £110,100 £27,200 281 25 U.K. Edinburgh 5.6 £153,200 £27,200 221 2 U.K. Falkirk 4.2 £105,000 £25,300 249 55 10 U.K. Glasgow 4.9 £118,600 £24,300 241 52 6 U.K. Hull & Humber 4.8 £124,000 £25,600 231 49 3 U.K. Leeds & West Yorkshire 4.5 £126,000 £27,900 255 14 U.K. Leicester & Leicestershire 5.1 £145,500 £28,400 265 61 20 U.K. Liverpool & Merseyside 5.2 £120,000 £23,000 310 75 30 U.K. London (GLA) 6.9 £290,000 £41,800 299 71 27 U.K. London Exurbs (E & SE England) 6.4 £207,000 £32,100 241 52 6 U.K. Manchester & Greater Manchester 4.8 £123,000 £25,700 241 6 U.K. Middlesborough & Durham 4.8 £108,400 £22,400 265 61 20 U.K. Newcastle & Tyneside 5.2 £123,000 £23,700 276 23 U.K. Newport 5.5 £147,300 £26,700 255 14 U.K. Northampton & Northamptonshire 5.1 £150,500 £29,700 249 55 10 U.K. Nottingham & Nottinghamshire 4.9 £123,400 £25,400 255 14 U.K. Perth 5.1 £150,000 £29,200 316 77 32 U.K. Plymouth & Devon 7.4 £179,500 £24,200 231 49 3 U.K. Sheffield & South Yorkshire 4.5 £114,000 £25,200 255 58 14 U.K. Stoke on Trent & Staffordshire 5.1 £131,200 £25,600 255 14 U.K. Swansea 5.1 £120,700 £23,900 313 31 U.K. Swindon & Wiltshire 7.0 £183,900 £26,400 302 29 U.K. Telford & Shropshire 6.5 £161,200 £24,900 299 27 U.K. Warrington & Cheshire 6.4 £162,500 £25,500 265 20 U.K. Warwickshire 5.2 £173,000 £33,300 Median 5.1 9 9 U.S. Akron, OH 2.0 $93,600 $47,000 175 155 U.S. Albany, NY 3.5 $198,600 $56,400 185 160 U.S. Albuquerque, NM 3.6 $173,400 $47,900 164 147 U.S. Allentown, PA-NJ 3.4 $193,800 $56,300 90 85 U.S. Amarillo, TX 2.8 $131,000 $46,900 60 57 U.S. Anchorage, AK 2.6 $188,100 $72,300 60 57 U.S. Ann Arbor, MI 2.6 $145,900 $56,500 12 12 U.S. Appleton, WI 2.1 $117,600 $56,500 198 170 U.S. Asheville, NC 3.8 $163,500 $42,600 7 2 7 U.S. Atlanta, GA 1.9 $101,900 $53,800 216 182 U.S. Atlantic City, NJ 4.1 $220,600 $53,200 24 23 U.S. Augusta, GA 2.3 $106,400 $45,500 175 34 155 U.S. Austin, TX 3.5 $195,200 $56,400 8th Annual Demographia International Housing Affordability Survey 34 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 79 74 U.S. Bakersfield, CA 2.7 $123,000 $46,000 185 36 160 U.S. Baltimore, MD 3.6 $238,800 $65,500 285 202 U.S. Barnstable Town, MA 5.7 $318,900 $55,900 164 147 U.S. Baton Rouge, LA 3.4 $167,200 $48,800 129 118 U.S. Beaumont, TX 3.1 $129,400 $41,800 198 170 U.S. Bellingham, WA 3.8 $191,300 $50,500 60 57 U.S. Binghamton, NY 2.6 $120,500 $46,500 153 29 140 U.S. Birmingham, AL 3.3 $146,400 $44,700 47 45 U.S. Boise City ID 2.5 $119,800 $47,800 272 63 198 U.S. Boston, MA-NH 5.3 $367,700 $68,800 288 204 U.S. Boulder, CO 5.8 $360,100 $62,600 221 186 U.S. Bremerton, WA 4.2 $239,900 $56,900 281 200 U.S. Bridgeport, CT 5.6 $421,900 $75,700 206 176 U.S. Brownsville, TX 3.9 $123,800 $32,100 60 11 57 U.S. Buffalo, NY 2.6 $123,700 $46,900 249 197 U.S. Burlington, VT 4.9 $270,100 $55,400 12 12 U.S. Canton, OH 2.1 $88,700 $42,800 16 16 U.S. Cape Coral-Fort Myers, FL 2.2 $99,500 $44,400 60 57 U.S. Cedar Rapids, IA 2.6 $142,000 $54,400 153 140 U.S. Champaign, IL 3.3 $154,900 $46,400 216 182 U.S. Charleston, SC 4.1 $201,200 $48,600 99 93 U.S. Charleston, WV 2.9 $130,100 $44,400 113 23 105 U.S. Charlotte, NC-SC 3.0 $171,000 $57,400 113 105 U.S. Chattanooga, TN-GA 3.0 $128,700 $42,800 153 29 140 U.S. Chicago, IL 3.3 $187,700 $57,700 221 186 U.S. Chico, CA 4.2 $175,000 $42,100 33 4 32 U.S. Cincinnati, OH-KY-IN 2.4 $126,800 $52,100 33 32 U.S. Clarksville, TN 2.4 $103,000 $42,700 33 4 32 U.S. Cleveland, OH 2.4 $113,600 $46,700 164 147 U.S. College Station, TX 3.4 $123,800 $36,400 191 165 U.S. Colorado Springs, CO 3.7 $193,700 $52,300 113 105 U.S. Columbia, SC 3.0 $139,700 $45,900 47 45 U.S. Columbus, GA-AL 2.5 $131,500 $51,600 47 8 45 U.S. Columbus, OH 2.5 $131,500 $51,600 144 133 U.S. Corpus Christi, TX 3.2 $135,600 $42,500 90 18 85 U.S. Dallas-Fort Worth, TX 2.8 $151,800 $55,100 33 32 U.S. Davenport, IA-IL 2.4 $112,400 $46,800 24 23 U.S. Dayton, OH 2.3 $100,900 $44,300 60 57 U.S. Deltona-Daytona Beach, FL 2.6 $109,700 $42,000 208 43 177 U.S. Denver, CO 4.0 $235,600 $59,400 99 93 U.S. Des Moines, IA 2.9 $157,900 $55,300 2 1 2 U.S. Detroit, MI 1.4 $66,500 $48,700 47 45 U.S. Duluth, MN 2.5 $105,500 $42,600 164 147 U.S. Durham, NC 3.4 $166,900 $48,500 191 165 U.S. El Paso, TX 3.7 $135,700 $36,400 24 23 U.S. Elkhart, IN 2.3 $97,700 $42,200 60 57 U.S. Erie, PA 2.6 $112,500 $43,000 8th Annual Demographia International Housing Affordability Survey 35 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 231 192 U.S. Eugene, OR 4.5 $182,800 $40,700 9 9 U.S. Evansville, IN 2.0 $90,200 $44,800 113 105 U.S. Fargo, ND-MN 3.0 $150,900 $50,600 16 16 U.S. Fayetteville, AR-MO 2.2 $100,300 $45,600 60 57 U.S. Fayetteville, NC 2.6 $112,000 $43,900 4 4 U.S. Flint, MI 1.7 $67,000 $39,300 129 118 U.S. Florence, SC 3.1 $116,600 $38,100 208 177 U.S. Fort Collins, CO 4.0 $220,000 $54,800 12 12 U.S. Fort Smith, AR-OK 2.1 $79,500 $38,400 129 118 U.S. Fresno, CA 3.1 $140,000 $45,700 9 9 U.S. Ft. Wayne, IN 2.0 $95,700 $47,500 129 118 U.S. Gainesville, FL 3.1 $148,200 $47,500 24 23 U.S. Grand Rapids, MI 2.3 $111,200 $47,600 113 105 U.S. Greeley, CO 3.0 $155,000 $52,500 79 74 U.S. Green Bay, WI 2.7 $135,700 $49,600 129 118 U.S. Greensboro, NC 3.1 $127,300 $41,600 175 155 U.S. Greenville, SC 3.5 $149,100 $43,100 33 32 U.S. Gulfport, MS 2.4 $103,100 $42,300 47 45 U.S. Hagerstown, MD-WV 2.5 $127,700 $51,100 60 57 U.S. Harrisburg, PA 2.6 $141,000 $54,600 191 37 165 U.S. Hartford, CT 3.7 $232,900 $63,800 60 57 U.S. Hickory, NC 2.6 $103,200 $39,800 24 23 U.S. Holland, MI 2.3 $122,500 $53,700 321 211 U.S. Honolulu, HI 8.7 $599,700 $69,300 33 32 U.S. Houma, LA 2.4 $114,900 $48,700 99 19 93 U.S. Houston, TX 2.9 $159,500 $54,500 47 45 U.S. Huntington, WV-KY-OH 2.5 $90,600 $36,400 175 155 U.S. Huntsville, AL 3.5 $127,600 $36,200 60 11 57 U.S. Indianapolis, IN 2.6 $129,400 $49,400 144 133 U.S. Jackson, MS 3.2 $137,100 $43,000 79 16 74 U.S. Jacksonville, FL 2.7 $139,400 $50,900 33 32 U.S. Kalamazoo, MI 2.4 $104,200 $44,100 47 8 45 U.S. Kansas City, MO-KS 2.5 $135,900 $54,500 144 133 U.S. Kennewick, WA 3.2 $181,300 $57,000 60 57 U.S. Killeen , TX 2.6 $128,400 $50,300 144 133 U.S. Kingsport, TN-VA 3.2 $110,800 $35,100 153 140 U.S. Knoxville, TN 3.3 $144,000 $43,600 16 16 U.S. Lafayette, LA 2.2 $106,000 $47,300 24 23 U.S. Lakeland, FL 2.3 $95,000 $41,600 231 192 U.S. Lancaster, PA 4.5 $162,300 $36,000 4 4 U.S. Lansing, MI 1.7 $80,100 $48,300 47 45 U.S. Laredo, TX 2.5 $89,500 $36,200 90 85 U.S. Las Cruces, NM 2.8 $98,900 $35,600 33 4 32 U.S. Las Vegas, NV 2.4 $122,700 $52,000 3 3 U.S. Lexington, KY 1.6 $144,200 $89,400 129 118 U.S. Lincoln, NE 3.1 $134,100 $42,900 90 85 U.S. Little Rock, AR 2.8 $128,400 $46,500 8th Annual Demographia International Housing Affordability Survey 36 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 129 118 U.S. Longview, TX 3.1 $126,600 $41,500 285 65 202 U.S. Los Angeles, CA 5.7 $324,800 $57,300 113 23 105 U.S. Louisville, KY-IN 3.0 $136,900 $45,200 90 85 U.S. Lubbock, TX 2.8 $120,300 $42,600 144 133 U.S. Lynchburg, VA 3.2 $135,100 $41,700 33 32 U.S. Macon, GA 2.4 $92,400 $37,900 198 170 U.S. Madison, WI 3.8 $220,100 $58,200 129 118 U.S. Manchester, NH 3.1 $216,800 $69,100 90 85 U.S. McAllen, TX 2.8 $96,900 $34,100 129 118 U.S. Medford, OR 3.1 $127,800 $40,600 60 11 57 U.S. Memphis, TN-MS-AR 2.6 $119,300 $45,900 79 74 U.S. Merced, CA 2.7 $115,000 $42,900 216 45 182 U.S. Miami-West Palm Beach, FL 4.1 $187,600 $45,900 198 40 170 U.S. Milwaukee, WI 3.8 $192,300 $50,300 47 8 45 U.S. Minneapolis-St. Paul, MN-WI 2.5 $160,300 $63,100 33 32 U.S. Mobile, AL 2.4 $98,800 $40,400 79 74 U.S. Modesto, CA 2.7 $129,000 $48,600 99 93 U.S. Montgomery, AL 2.9 $132,000 $46,000 164 147 U.S. Myrtle Beach, SC 3.4 $143,600 $42,000 164 147 U.S. Naples, FL 3.4 $183,500 $53,300 99 19 93 U.S. Nashville, TN 2.9 $140,500 $48,500 216 182 U.S. New Haven, CT 4.1 $235,400 $57,700 153 29 140 U.S. New Orleans, LA 3.3 $155,300 $46,700 296 70 206 U.S. New York, NY-NJ-PA 6.2 $389,600 $62,600 129 118 U.S. Norwich, CT 3.1 $194,800 $63,000 16 16 U.S. Ocala, FL 2.2 $80,900 $37,500 113 105 U.S. Ogden, UT 3.0 $128,800 $42,800 99 19 93 U.S. Oklahoma City, OK 2.9 $135,600 $46,800 164 147 U.S. Olympia, WA 3.4 $208,700 $61,700 47 45 U.S. Omaha, NE-IA 2.5 $138,200 $54,700 79 16 74 U.S. Orlando, FL 2.7 $127,800 $47,000 274 199 U.S. Oxnard-Ventura, CA 5.4 $390,000 $72,700 24 23 U.S. Palm Bay-Melbourne, FL 2.3 $109,600 $46,800 129 118 U.S. Pensacola, FL 3.1 $139,300 $44,500 60 57 U.S. Peoria, IL 2.6 $132,600 $51,600 191 37 165 U.S. Philadelphia, PA-NJ-DE-MD 3.7 $219,600 $58,700 16 3 16 U.S. Phoenix, AZ 2.2 $113,700 $50,900 60 11 57 U.S. Pittsburgh, PA 2.6 $121,300 $47,200 60 57 U.S. Port St. Lucie, FL 2.6 $107,300 $41,800 198 170 U.S. Portland, ME 3.8 $219,600 $57,200 221 46 186 U.S. Portland, OR-WA 4.2 $223,200 $53,700 113 105 U.S. Poughkeepsie, NY 3.0 $207,200 $68,000 99 93 U.S. Prescott, AZ 2.9 $116,900 $40,700 229 47 190 U.S. Providence, RI-MA 4.3 $224,900 $52,500 33 32 U.S. Provo, UT 2.4 $131,300 $54,800 33 32 U.S. Racine, WI 2.4 $125,800 $52,000 198 40 170 U.S. Raleigh, NC 3.8 $224,300 $58,500 8th Annual Demographia International Housing Affordability Survey 37 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 90 85 U.S. Reading, PA 2.8 $146,600 $52,300 113 105 U.S. Reno-Sparks, NV 3.0 $153,800 $51,300 229 47 190 U.S. Richmond, VA 4.3 $177,900 $41,300 144 27 133 U.S. Riverside-San Bernardino, CA 3.2 $172,100 $54,100 113 105 U.S. Roanoke, VA 3.0 $140,000 $46,100 33 4 32 U.S. Rochester, NY 2.4 $123,400 $50,800 12 12 U.S. Rockford, IL 2.1 $96,900 $46,000 99 19 93 U.S. Sacramento, CA 2.9 $166,600 $56,900 1 1 U.S. Saginaw, MI 1.3 $56,200 $42,400 60 11 57 U.S. Saint Louis, MO-IL 2.6 $131,700 $51,500 153 140 U.S. Salem, OR 3.3 $153,400 $46,100 237 195 U.S. Salinas, CA 4.6 $255,000 $55,100 129 25 118 U.S. Salt Lake City, UT 3.1 $182,600 $58,100 129 25 118 U.S. San Antonio, TX 3.1 $156,200 $50,800 294 69 205 U.S. San Diego, CA 6.1 $369,800 $60,600 306 73 209 U.S. San Francisco-Oakland, CA 6.7 $491,900 $73,800 310 75 210 U.S. San Jose, CA 6.9 $587,500 $84,900 303 207 U.S. San Luis Obispo, CA 6.6 $360,000 $54,600 241 196 U.S. Santa Barbara, CA 4.8 $276,000 $57,400 303 207 U.S. Santa Cruz, CA 6.6 $408,000 $61,800 281 200 U.S. Santa Rosa, CA 5.6 $333,000 $59,700 185 160 U.S. Sarasota-Bradenton, FL 3.6 $166,400 $45,800 79 74 U.S. Savannah, GA 2.7 $128,800 $47,300 79 74 U.S. Scranton-Wilkes Barre, PA 2.7 $115,300 $42,800 231 49 192 U.S. Seattle, WA 4.5 $286,200 $63,800 208 177 U.S. Shreveport, LA 4.0 $164,000 $41,200 79 74 U.S. Sioux Falls, SD 2.7 $144,500 $52,600 16 16 U.S. South Bend, IN 2.2 $94,800 $42,500 99 93 U.S. Spartanburg, SC 2.9 $124,100 $42,300 175 155 U.S. Spokane, WA 3.5 $166,700 $47,600 24 23 U.S. Springfield, IL 2.3 $119,500 $51,000 208 177 U.S. Springfield, MA 4.0 $197,500 $49,800 79 74 U.S. Springfield, MO 2.7 $108,700 $40,500 113 105 U.S. Stockton, CA 3.0 $153,800 $50,600 47 45 U.S. Syracuse, NY 2.5 $127,600 $50,300 185 160 U.S. Tallahassee, FL 3.6 $150,100 $42,000 144 27 133 U.S. Tampa-St. Petersburg, FL 3.2 $138,800 $44,000 7 7 U.S. Toledo, OH 1.9 $80,300 $42,000 24 23 U.S. Topeka, KS 2.3 $104,600 $45,900 191 165 U.S. Trenton, NJ 3.7 $263,200 $71,800 99 93 U.S. Tucson, AZ 2.9 $131,100 $44,800 99 93 U.S. Tulsa, OK 2.9 $132,500 $45,000 99 93 U.S. Tuscaloosa, AL 2.9 $120,700 $41,500 129 118 U.S. Tyler, TX 3.1 $133,300 $43,700 16 16 U.S. Utica, NY 2.2 $103,700 $47,100 113 105 U.S. Vallejo, CA 3.0 $189,300 $64,100 153 29 140 U.S. Virginia Beach-Norfolk, VA-NC 3.3 $190,000 $58,000 8th Annual Demographia International Housing Affordability Survey 38 SCHEDULE 2 National Housing Affordability Rankings Using Median Multiple (Median House Price/Median Household Income) 2011 – 3rd Quarter (September Quarter) International Affordability Rank Major Market Affordability Rank National Affordability Rank Nation Metropolitan Market Median Multiple Median Price Median Household Income 79 74 U.S. Visalia, CA 2.7 $116,500 $43,900 129 118 U.S. Waco, TX 3.1 $123,800 $39,600 208 43 177 U.S. Washington, DC-VA-MD-WV 4.0 $340,900 $85,500 113 105 U.S. Wichita, KS 3.0 $120,900 $40,100 221 186 U.S. Wilmington, NC 4.2 $190,000 $45,300 90 85 U.S. Winston-Salem, NC 2.8 $120,300 $43,100 164 147 U.S. Worcester, MA 3.4 $213,500 $61,900 185 160 U.S. Yakima, WA 3.6 $147,700 $41,100 47 45 U.S. York, PA 2.5 $144,700 $57,000 4 4 U.S. Youngstown, OH-PA 1.7 $68,300 $39,700 Median 3.0 Financial data in local currency England and Wales data: 2011, 2nd Quarter 8th