A new study showed that while middle-income home prices are on the rise, more Americans in metropolitan areas have the purchasing power to buy a home currently on the market.
Reatlor.com reported 74 of 100 metro areas became more affordable in April, an increase from the previous month when only 44 saw improved affordability compared to last year.
The study compares the number of listings available that are considered affordable to people based on their median income.
Below are the top cities that saw the biggest improvements in the availability of affordable homes, showing a rise in income and real estate listed on the market, along with a decrease in home prices in their area, according to Realtor.com.
10. CHARLOTTE, NORTH CAROLINA
Median Home Price: $329,450
9. DALLAS-FORT WORTH, TEXAS
Median Home Price: $350,000
8. AUSTIN, TEXAS
Median Home Price: $369,995
7. CAPE CORAL-FORT MYERS, FLORIDA
Median Home Price: $299,900
6. PORTLAND, OREGON
Median Home Price: $474,975
5. ATLANTA, GEORGIA
Median Home Price: $335,000
4. LAKELAND-WINTER HAVEN, FLORIDA
Median Home Price: $231,500
3. SAN FRANCISCO-OAKLAND, CALIFORNIA
Median Home Price: $954,500
2. DES MOINES, CALIFORNIA
Median Home Price: $288,000
1. SAN JOSE-SUNNYVALE, CALIFORNIA
Median Home Price: $1,167,444