More than 60% of all U.S. homes sold during the last three months of 2008 were affordable – meaning that a family making the national median of $61,500 a year would pay 28% or less of their total income toward housing expenses.
At 62.4% affordable, the figure is up considerably from 56.1% in the previous quarter and 46.6% at the end of 2007, according to the report.
Indianapolis boasts a full 93% of all homes sold being affordable to median family households.
Read the full article at CNNMoney.com.
This should make you feel glad you live on the southside of Indianapolis.