Atlanta came closest. It once again led the nation as the most affordable big city for housing, although its grade fell from an A to a B+. The city managed to stay on top despite a nearly 39% jump in the median home price, from $103,200 to 143,300.
Even with that increase, the median cost of a home in Atlanta remains significantly below the national average of $203,500.
"Atlanta is so affordable because we have no natural boundaries, unlike most cities, which gives us an unlimited supply of land, and because this land is less expensive and houses are less expensive," says Nancy See, president of the Atlanta Board of REALTORS®.
See adds that Atlanta also enjoys access to a plentiful nearby supply of building materials, including wood and brick.