OKC metro ranks No. 6 nationally for overall housing affordability

• Among U.S. metros with more than 1 million population, Oklahoma City ranked 6th for the least expensive homes among the largest metros.
• The Porch.com determined overall housing affordability by examining the extent to which middle-income households face substantial housing challenges.
• One of the key indicators that housing experts consider when evaluating affordability in the market is the share of households spending at least 30% of their income on housing.
  30% of their income on housing .

Source: Porch.com, 2021. A rank of 1 is most favorable.

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com or contact Eric Long, Research Economist – 297-8976; elong@okcchamber.com.

This article originally appeared in the November 2021 edition of the VeloCity newsletter.