Median listing price: $329,999
Percentage of households that can’t afford a home: 53.9 percent
Atlanta is one of the cities where home prices are skyrocketing. Another survey found that the median list price in Georgia’s capital and largest city has soared more than 50 percent since 2014.
As a result, the median household income in Atlanta — $53,843 — falls short of the annual income needed to pay the mortgage on a home with a median listing price of $329,999. It would take an annual income of $57,200 to pay a $1,430 monthly mortgage on a median-priced home.
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