50% of Americans Can’t Afford a House in These 17 Cities

16. Nashville, Tenn.

Median listing price: $329,900
Percentage of households that can’t afford a home: 54 percent

The cost of living has been rising faster in Nashville this past year than in any other big city, another survey found. Surging home prices have played a big role in the city’s overall cost of living increase.

Given that the median home listing price is $329,000, it would take an annual income $57,040 to pay a monthly mortgage of $1,426. However, the median household income of $54,310 in Nashville falls short. As a result, more than half of households can’t afford a home in the capital and largest city of Tennessee.

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