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

10. New Orleans

Median listing price: $300,000
Percentage of households that can’t afford a home: 65.4 percent

Although New Orleans has the lowest median home listing price on this list, it’s still not low enough for more than 65 percent of the city’s households to afford a home. The city’s median household income of $38,681 isn’t high enough to pay the monthly mortgage of $1,308 for a house with a median listing price of $300,000. It would actually take an annual income of $53,320 to comfortably make a mortgage payment of that size.

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