CNNMoney names Lincoln 16th-most affordable housing market

From the Lincoln Journal Star:

Lincoln is the 16th-most affordable housing market in the country, according to CNNMoney.com.

The website recently named its top 25 markets based on how well median income matches up to median home prices.

According to CNNMoney, Lincoln has a median household income of $67,613 and a median home price of $125,000.

“As in other heartland housing markets, the Nebraska capital enjoyed steady, unspectacular home price appreciation during the boom and has suffered little in the bust,” the website said in explaining Lincoln’s rank. “Buyers can expect to pay around $200,000 for a nice three-bedroom house.”

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