Syracuse ranks eighth in nation for housing affordability, according to CNN Money | The Post-Standard By | The Post-Standard The Post-Standard
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on May 30, 2012 at 3:37 PM, updated May 30, 2012 at 7:06 PM
View full sizeThe sun rises over the ice skating rink at Clinton Square, Syracuse, NY.

CNN Money has named Syracuse the eighth most affordable U.S. city to buy a home.

According to CNN, the median home price in Syracuse is $106,000. The median household income is $66,900 and the affordability score is 90.6 percent. That means that 90.6 percent of households can afford the median-priced home in Central New York.

The article says that the metro area has seen less than a 2% increase in population since 2000, compared with nearly 10% nationally. This means that there is very little competition for housing.

CNN Money's "Most affordable U.S. cities to buy a home"

1. Indianapolis
2. Dayton, Ohio
3. Lakeland, Fla.
4. Modesto, Calif.
5. Grand Rapids, Mich.
6. Buffalo, N.Y.
7. Ogden, Utah
8. Syracuse, N.Y.
9. Akron, Ohio
10. Cincinnati