Saturday, June 27, 2015

RealtyTrac Finds Best and Worst Markets for Low Down Payment Buyer Affordability and Accessibility

Michael Mahon
IRVINE, CA — RealtyTrac® (, the nation’s leading source for comprehensive housing data, today released a joint analysis with Down Payment Resource which examined affordability, median income, median home price and homeownership program availability in 370 U.S. counties with a population of at least 100,000 and where sufficient data was available and then ranked each county based on its affordability and accessibility for low down payment buyers such as first-time homebuyers and boomerang buyers.

Of the counties analyzed the top five highest for affordability and accessibility for low down payment buyers included Ashtabula, Ohio, Imperial, California in the El Centro metro area, Hernando, Florida in the Tampa metro area, Clayton, Georgia in the Atlanta metro area and Lackawanna, Pennsylvania in the Scranton metro area.

Other markets within the top 25 for affordability and accessibility score for low down payment borrowers included counties in Northern New Jersey, Pittsburgh and Allentown, Pennsylvania, Dayton, Ohio and Pensacola, Florida.

“The Ohio markets continue to provide affordable housing benefits for many boomerang and first time buyers. The region’s stability in price, and growth in jobs across the state, provides greater access for buyers to take advantage of lower down payment opportunities, as well as an increasing available inventory in new and existing communities,” said Michael Mahon, president at HER Realtors, covering the Cincinnati, Dayton and Columbus markets in Ohio.

“Unlike many market across the country, Ohio has remained at an affordable median housing price that enables many first time buyers and boomerang buyers to realize their dreams of homeownership.”

For a complete copy of the company’s news release, please contact:

Ginny Walker
949.502.8300, ext. 268

 Jennifer von Pohlmann
949.502.8300, ext. 139

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