ZipRealty Releases List of Most Affordable Housing Markets of 2013

EMERYVILLE, CA– ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the leading online technology-enabled residential real estate brokerage company, has released a list of the 10 most affordable housing markets of 2013 based on ZipRealty’s analysis of two years of authoritative MLS data and U.S. Census Bureau information.

The evaluation compared median home sale prices in 30 metropolitan areas to median household income levels in those same cities. Those metropolitan areas with the lowest ratios of home price to household income were deemed to be the most affordable areas for purposes of the study.

 Below is a list of the Top 10 Most Affordable Housing Markets with the current ratio of median home sales prices to median household income. 

1)     Dallas-Fort Worth          5.27x

2)     Houston                        5.43x

3)     Minneapolis                  5.50x

4)     Orlando                        5.89x

5)     Las Vegas                    5.98x

6)     Raleigh, N.C.                 6.03x

7)     Austin                           6.13x

8)     Denver                          6.31x

9)     Nashville                       6.47x

10)  Phoenix                        6.59x

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

Stacey Corso

Public Relations Manager

ZipRealty, Inc.

www.ziprealty.com

Follow us on Twitter: @ZipRealty