Visalia has the most affordable homes in the state, says study

Tuesday, January 29, 2019
FRESNO, Calif. (KFSN) -- Visalia has the most affordable homes in the state, according to a new study.

HomeArea.com looked at 142 California cities with a population of 60,000 or more, calculating what's called the "median multiple" for each one.
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The median multiple is the ratio of the median house price by the median gross household income.

RELATED: State Treasurer meets with local leaders about Central Valley housing crisis

Visalia's median multiple is a 3.6, putting it at the top of the list for most affordable homes in the state.
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Other Valley cities in the top 10 include Clovis and Bakersfield.

At the very bottom? The City of Newport Beach, whose median multiple is nearly three times higher than Visalia's.
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