The 5 most affordable cities in America — and the 5 'impossibly unaffordable' ones

If you asked most Americans how they felt about buying a house right now, it’d be a bleak conversation: Just 14% of consumers think that now is the time to purchase a home, a record low, according to the latest Fannie Mae Home Purchase Sentiment Index.

But for those who are house hunting, there are places where their endeavor may be easier than others. In their latest Demographia International Housing Affordability report, researchers from the Center for Demographics and Policy at Chapman University and the Frontier Centre for Public Policy looked at where buying a home is the least and most affordable. They ranked cities from “affordable” to “impossibly unaffordable,” with the first five listed in this slideshow falling into the “impossibly unaffordable” category.

Take a look at which cities made the list.