In a revealing study from CoreLogic, a striking trend in the U.S. housing market has been identified. The widening income gap between local homebuyers and those moving in from other metro areas. Focusing on 20 most impacted U.S. cities, the analysis sheds light on how this disparity is affecting housing affordability and reshaping community dynamics. Whether you’re a homebuyer, a real estate professional, or simply interested in urban economic trends, this data provides valuable insights into the changing face of American cities.
Detroit-Warren-Dearborn, MI
The income disparity is 40%, with out-of-metro buyers earning $10,190 compared to $7,275 for local applicants.
Anchorage, AK
Out-of-metro buyers here earn $12,227 monthly, 44% more than the $8,497 average for locals.
Las Vegas-Henderson-Paradise, NV
The income gap is 44%, with out-of-metro buyers earning $12,611 monthly versus $8,786 for locals.
Nashville-Davidson-Murfreesboro-Franklin, TN
Out-of-metro homebuyers earn $13,772 monthly, 45% more than the $9,502 average for locals.
Augusta-Richmond County, GA-SC
The income disparity is 46%, with out-of-metro buyers earning $9,088 compared to $6,230 for locals.
Memphis, TN-MS-AR
Out-of-metro buyers earn $11,373 monthly, 46% more than the $7,806 average for local homebuyers.
Pittsburgh, PA
The income gap is 50%, with out-of-metro buyers earning $11,408 monthly versus $7,621 for locals.
Fayetteville-Springdale-Rogers, AR
Out-of-metro homebuyers earn $12,084 monthly, 52% more than the $7,966 average for locals.
Des Moines-West Des Moines, IA
The income disparity is 53%, with out-of-metro buyers earning $10,013 compared to $6,557 for local applicants.
Salisbury, MD-DE
Out-of-metro buyers here earn $10,271 monthly, 53% more than the $6,708 average for locals.
Grand Rapids-Kentwood, MI
The income gap is 53%, with out-of-metro buyers earning $10,633 monthly versus $6,939 for locals.
Cincinnati, OH-KY-IN
Out-of-metro buyers earn $11,200 monthly, 56% more than the $7,167 average for local homebuyers.
Kansas City, MO-KS
Here, the income difference is 58%, with out-of-metro buyers earning $11,470 compared to $7,270 for locals.
Boise, ID
Out-of-metro homebuyers earn $13,515 monthly, 59% higher than the local average of $8,508.
Corpus Christi, TX
The average monthly income for out-of-metro buyers is $10,897, 60% more than the $6,816 for locals.
Naples-Marco Island, FL
A 60% income disparity exists here, with out-of-metro buyers earning $18,655 monthly compared to $11,674 for local applicants.
Reno, NV
Out-of-metro applicants have an average income of $14,983, 60% higher than the $9,348 average for locals.
New Orleans-Metairie, LA
The income gap is 61%, with out-of-metro buyers earning $12,038 monthly versus $7,476 for locals.
Louisville/Jefferson County, KY-IN
Here, out-of-metro buyers earn about $11,120 monthly, 64% more than the $6,774 average income of local homebuyers.
Miami-Fort Lauderdale-Pompano Beach, FL
Out-of-metro homebuyers in this area earn significantly more, with an average monthly income of $18,971 compared to $11,305 for locals, marking a 68% difference.
