Midwest affordability has outlasted a century of U.S. home price cycles
American home prices have changed dramatically over the past hundred years. Against that backdrop, the Midwest has held its position as a bastion of affordability, with one city in the region maintaining a place among the most…
Key takeaways
- One Midwest city has ranked among the most affordable in the United States for more than 134 years.
- The Midwest has maintained its position as a bastion of affordability despite a century of dramatic changes in American home prices.
- The region's sustained affordability across the full century appears structural rather than episodic.
- Broader U.S. price cycles have moved sharply over the century and apply to the Midwest as to every other market.
- A long record of affordability describes the past and does not by itself determine future conditions.
American home prices have changed dramatically over the past hundred years. Against that backdrop, the Midwest has held its position as a bastion of affordability, with one city in the region maintaining a place among the most affordable in the country for more than 134 years.
A span of that length covers multiple generations of buyers and multiple turns in the national housing cycle. The Midwest's sustained position at the affordable end of the American market across the full century reads as structural rather than episodic.
The macro caveat stands regardless. Broader U.S. price cycles have moved sharply over the century in question, and those cycles apply to the Midwest as to every other market. A long record of affordability is history; what follows depends on conditions the record alone does not determine.
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