Census says income growth lowering barriers for new homeowners

Lower income markets outpaced in regard to income growth percentage
  • Lower income markets saw the highest year-over-year percentage growth in income.
  • Fresno and Bakersfield, California, were the only two cities in California to make the top 10 list of highest income growth, despite the higher income markets of San Francisco and San Jose.
  • Income-to-home price ratio in Houston is nearly 50 percent, whereas the same ratio in San Francisco is 10 percent.

The U.S. Census Bureau released it’s yearly American Community Survey for 2015, showing median income increased 5.2 percent nationwide between 2014 and 2015.