Many renters in Toledo, Ohio, could be buyers, but for whatever reason, they aren’t.
The National Association of Realtors Economists’ Outlook blog conducted a study of nearly 100 of the largest metro areas across the country and found the cities where renters could afford to buy.
Toledo led the pack, as 46.3 percent of renters have the income to qualify for a home purchase, much higher than the national average of 28 percent. Several of the top ten markets are located in the Midwest and South, with three in Ohio.
The site also sorted the markets by categories like median household income, qualifying income, share of qualified renters, and extra income.