These are the only 4 cities in America where average renters can afford a starter home — and 2 places where they fall more than $100K short

In the study, Point2 looked at homes that fall in the bottom third of all the properties available in that market for 50 American cities, based on Zillow data. Then, using the personal finance rule that your mortgage payment should never be more than 30% of your gross monthly income, Point2 rated the affordability of an entry-level home in each of those cities.

So if you’re on the hunt for a starter home, here are four places Point2 found offer the best bang for your buck.

Detroit

Starter homes in Detroit came in at a median price of $48,129, making them far more affordable to local residents and renters.

Here, the average income of renters came in at $25,004. Meanwhile, the income required to afford a starter home would be just $19,103.

Tulsa

Although Tulsa, Oklahoma, is second on the list, home values here see a significant spike compared to the Motor City. Here, the median starter home came in at $95,481, which is almost double the Detroit prices.

However, renters make on average about $10,000 more than their Detroit counterparts, with an average income at $35,039. And that’s more than enough to get into the market — they would only need $29,524 to be able to afford a starter home.

Memphis

Memphis, Tennessee starts to become a little less affordable, with starter homes costing less than Tulsa, but Memphians also get paid less than Tulsans.

Here, the median starter home costs $87,714, and renters make an average of $30,093. Still, renters would only need to make $27,966 to afford a starter home.

Oklahoma City

Finally, Oklahoma City, Oklahoma, really starts to heat the list up, surging past that $100,000 mark.

Here the median price for a starter home costs $126,442, with the average renter making $37,211. This is just above what they would need to afford a starter home, at $37,071. That’s really pushing the term “affordability” to its upper limit.

Where to avoid

While these were the most affordable places to seek out a starter home, the list also identifies places where aspiring homeowners are likely to be left out in the cold. The top two here should come as no surprise.