The "median" is the point where half are below it, half above it.http://www.cbsnews.com/news/why-the-odds-are-against-you-ever-owning-your-own-home/
By Jason Notte
Nov. 27, 2014
Is the housing crisis over? Somewhat. Does that mean you can afford a home? Probably not.
If you earn a median-income, you can afford a median-priced home in only 10 of the 25 largest U.S. metropolitan areas, according to a study by personal finance site Interest.com. Looking for some good news in there? Well consider it an improvement from last year, when median-income households couldn't afford mid-range homes in 17 out of 25 metro areas.
Still, 17 million Americans said they planned on buying a home this year, even though the median existing home price in the U.S. leapt past $220,000 for the first time since the housing crisis began.
Overall, median home prices rose 6 percent over the past year in all the areas surveyed, while incomes rose by about 2 percent. The only real break for middle class homebuyers came from mortgage rates, which Freddie Mac notes were down from 4.5 percent for a 30-year, fixed-rate mortgage in January to just 4 percent this month.