According the National Association of Home Builders (NAHB) and Wells Fargo, homes in the Cincinnati metropolitan area are less affordable than they were this summer, but are performing slightly better than their national counterparts.

The Housing Opportunity Index (HOI), which is a quarterly product of both the NAHB and Wells Fargo, is a study of 215 national markets that measures of the percentage of homes sold that are affordable to those with the median family income in that given area.

The median family income for Cincinnati's Metropolitan Statistical Area (MSA) was computed as $63,600.

A HOI of 73.7 with a median home price of $140,000 puts Cincinnati 37th nationally and 27th in the region, which includes 38 cities in Indiana, Illinois, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Ohio and Wisconsin.

In terms of affordability, the metro trails all of the MSAs in Ohio except for Sandusky.

In the 2nd Quarter of 2007, the HOI was 76.5 on a median home price of $135,000, yet the City ranked 39th nationally - a reflection of higher mortgage rates affecting some of the more unstable housing markets.

The all-time high HOI for Cincinnati was 83.6 on a $125,000 median home price in the 1st Quarter of 2002.

Nationally, 42 percent of all homes sold were deemed affordable to a family with a median income of $59,000.

Indianapolis led all large cities with a HOI of 87.5.

View the NAHB press release