AZ Central recently noted that Phoenix has lost its spot as one of the top 10 affordable U.S. metro areas.

The ranking, conducted by national mortgage firm HSH.com, used a collection of home price, average salaries, mortgage rate, property tax, and homeowner insurance data in order to figure out where the most affordable markets in America are located.

Per the results, Phoenix metro homebuyers must earn $48,426 a year to afford a $248,900 median-priced home, assuming a 20 percent down payment on a loan with a four percent interest rate. At these numbers, the monthly payment would be around $1,130. Buyers only able to purchase with a 10 percent down payment would need to earn $56,658 annually. All of these numbers put Phoenix at No. 19 overall in the rankings.

According to the data from 2016, although the median household income was $58,075 for Phoenix, the ranking dropped because incomes have not kept up with rising home prices. Phoenix home prices continue to outpace the U.S. average with an 8.2 percent year-over-year jump, according to Inman. 

Despite the drop in rankings, Phoenix continues to be the most affordable city in the western states, beating out Las Vegas by one spot and towering over San Jose, San Francisco, and San Diego, the most unaffordable cities included in the list.