Nearly two-thirds of the UK has become more affordable to homebuyers over the past year, according to the analysis.
The Yorkshire Building Society, which looked at official household pay and house prices, found that 64% of homes in the country have become more affordable in the last year.
Despite improvements in affordability, average real estate prices in some areas are 20 times higher than the local average wage.
In other places, a house usually costs three times the income.
And the purchase of a home in almost half (49%) of the municipal areas is in the view of the company still less affordable than before the financial crisis.
Yorkshire Building Society strategic economist Nitesh Patel said: "Housing prices have increased by an average of 43% since 2009 – twice as fast as revenue (21%) over the same period.
"The difficulty of buying a home is one of the reasons house sales did not pick up in the last year, although some of the main drivers for the housing market remain positive.
"The longer-term prospects for people who want to buy a house remain to be seen.
"Housing demand remains strong and supply is limited, so real estate prices could rise faster than profits in the short to medium term.
"This can continue to cause problems for home buyers, especially those who buy their first home."
Research has shown that the affordability of housing in parts of London and south-east England has improved significantly over the past year, with areas such as South Buckinghamshire, Sevenoaks, Tower Hamlets, Watford and Canterbury becoming more affordable compared to local wages.
Copeland in northwest England, Blaenau Gwent in Wales and the Shetland Islands in Scotland are among the areas where housing affordability has worsened relative to wages – although many of these areas are relatively affordable compared to some other parts of the UK.
In the UK, house prices are typically 7.72 times the wage.
The least affordable part of the country is Westminster in London, where real estate costs nearly 20 times the average wage.
The most affordable is Burnley in Lancashire, where the average home costs three times the typical local income.
According to the Yorkshire Building Society, these are the top 10 areas with the biggest improvements in housing affordability in the last year, with the average ratio of housing price to profit in the third quarter of 2019 and the percentage change in the ratio over the previous year are -year. (A minus percentage means that affordability has improved, a positive value means affordability has deteriorated):
1. South Buckinghamshire, southeast, 13.68, down 24%
2. Runnymede, southeast, 10.49, down 20%
3rd Eden, Northwest, 7.06, minus 18%
4. Sevenoaks, southeast, 11.32, down 17%
= 5. Lewes, southeast, 9.81, down 14%
= 5. Bracknell Forest, Southeast, 9.43, down 14%
7. Daventry, East Midlands, 8.39, down 13%
8. Tower Hamlets, London, 10.23, down 12%
= 9. Canterbury, Southeast, 8.65, down 11%
= 9. Watford, East Anglia, 10.15, down 11%
According to the Yorkshire Building Society, in the third quarter of 2019, the top 10 areas where housing affordability has deteriorated the most in the third quarter of 2019 have been compared with an average ratio of housing price to revenue and a percentage change in the ratio deteriorated to last year
1. Copeland, Northwest, 3.68, 32%
2. Blaenau Gwent, Wales, 3.97, 14%
3. Shetland, Scotland, 5.48, 12%
4. Harborough, East Midlands, 8.73, 11%
5. Pembrokeshire, Wales, 7.40, 10%
= 6. North Devon, Southwest, 10.44, 9%
= 6. Bridgend, Wales, 5.61, 9%
= 8. North Kesteven, East Midlands, 7.35, 8%
= 8. South Derbyshire, East Midlands, 6.30, 8%
= 8. Waldheide, east of England, 8.47, 8%
According to the Yorkshire Building Society, these are the 10 least affordable communities with the average house price to income ratio and percentage change over the previous year:
1. City of Westminster, London, 20.44, down 8%
2nd Camden, London, 19.76, down 1%
3. Hammersmith and Fulham, London, 17.37, down 7%
4. Three rivers, east of England, 15.88, 5%
5. Hackney, London, 15.72, down 3%
6. Haringey, London, 15.36, down 8%
7. Brent, London, 15.27, down 9%
8. Richmond upon Thames, London, 15.26, down 2%
9. Ealing, London, 15.11, 4%
10. Islington, London, 14.86, 0%
And here are the ten most favorable municipalities with the average house price to income ratio, followed by the percentage change from the previous year:
1. Burnley, Northwest, 3.05, down 8%
2. East Ayrshire, Scotland, 3.38, 5%
3. North Ayrshire, Scotland, 3.61, 3%
4. Copeland, Northwest, 3.68, 32%
5. North Lanarkshire, Scotland, 3.70, down 3%
6. County Durham, Northeast, 3.75, down 5%
7. Renfrewshire, Scotland, 3.82, down 4%
8. Barrow-in-Furness, Northwest, 3.83, 5%
9. Inverclyde, Scotland, 3.92, 5%
10. Hyndburn, Northwest, 3.94, down 9%