Move over, San Francisco—you can no longer claim the most expensive housing market in the nation. The San Francisco Chronicle reports the city has been "dethroned," by one a little further south, according to a recent report from real estate firm OJO Labs. The new most unaffordable metro area is San Diego, where the median sale price for a home rose 14.3% compared with January 2021. Although the median sale price for a home in the Bay Area exceeds $1 million, while San Diego's comes in at around $765,000, the Bay Area saw a 4.2% decrease in that cost from last year. Here are the top 10 least affordable markets in the US, along with the most affordable ones:
Least Affordable
- San Diego
- San Francisco-Oakland-San Jose, Calif.
- Los Angeles
- Mobile, Ala.-Pensacola (Fort Walton Beach), Fla.
- Boise, Idaho
- Miami-Fort Lauderdale, Fla.
- Las Vegas
- Sacramento-Stockton-Modesto, Calif.
- New York
- Phoenix
Most Affordable - Green Bay-Appleton, Wis.
- Cleveland-Akron (Canton), Ohio
- Buffalo, NY
- Detroit
- Pittsburgh
- Hartford-New Haven, Conn.
- Grand Rapids-Kalamazoo-Battle Creek, Mich.
- Fort Myers-Naples, Fla.
- Washington, DC (Hagerstown, Md.)
- Indianapolis
Check out these cities' median home price changes and affordability scores
here. (More
San Diego stories.)
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