San Francisco Among Least Affordable Housing Markets in US: Report

well moving to our making it in the bay series tonight a new look at what it would take to buy a home here compared to other areas of the state and country realty hop has released its housing affordability index for april 2021. these are the top five least affordable housing markets la number one followed by miami new york newark new jersey and san francisco comes in at number five now even though the median income in san francisco is more than a hundred and ten thousand dollars the median asking price for a home is more than 1.3 million that means a family looking to buy in the city would have to allocate almost 66 percent of their annual income to a mortgage payment and taxes not getting any easier

Channel: NBC Bay Area

Views: 715

Rating: 4.3684211 out of 5

Keywords: San Francisco, RealtyHop, housing market, San Francisco housing market, least affordable housing markets, making it in the bay

Id: MWXeY_pn6x0

Length: 0min 43sec (43 seconds)

Published: Mon Mar 29 2021