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America’s 25 least affordable housing markets: California home to 17 of them

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  • Housing affordability in the United States is getting worse, with some experts even calling it a crisis. According to a new housing report, median home prices in the first quarter of 2019 were not affordable for average wage earners in over 70% of the nationrsquo;s largest counties.1 of 26
  • strong25. Bronx County, New York/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 12.2%br /strongbull; Income needed to buy a house:/strong $125,670br /strongbull; Avg. annual wages:/strong $54,418br /strongbull; Q1 median sales price:/strong $445,000br /strongbull; Housing units:/strong 524,4882 of 26
  • strong24. Nassau County, New York/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 12.2%br /strongbull; Income needed to buy a house:/strong $150,591br /strongbull; Avg. annual wages:/strong $62,270br /strongbull; Q4 median sales price:/strong $510,000br /strongbull; Housing units:/strong 471,0313 of 26
  • strong23. Riverside County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 12.2%br /strongbull; Income needed to buy a house:/strong $104,462br /strongbull; Avg. annual wages:/strong $45,071br /strongbull; Q4 median sales price:/strong $370,000br /strongbull; Housing units:/strong 826,7044 of 26
  • strong22. Placer County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 12.0%br /strongbull; Income needed to buy a house:/strong $123,384br /strongbull; Avg. annual wages:/strong $55,536br /strongbull; Q4 median sales price:/strong $462,000br /strongbull; Housing units:/strong 159,6675 of 26
  • strong21. San Diego County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 11.3%br /strongbull; Income needed to buy a house:/strong $143,102br /strongbull; Avg. annual wages:/strong $61,269br /strongbull; Q4 median sales price:/strong $540,250br /strongbull; Housing units:/strong 1,195,8686 of 26
  • strong20. El Dorado County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 11.2%br /strongbull; Income needed to buy a house:/strong $119,028br /strongbull; Avg. annual wages:/strong $49,699br /strongbull; Q4 median sales price:/strong $444,750br /strongbull; Housing units:/strong 89,2867 of 26
  • strong19. Los Angeles County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 11.0%br /strongbull; Income needed to buy a house:/strong $155,727br /strongbull; Avg. annual wages:/strong $64,350br /strongbull; Q4 median sales price:/strong $585,000br /strongbull; Housing units:/strong 3,506,9038 of 26
  • strong18. Richmond County, New York/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 10.5%br /strongbull; Income needed to buy a house:/strong $132,669br /strongbull; Avg. annual wages:/strong $51,337br /strongbull; Q4 median sales price:/strong $490,000br /strongbull; Housing units:/strong 179,1799 of 26
  • strong17. Alameda County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 10.2%br /strongbull; Income needed to buy a house:/strong $193,409br /strongbull; Avg. annual wages:/strong $75,556br /strongbull; Q4 median sales price:/strong $738,500br /strongbull; Housing units:/strong 596,89810 of 26
  • strong16. Santa Barbara County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 10.1%br /strongbull; Income needed to buy a house:/strong $143,137br /strongbull; Avg. annual wages:/strong $53,846br /strongbull; Q4 median sales price:/strong $535,000br /strongbull; Housing units:/strong 155,33911 of 26
  • strong15. San Mateo County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 10.0%br /strongbull; Income needed to buy a house:/strong $325,420br /strongbull; Avg. annual wages:/strong $125,580br /strongbull; Q4 median sales price:/strong $1,250,000br /strongbull; Housing units:/strong 275,10912 of 26
  • strong14. Napa County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 9.8%br /strongbull; Income needed to buy a house:/strong $147,487br /strongbull; Avg. annual wages:/strong $55,276br /strongbull; Q4 median sales price:/strong $562,500br /strongbull; Housing units:/strong 55,45613 of 26
  • strong13. Ventura County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 9.7%br /strongbull; Income needed to buy a house:/strong $151,656br /strongbull; Avg. annual wages:/strong $55,211br /strongbull; Q4 median sales price:/strong $571,000br /strongbull; Housing units:/strong 285,99714 of 26
  • strong12. San Francisco County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 9.2%br /strongbull; Income needed to buy a house:/strong $334,727br /strongbull; Avg. annual wages:/strong $115,466br /strongbull; Q4 median sales price:/strong $1,250,000br /strongbull; Housing units:/strong 390,37615 of 26
  • strong11. Orange County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 9.2%br /strongbull; Income needed to buy a house:/strong $184,022br /strongbull; Avg. annual wages:/strong $62,478br /strongbull; Q4 median sales price:/strong $677,000br /strongbull; Housing units:/strong 1,081,70116 of 26
  • strong10. Honolulu County, Hawaii/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 9.2%br /strongbull; Income needed to buy a house:/strong $148,894br /strongbull; Avg. annual wages:/strong $52,455br /strongbull; Q4 median sales price:/strong $573,246br /strongbull; Housing units:/strong 346,37417 of 26
  • strong9. Sonoma County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 9.1%br /strongbull; Income needed to buy a house:/strong $156,249br /strongbull; Avg. annual wages:/strong $53,677br /strongbull; Q4 median sales price:/strong $591,000br /strongbull; Housing units:/strong 207,90818 of 26
  • strong8. Monterey County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 8.9%br /strongbull; Income needed to buy a house:/strong $144,726br /strongbull; Avg. annual wages:/strong $47,736br /strongbull; Q4 median sales price:/strong $538,750br /strongbull; Housing units:/strong 140,54819 of 26
  • strong7. Queens County, New York/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 8.7%br /strongbull; Income needed to buy a house:/strong $169,514br /strongbull; Avg. annual wages:/strong $55,068br /strongbull; Q4 median sales price:/strong $630,000br /strongbull; Housing units:/strong 850,42220 of 26
  • strong6. San Luis Obispo County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 8.5%br /strongbull; Income needed to buy a house:/strong $148,744br /strongbull; Avg. annual wages:/strong $47,684br /strongbull; Q4 median sales price:/strong $560,000br /strongbull; Housing units:/strong 120,18221 of 26
  • strong5. Marin County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 7.3%br /strongbull; Income needed to buy a house:/strong $270,710br /strongbull; Avg. annual wages:/strong $73,554br /strongbull; Q4 median sales price:/strong $1,010,000br /strongbull; Housing units:/strong 112,60622 of 26
  • strong4. Maui County, Hawaii/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 7.2%br /strongbull; Income needed to buy a house:/strong $162,717br /strongbull; Avg. annual wages:/strong $45,266br /strongbull; Q4 median sales price:/strong $627,969br /strongbull; Housing units:/strong 72,09323 of 26
  • strong3. New York County, New York/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 6.7%br /strongbull; Income needed to buy a house:/strong $511,003br /strongbull; Avg. annual wages:/strong $124,462br /strongbull; Q4 median sales price:/strong $1,862,500br /strongbull; Housing units:/strong 872,64524 of 26
  • strong2. Santa Cruz County, California/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 6.6%br /strongbull; Income needed to buy a house:/strong $208,178br /strongbull; Avg. annual wages:/strong $51,077br /strongbull; Q4 median sales price:/strong $770,000br /strongbull; Housing units:/strong 105,58625 of 26
  • strong1. Kings County, New York/strongbr /strongbull; Annual wages as pct. of median sales price:/strong 6.3%br /strongbull; Income needed to buy a house:/strong $197,830br /strongbull; Avg. annual wages:/strong $47,788br /strongbull; Q4 median sales price:/strong $760,000br /strongbull; Housing units:/strong 1,028,38326 of 26

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To determine the 25 least affordable housing markets in the United States, 24/7 Wall St. reviewed county-level data from ATTOM Data Solutions’ Q1 2019 U.S. Home Affordability Report. Counties were ranked based on the affordability ratio — median housing prices in the area relative to average annual wages. Home sale price data and the total number of housing units also came from ATTOM. The income needed to buy a house is calculated by assuming a 3% down payment and a 28% maximum “front-end” debt-to-income ratio.

Unlike the most affordable housing markets in the country, which are spread all across the country, almost all of the counties on this list are in New York state or California, which are home to many of the 25 metropolitan areas where residents struggle to afford their homes.

25. Bronx County, New York

• Annual wages as pct. of median sales price: 12.2%

• Income needed to buy a house: $125,670

• Avg. annual wages: $54,418

• Q1 median sales price: $445,000

• Housing units: 524,488

24. Nassau County, New York

• Annual wages as pct. of median sales price: 12.2%

• Income needed to buy a house: $150,591

• Avg. annual wages: $62,270

• Q4 median sales price: $510,000

• Housing units: 471,031

23. Riverside County, California

• Annual wages as pct. of median sales price: 12.2%

• Income needed to buy a house: $104,462

• Avg. annual wages: $45,071

• Q4 median sales price: $370,000

• Housing units: 826,704

22. Placer County, California

• Annual wages as pct. of median sales price: 12.0%

• Income needed to buy a house: $123,384

• Avg. annual wages: $55,536

• Q4 median sales price: $462,000

• Housing units: 159,667

21. San Diego County, California

• Annual wages as pct. of median sales price: 11.3%

• Income needed to buy a house: $143,102

• Avg. annual wages: $61,269

• Q4 median sales price: $540,250

• Housing units: 1,195,868

20. El Dorado County, California

• Annual wages as pct. of median sales price: 11.2%

• Income needed to buy a house: $119,028

• Avg. annual wages: $49,699

• Q4 median sales price: $444,750

• Housing units: 89,286

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19. Los Angeles County, California

• Annual wages as pct. of median sales price: 11.0%

• Income needed to buy a house: $155,727

• Avg. annual wages: $64,350

• Q4 median sales price: $585,000

• Housing units: 3,506,903

18. Richmond County, New York

• Annual wages as pct. of median sales price: 10.5%

• Income needed to buy a house: $132,669

• Avg. annual wages: $51,337

• Q4 median sales price: $490,000

• Housing units: 179,179

17. Alameda County, California

• Annual wages as pct. of median sales price: 10.2%

• Income needed to buy a house: $193,409

• Avg. annual wages: $75,556

• Q4 median sales price: $738,500

• Housing units: 596,898

16. Santa Barbara County, California

• Annual wages as pct. of median sales price: 10.1%

• Income needed to buy a house: $143,137

• Avg. annual wages: $53,846

• Q4 median sales price: $535,000

• Housing units: 155,339

15. San Mateo County, California

• Annual wages as pct. of median sales price: 10.0%

• Income needed to buy a house: $325,420

• Avg. annual wages: $125,580

• Q4 median sales price: $1,250,000

• Housing units: 275,109

14. Napa County, California

• Annual wages as pct. of median sales price: 9.8%

• Income needed to buy a house: $147,487

• Avg. annual wages: $55,276

• Q4 median sales price: $562,500

• Housing units: 55,456

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13. Ventura County, California

• Annual wages as pct. of median sales price: 9.7%

• Income needed to buy a house: $151,656

• Avg. annual wages: $55,211

• Q4 median sales price: $571,000

• Housing units: 285,997

12. San Francisco County, California

• Annual wages as pct. of median sales price: 9.2%

• Income needed to buy a house: $334,727

• Avg. annual wages: $115,466

• Q4 median sales price: $1,250,000

• Housing units: 390,376

11. Orange County, California

• Annual wages as pct. of median sales price: 9.2%

• Income needed to buy a house: $184,022

• Avg. annual wages: $62,478

• Q4 median sales price: $677,000

• Housing units: 1,081,701

10. Honolulu County, Hawaii

• Annual wages as pct. of median sales price: 9.2%

• Income needed to buy a house: $148,894

• Avg. annual wages: $52,455

• Q4 median sales price: $573,246

• Housing units: 346,374

9. Sonoma County, California

• Annual wages as pct. of median sales price: 9.1%

• Income needed to buy a house: $156,249

• Avg. annual wages: $53,677

• Q4 median sales price: $591,000

• Housing units: 207,908

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8. Monterey County, California

• Annual wages as pct. of median sales price: 8.9%

• Income needed to buy a house: $144,726

• Avg. annual wages: $47,736

• Q4 median sales price: $538,750

• Housing units: 140,548

7. Queens County, New York

• Annual wages as pct. of median sales price: 8.7%

• Income needed to buy a house: $169,514

• Avg. annual wages: $55,068

• Q4 median sales price: $630,000

• Housing units: 850,422

6. San Luis Obispo County, California

• Annual wages as pct. of median sales price: 8.5%

• Income needed to buy a house: $148,744

• Avg. annual wages: $47,684

• Q4 median sales price: $560,000

• Housing units: 120,182

5. Marin County, California

• Annual wages as pct. of median sales price: 7.3%

• Income needed to buy a house: $270,710

• Avg. annual wages: $73,554

• Q4 median sales price: $1,010,000

• Housing units: 112,606

4. Maui County, Hawaii

• Annual wages as pct. of median sales price: 7.2%

• Income needed to buy a house: $162,717

• Avg. annual wages: $45,266

• Q4 median sales price: $627,969

• Housing units: 72,093

3. New York County, New York

• Annual wages as pct. of median sales price: 6.7%

• Income needed to buy a house: $511,003

• Avg. annual wages: $124,462

• Q4 median sales price: $1,862,500

• Housing units: 872,645

2. Santa Cruz County, California

• Annual wages as pct. of median sales price: 6.6%

• Income needed to buy a house: $208,178

• Avg. annual wages: $51,077

• Q4 median sales price: $770,000

• Housing units: 105,586

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1. Kings County, New York

• Annual wages as pct. of median sales price: 6.3%

• Income needed to buy a house: $197,830

• Avg. annual wages: $47,788

• Q4 median sales price: $760,000

• Housing units: 1,028,383

24/7 Wall Street is a USA TODAY content partner offering financial news and commentary. Its content is produced independently of USA TODAY.

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