San Francisco Has Toughest Housing Market to Afford
According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, the San Francisco housing market is the toughest in the country to break into.
In the second quarter of 2014, only 11.1 percent of households earning the median local income of $100,400 could afford to purchase a median-priced home in the area. In comparison, 62.6 percent of households nationwide could afford to purchase a home at the national median price of $214,000.
Image via flickr/Román Emin