Can You Guess the Highest Housing Market in California?
Another list has pegged San Francisco as the priciest place to live in California.
This one comes from 24/7 Wall St., which recently broke down the most expensive housing markets in every state. With a median home price of $1,087,599 and a median mortgage payment of $4,395, San Francisco climbed straight to the top. Median household income in San Francisco is $87,701, compared to $67,739 statewide, and 35.9% of its homes are valued at $1,000,000 or more.
24/7 Wall St. relied on National Association of Realtors data for the second quarter of 2017.
“The counties with the most expensive housing markets are frequently within large metropolitan areas,” according to the website. “In fact, 38 of the counties on this list are near urban centers. Large cities are often home to specialized jobs in some of the nation’s highest paying industries. The nation’s three most expensive housing markets are all counties in the San Francisco area, within commuting distance to high-paying technology jobs in Silicon Valley. Many other expensive housing markets are in the Northeast, near the urban centers of New York, Philadelphia, and the District of Columbia.”
For a full list of the most expensive housing market in all 50 U.S. states, click here.