Sacramento and Merced Now Considered “Unaffordable” for Homebuyers

Everyone knows how insane the housing market is in places like San Francisco and Los Angeles. But real estate is skyrocketing in previously affordable places too — places with lower wages that are lagging behind the increase in home costs.

MoneyGeek has listed 26 U.S. counties that have become “unaffordable” for homebuyers in the past three years. The list includes just two California counties where things have become untenable recently: Sacramento and Merced.

Sacramento has seen home prices increase 40.8% in the last 3 years. Home costs as a percentage of income in Sacramento are now 74%. Housing in Merced has appreciated 44.7%. Home costs in Merced are now 67% of income.

The good news is that no California counties made the top 10. In the past three years, the places becoming least affordable are out of state: Ada County, Idaho; Collier County, Florida; Travis County, Texas; Williamson County, Texas; Washoe County, Nevada; Douglas County, Colorado; Davis County, Utah; Larimer County, Colorado; Salt Lake County, Utah; and Kitsap County, Washington.

Read more about the U.S. counties that have recently become affordable for homebuyers here.

List and data were compiled by MoneyGeek and do not reflect statistics on all counties.


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