Tag Archives: Rent

US Median Home Price 2015

Posted on by under Demography, Economics

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Above is a map of the top 100 metropolitan areas by population in the United States colored and sized according to the median home price. The larger the bubble, the higher the house price. Also, there are color tiers – Red the highest, Orange upper-mid, Green middle, Blue lower-mid, and purple lowest. The national average home price was $215,000.

In 2015, the metro area with the highest median home price is San Jose, CA at $900,000, followed by San Francisco-Oakland at $850,000, Los Angeles at $590,000, New York City at $585,000, and Oxnard at $507,000. The five lowest metro areas by median home price were Akron, OH at $93,000, St. Louis, MO at $89,900, Youngstown, OH at $88,500, McAllen, TX at $85,000, and Dayton, OH at $63,000.

 

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Cities and Affordability

Posted on by under Demography, Economics

POST_Afford cities.png

Above is a map displaying median home prices by city and the salary needed to afford living there. Most of the mid-west and south have affordable housing requiring income’s below the US average. (Currently US average income is around $53,750) The most expensive cities to live in are located in the northeast and in California. Current data indicates that San Francisco is the most expensive city to afford with a needed salary of $147,996. This is followed by San Diego at $103,165, Los Angeles at $95,040, New York at $86,770, Boston at $83,151, Washington DC at $78,626, and Seattle at $78,425.