8. Washington-Arlington-Alexandria, DC-VA-MD-WV
- Cost-burdened middle-class households: 51.3%
- Median home value: $400,000
- Median household income: $99,669
- Homeownership rate: 63.6%
Washington D.C. is one of only eight major U.S. metro areas where over half of all households earning between $45,000 and $74,999 annually spend at least 30% of their income on housing.
Washington is one of the fastest growing metro areas in the country population-wise, and growing demand is driving up housing costs. In the last five years, the number of people living in the region climbed by 7.1%, well above the 3.8% national population growth.
The lack of affordable housing for middle- and low-income residents is partially is also attributable to the high demand for luxury rentals, fueled by the city’s relatively large high-income population. Over 17% of households in the D.C. metro area earn $200,000 or more per year, well more than double the comparable 6.9% share of households nationwide.
2 thoughts on “18 U.S. Cities Where the Middle Class Can No Longer Afford Housing”
How about Coeur d’alene Id …No houses mobile home under $150,000 unless they are junk and in an outlying city This place sucks!!!
looks to me like most if not all are where the dims are in control.