4. Bridgeport-Stamford-Norwalk, CT
- Cost-burdened middle-class households: 56.8%
- Median home value: $400,000
- Median household income: $91,198
- Homeownership rate: 66.8%
Nearly 57% of middle-class households in Bridgeport-Stamford-Norwalk are housing cost burdened, the largest share of any metro area outside of California. Unlike most metro areas on this list, however, housing in the Bridgeport metro area has gotten more affordable in recent years.
As recently as 2013, the median home value in the metro area was 5.5 times higher than the median income. As of 2018, the typical home was worth just 4.8 times the median income.
Incomes in the area may be rising faster than property values due to the relatively low growth in demand for housing. In the last five years, the number of people living in the metro area increased by just 1.7% – less than half the comparable national population growth of 3.8%.
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.