2. Oxnard-Thousand Oaks-Ventura, CA
- Cost-burdened middle-class households: 60.8%
- Median home value: $550,000
- Median household income: $82,857
- Homeownership rate: 62.8%
Oxnard-Thousand Oaks-Ventura is one of only two major U.S. metro areas where more than 60% of middle-class households spend over 30% of their income on housing. The metro area’s housing market has become far less affordable in recent years.
Currently, the typical home in the area is worth about 7.5 times the median household income, when as recently as 2013, the median home value was only 5.9 times greater than the median income.
Housing costs are so high in the area that even those in the highest income bracket are far more likely than typical to be burdened by housing costs. About 19% of households earning at least $75,000 a year in the area spend 30% or more of their income on housing, the second largest share of any major metro area and more than double the 7.4% share 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.