17. Portland-Vancouver-Hillsboro, OR-WA
- Cost-burdened middle-class households: 36.1%
- Median home value: $357,000
- Median household income: $71,931
- Homeownership rate: 63.2%
Housing is far less affordable in the Portland metro area today than it has been in years past. As recently as 2013, the median home price in the area was 4.5 times greater than the median income. As of 2018, the median home price was 5.2 times greater.
Real estate prices are outpacing income growth likely due in part to increased demand driven by population growth. Over the same five year period, the number of people living in the metro area increased by 7.1% – far faster than the comparable national population growth of 3.8%.
Currently, 36.1% of middle income earners in Portland are spending more than 30% of their income on housing.
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.