12. Seattle-Tacoma-Bellevue, WA
- Cost-burdened middle-class households: 41.6%
- Median home value: $420,000
- Median household income: $82,133
- Homeownership rate: 60.0%
Seattle is one of the fastest growing metro areas in the United States. In the last five years, the number of people living in the area climbed from 3.6 million to 3.9 million. The 8.9% population growth is more than double the national population growth over the same period of 3.8%.
The rapidly growing population has driven up demand for housing and likely contributed to reduced housing affordability. The typical area home is worth nearly six times the median income in the area, when as recently as 2013, the typical home was worth five times the median income.
Currently, over 40% of middle-income households in the metro area spend at least 30% of their income on housing, a larger share than in all but 11 other major metro areas.
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.