Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

7 of 10
BACKNEXT
San Francisco Calif: 2nd least affordable metro area
San Francisco Calif.
$575,000: A 1-bed, 1.5-bath condo in the heart of the city.
See More Views:
1 2 3
Median home price: $575,000
Median income: $94,300
Affordability score: 20.6%

Home prices have been in steady decline in the Bay area since the second quarter of 2006, when the median house sold for $769,000, according to the NAHB-Wells Fargo Housing Opportunity Index.

Even though median income, at $94,500, is among the highest in the nation, the median price of $575,000 during the last three months of 2008 meant only 20.6% of homes sold were affordable for the typical San Francisco metro area family.

Unlike most California housing markets, San Francisco's has, so far, managed to avoid a widespread foreclosure problem; only 7,200 households had foreclosure filings last year, fewer than 1% of all households. Still, that's double the rate of 2007.

NEXT: Nassau/Suffolk NY: 3rd least affordable metro area
Last updated February 26 2009: 12:46 PM ET
More Galleries
A look at Sears through the years Now Sears has officially said its business has an uncertain future, here's a look at photographs that documents the store's rich history. More
Coolest hotel bars for business travelers in 2017 CNNMoney asked a high-end concierge service for routine business travelers what hotel bars they'd recommend in 4 major U.S. cities. Here are the best spots. More
Top credit cards for business travelers 2017 Just like a pair of pants, there's no 'one size fits all' when it comes to the best credit cards for travelers. More

Special Offer