Nassau/Suffolk NY: 3rd least affordable metro area
A 3-bed, 2-bath shingle-sided vintage home on 6.7 acres
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Median income: $97,100
Affordability score: 25.5%
Suburban Long Island is a bedroom community for many workers who commute daily to the business canyons of Manhattan, but the area also boasts many important home-grown businesses in tech, aerospace and science.
These days, when the median home sold for $391,000, it's tough for many working families to get their foot in the homebuying door on Long Island. During the last three months of 2008, only 25.5% of the homes sold were affordable to those earning median incomes.
Foreclosures have remained a minor problem with only about one out of every 100 households getting hit by foreclosure filings in 2008. That was almost unchanged from the year before
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Last updated February 26 2009: 12:46 PM ET
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