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.

8 of 10
Nassau/Suffolk NY: 3rd least affordable metro area
Nassau/Suffolk N.Y.
A 3-bed, 2-bath shingle-sided vintage home on 6.7 acres
See More Views:
1 2 3
Median home price: $391,000
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

NEXT: Los Angeles Calif: 4th least affordable metro area
Last updated February 26 2009: 12:46 PM ET
More Galleries
Driving the ultimate in '50s Mercedes-Benz style The SC was the car that re-introduced Mercedes-Benz as a global luxury car icon. More
Driving the world's first car Driving a replica of the 1886 Benz Patent Motorwagen, the first internal combustion automobile. More
Your guide to Cyber Monday sales This year, more Cyber Monday sales than ever start well before Monday. Here's where to shop if you don't get your fill on Black Friday. More

Special Offer