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
Runner up: San Francisco
Runner up: San Francisco
This sweet Edwardian row house in the Mission with 2 bedrooms and 1 bath lists for $599,000.
Median home price: $625,000
Median income: $96,800
Affordability score: 22.3%

Home prices in the Bay Area rose during the last three months of 2009, dropping the percentage of affordable homes sold to 22.3.

Still, prices are way off from the heady days of 2006, when a median-priced house sold for $769,000, according to the NAHB-Wells Fargo Housing Opportunity Index. Now the median home is only $625,000.

It's a good thing the area's median income comes to a whopping $96,800, among the highest in the nation. Unemployment, however, is growing, and the 10.1% rate for the metro area puts it above the national average.

That has contributed to the foreclosures that continue to plague the Bay Area. RealtyTrac figures show a total of more than 54,000 homes with filings in 2009.

NEXT: Third place: Honolulu
Last updated February 19 2010: 7:45 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Google's logos through the years Google changed its logo for the fifth time in 17 years this week. Here's what the old ones looked like. More
How much you should have saved for retirement right now Joe is 50 years old and makes $70,000 a year. He should already have $364,000 saved for retirement. Are you on track? More
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More

Special Offer