Runner up: San Francisco
This three-bed, one-bath is San Francisco's Portola section is selling for $699,888.
Median income: $98,400
Affordability score: 23.4%
Home prices in the Bay Area rose during the last three months of 2009, dropping the percentage of affordable homes sold to 23.4.
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 $585,000.
It's a good thing the area's median income comes to a whopping $98,400, among the highest in the nation. Unemployment, however, is growing, and the 11% rate for the metro area puts it well 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 May 24 2010: 1:00 PM ET
Source: National Association of Home Builders (NAHB) and Wells Fargo
