Least affordable: New York
This New York-area home sells for $575,000.
Median home price: $435,000
Median income: $65,600
Affordability score: 22.6%
New York real estate has gotten a lot more affordable lately, but it is still the least affordable market in the nation.
Staten Island, the isolated borough famous as the starting point for the New York City Marathon, has some of the nicest and most affordable stock of single-family homes in the city. Property values have held up very well here, especially in the Great Kills neighborhood where this house is found. Prices are down less than 5% from their peaks, according to Zillow.com.
Not that the New York metro area housing market doesn't face challenges. Median income isn't as high as you would expect considering the high home prices.
Still, many New Yorkers will strive to afford to buy a well-kept three bedroom, three bath home like this one, with hardwood floors, a fireplace and a top-grade kitchen in a nice neighborhood with good public schools. For further information: Trulia
Median income: $65,600
Affordability score: 22.6%
New York real estate has gotten a lot more affordable lately, but it is still the least affordable market in the nation.
Staten Island, the isolated borough famous as the starting point for the New York City Marathon, has some of the nicest and most affordable stock of single-family homes in the city. Property values have held up very well here, especially in the Great Kills neighborhood where this house is found. Prices are down less than 5% from their peaks, according to Zillow.com.
Not that the New York metro area housing market doesn't face challenges. Median income isn't as high as you would expect considering the high home prices.
Still, many New Yorkers will strive to afford to buy a well-kept three bedroom, three bath home like this one, with hardwood floors, a fireplace and a top-grade kitchen in a nice neighborhood with good public schools. For further information: Trulia
NEXT: Runner-up: San Francisco
Last updated November 19 2010: 1:44 PM ET
