“Home prices are higher today than they were before the housing bubble. Because incomes have increased at a slower pace than housing prices, however, housing affordability has actually declined. Housing prices also vary considerably within states. To determine the county with the most expensive housing market in every state, 24/7 Wall St. reviewed median home prices as of the fourth quarter of 2016 from the National Association of Realtors. The typical home nationwide costs $235,000. Of the 3,119 counties measured, San Francisco County, California is the most expensive housing market. The typical home there sells for over $1 million. The counties with the most expensive housing markets are frequently within large metropolitan areas. In fact, 38 of the counties on this list are near urban centers.”
Click here to see the county with the most expensive housing market in every state.
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