When it comes to the most expensive cities for homeownership, San Francisco and its thriving tech scene means you need to earn at least $147,996 to own a home in the city, the median price of which is $781,600. On the opposite end of the spectrum is Detroit: You’d only need $36, 915 a year to own a $148,667 home in the motor city.
Surprisingly, since the foreclosure crisis in the mid-aughts, the NAR found that the “sales price of existing single-family homes in the U.S. has increased steadily since 2013 ($197,400) and 2014 ($208,900). That equates to a 13% increase over two years.”
That said, have a look at the map above, and take solace in the fact that there’s no major housing bubble developing here at the moment.