Housing prices in Poughkeepsie have been rising steadily as the city situated on the bank of the Hudson River just north of New York City has gone through a revival of sorts in recent years. The typical person living in Poughkeepsie earns around $47,000 per year, according to Census data. Meanwhile, the median sale price of a home in the city is $333,000
Like Poughkeepsie, Stamford’s proximity to New York has made it a magnet for wealthy individuals looking to move out of the crowded city The median income in Stamford is nearly $97,000 annually, per the most recent Census data, and the typical home in the metro area lists for $600,000.
More than a third of homeowners in many of California’s most populous metros are considered mortgage-burdened. It is home to an exceptionally wealthy tranche of Americans due to the concentration of high-paying tech jobs in the region. The median annual income in San Francisco County in 2020 was nearly $120,000
In Honolulu, a greater share of homeowners are mortgage-burdened than even San Francisco. In the capital city on the island of Oahu’s south shore, the typical household earns around $87,000 annually and the median home is listed for $700,000.
Most might figure New York City to be the most unaffordable place one could own a home in the U.S.—and its proportion of mortgage-burdened homeowners is high. The median home in New York is selling for $860,000 today. The city suffers from an acute shortage of housing, placing upward pressure on rental costs as well as mortgages.