Cities Where The Majority of Americans Can’t Afford a Home

In many large cities, more than 50% of households cannot afford a home

Los Angeles, CA – Jan. 2, 2018 (PRNewswire) Six cities on the U.S. coasts have a 70 percent or higher percentage of households that can’t afford a home, a new study found.

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Personal finance website GOBankingRates used the median home listing price in the 100 largest cities to calculate typical monthly mortgage payments. Using the rule that no more than 30 percent of income should go toward housing, GOBankingRates calculated the income needed to afford a mortgage. Researchers then compared this income to the number of households with income equal to or greater than that amount.

For full study results and more details on methodology, visit: Places Where 50% of Americans Can’t Afford a Home

Top Five Cities With the Highest Percentage of Households That Can’t Afford a Home

1. San Francisco, CA

Median listing price: $1,199,000
Percentage of households that can’t afford a home: 76.7 percent

2. Boston, MA

Median listing price: $725,000
Percentage of households that can’t afford a home: 75.7 percent

3. Miami, FL

Median listing price: $450,000
Percentage of households that can’t afford a home: 74.3 percent

4. Long Beach, CA

Median listing price: $549,900
Percentage of households that can’t afford a home: 73.5 percent

5. Los Angeles, CA

Median listing price: $749,000
Percentage of households that can’t afford a home: 72.9 percent

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Additional Study Insights

  • Perhaps unsurprising due to its high real estate prices, six of the top 10 cities with the highest percentage of households that can’t afford homes are in California.
  • Some surprising cities made the final list. In New Orleans, the median home price is $300,000 but 65.4 percent of households can’t afford a home because wages are lower.
  • Median home prices in Oakland, Calif., are half as expensive as they are across the bay in San Francisco.

About GOBankingRates is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.


Kim Dahlgren, Media Relations
(310) 297-9233 x138

For Least Valuable U.S. Homes, Housing Crisis Recovery Lagging

Homes in the bottom third of the market lost 30 percent of their value during the housing bust and have yet to regain it

– National home values rose 6.9 percent from August 2016, to a Zillow Home Value Index (ZHVI) of $201,900. Home values in Seattle, Tampa, Fla. and San Jose saw the strongest appreciation.

– Rents across the country are up 1.9 percent year-over-year, to a Zillow Rent Index (ZRI) of $1,430 per month, with rent in Sacramento, Calif. and Seattle appreciating the most.

– The top and bottom thirds of the market in Detroit have seen the most uneven recovery in terms of homes regaining the value lost following the housing crisis.

Seattle, WA – Sept. 21, 2017 (PRNewswire) Median home values are reaching new peaks in more than half of the nation’s largest housing markets, but a closer look at which homes are regaining value reveals an uneven recovery in the biggest markets.

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More than 50 percent of U.S. homes have reached or surpassed the value they reached during the housing boom period, according to the August Zillow® Real Estate Market Report(i), but the types of homes that are recovering are not the same, particularly in the most populated places. In 24 of the nation’s largest 35 markets, the homes in the bottom third of the market are least likely to have recovered the value lost when the housing bubble burst.

Detroit has seen one of the least balanced recoveries following the Great Recession. Nearly two-thirds of the most expensive homes in Detroit have regained the value lost when the market collapsed. The typical top-tier home value in Detroit is $284,800, higher than it was during the housing bubble. In comparison, homes in the bottom third have only regained 33.7 percent of their lost value, and are now worth a median of $53,000. Only 10.6 percent of these homes have fully returned to their peak values.

As homes are often the most expensive asset someone owns, the recovery contributes to the growing wealth gap across the country. Household incomes show a similar pattern of inequality, according to newly released Census data(ii). The median household income across the United States increased in 2016, but those in the top 20 percent of earners took home more than half of the overall income.

“The housing market as a whole is moving at a steady clip, with high demand and low inventory combining to maintain strong home value appreciation,” said Zillow Chief Economist Dr. Svenja Gudell. “Most new construction has been at the higher end of the market, so demand for the limited supply of entry-level homes is pushing up their values, but these homes also lost more value when the bubble burst. Many of these homeowners are still waiting to see their homes come back to where they were about 10 years ago. Even as headline numbers show an overall recovery, there are still thousands of Americans struggling to bounce back from the housing bust.”

The median home value in the U.S. rose 6.9 percent over the last year to a Zillow Home Value Index(iii) of $201,900. Seattle is the only major U.S. market where home values rose at a double-digit annual pace, up 12.4 percent since last August to a median home value of $453,100. Tampa home values rose 9.3 percent, and the median home is worth $187,400.

Annual rent appreciation grew for the fourth consecutive month, with rents increasing 1.9 percent from last August to a Zillow Rent Index(iv) of $1,430.

Limited inventory leaves few options for buyers. Nationally there were 12.6 percent fewer homes available in August 2017 than there were in August 2016. San Jose and San Diego saw the biggest annual declines in inventory, down 59.4 percent and 37.2 percent respectively.

Mortgage rates(v) on Zillow ended August at 3.62 percent, near the lowest level of the month. Rates moved steadily lower throughout the month after starting at a high of 3.72 percent(vi). Zillow’s real-time mortgage rates are based on thousands of custom mortgage quotes submitted daily to anonymous borrowers on the Zillow Mortgages site and reflect the most recent changes in the market.



Zillow® is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housing data and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price Expectations Survey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow Home Value Index over the next five years. Launched in 2006, Zillow is owned and operated by Zillow Group, Inc. (NASDAQ: Z and ZG), and headquartered in Seattle.

Zillow is a registered trademark of Zillow, Inc.

(i) The Zillow Real Estate Market Reports are a monthly overview of the national and local real estate markets. The reports are compiled by Zillow Real Estate Research. For more information, visit The data in Zillow’s Real Estate Market Reports are aggregated from public sources by a number of data providers for 928 metropolitan and micropolitan areas dating back to 1996. Mortgage and home loan data are typically recorded in each county and publicly available through a county recorder’s office. All current monthly data at the national, state, metro, city, ZIP code and neighborhood level can be accessed at and


(iii) The Zillow Home Value Index (ZHVI) is the median estimated home value for a given geographic area on a given day and includes the value of all single-family residences, condominiums and cooperatives, regardless of whether they sold within a given period. It is expressed in dollars, and seasonally adjusted.

(iv) The Zillow Rent Index (ZRI) is the median Rent Zestimate® (estimated monthly rental price) for a given geographic area on a given day, and includes the value of all single-family residences, condominiums, cooperatives and apartments in Zillow’s database, regardless of whether they are currently listed for rent. It is expressed in dollars.

(v) Mortgage rates for a 30-year fixed mortgage

(vi) Monthly high occurred on August 1st Once Again Most Popular Real Estate Franchise Website

Website’s Traffic Nearly Double the Next Franchise Site

Denver, CO – Feb. 13, 2017 (PRNewswire) More home shoppers searched on in 2016 than any other national real estate franchise website, according to recent data provided by Hitwise. The website had more than 77 million visits last year, more than the next two competitors combined and nearly double the number of annual visits of its closest competitor.


The total number of visits to in 2016 was up 28 percent from the previous year, while three of the four next ranking franchise sites experienced a decrease in annual visits. In 2015, the RE/MAX site had just under 20 million more visits than its closest competitor. It is a testament to incredible brand power of RE/MAX, the quality of RE/MAX agents, and ever-increasing consumer engagement with the network’s flagship website.

Total number of annual visits according to Hitwise:

  • 77,463,705 (2016) / 62,132,115 (2015)
  • 39,006,189 (2016) / 42,457,848 (2015)
  • 36,219,042 (2016) / 31,567,836 (2015)
  • 20,328,480 (2016) / 20,618,581 (2015)
  • 18,236,506 (2016) / 20,452,820 (2015)

“ continues to dominate its national franchise competitors in the number of annual visits from home shoppers,” said Adam Contos, Chief Operating Officer of RE/MAX, LLC. “RE/MAX regularly enhances the customer experience on and expand valuable tools for our agents. Our site gives consumers the most accurate and timely data available and is one of many reasons why is the online leader.”

RE/MAX, LLC unveiled bold enhancements to its website in early 2016. Already the most visited real estate franchise online, the global real estate leader looked to improve the consumer experience. The new enhances the mobile experience by offering a modern responsive design and personalized features such as places, mapping, sharing, social and alerts. features a streamlined look – designed to easily guide consumers through the home-searching process. Edge-to-edge content, large gallery images and map-based search functions all provide users with a more personalized experience. Visitors can also search using a completely customizable My RE/MAX account, which allows them to save favorite properties, share homes on social media, connect with a local agent, request a showing and even find properties based on commute time or other subjective criteria. Listing videos were also introduced with the new website rollout. visitors are now able to explore over 90,000 listings through custom videos powered by VScreen. also serves as a gateway to other company websites. Whether visitors are searching for high-end luxury properties, commercial investments or a new home in dozens of countries and territories around the globe, they are able to access them all – via The RE/MAX Collection, RE/MAX Commercial and RE/MAX global listings – conveniently from connects consumers with RE/MAX agents and adds to the more than 15 million free referral leads generated since 2006.

About the RE/MAX Network:

RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 110,000 agents provide RE/MAX a global reach of more than 100 countries and territories. Nobody sells more real estate than RE/MAX when measured by residential transaction sides. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX). With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $150 million for Children’s Miracle Network Hospitals® and other charities. For more information about RE/MAX, to search home listings or find an agent in your community, please visit For the latest news about RE/MAX, please visit


NeighborhoodScout® Announces the Top 100 Most Dangerous U.S. Cities and the Top 100 Safest U.S. Cities for 2017

Annual Crime Rates by City Highlight Economic Divide Between Coveted Bedroom Communities and Struggling Inner and Industrial-Satellite Cities Nationwide

Worcester, MA – Jan. 9, 2017 (PRNewswire) NeighborhoodScout, the nationwide neighborhood search engine and provider of location-based analytics for real estate investors, mortgage professionals and homebuyers, has just released its Top 100 Most Dangerous U.S. Cities and Top 100 Safest U.S. Cities lists for 2017, based on annual crime rates by city.


“The same trend continues to play out across the country, one that highlights a contrast between coveted bedroom communities and struggling inner and industrial-satellite cities,” explains Dr. Andrew Schiller, CEO and founder of Location, Inc. and NeighborhoodScout. “These safe commuter towns, which exist between major cities like Boston, Chicago, and Dallas-Fort Worth and smaller, high-crime satellite cities, have residents who can afford access to opportunity,” says Dr. Schiller. “An easy commute to high paying jobs in the city, combined with decent schools and quality of life in the suburbs, increases home values and lowers crime.”

Top 100 Most Dangerous U.S. Cities – 2017

#100: Wheeling, WV (2016 Rank: N/A)
#80: Lima, OH (2016 Rank: 92)
#60: Tallahassee, FL (2016 Rank: 82)
#40: Charleston, WV (2016 Rank: 33)
#20: Daytona Beach, FL (2016 Rank: 28)

See the complete list.

Top 100 Safest U.S. Cities – 2017

#100: New Lenox, IL (2016 Rank: N/A)
#80: Long Beach, NY (2016 Rank: 40)
#60: Friendswood, TX (2016 Rank: 44)
#40: Saratoga Springs, UT (2016 Rank: N/A)
#20: Parkland, FL (2016 Rank: 13)

See the complete list.

The Most Dangerous Cities list comprises violent crimes, while the Safest Cities list comprises both violent and property crimes. The reason for this distinction: The general public tends to equate a “dangerous” city with “violent” crime (armed robbery, aggravated assault, rape, homicide), while a “safe” city means safety from both property crime (burglary, larceny-theft, motor vehicle theft) as well as violence.

Both lists compare the safety of cities with 25,000 or more people nationwide, based on the number of crimes reported and the population of each city. This calculation normalizes the data by providing a rate for individual types of crime per 1,000 residents, offering an accurate comparison of cities of different sizes.

For example, in the past year, Newburgh, NY saw 424 violent crimes. While these numbers are less than Tallahassee, FL (2,063), when factoring in population size, Newburgh (population: 28,290) is ahead of Tallahassee (population: 189,907) on the most dangerous U.S. cities list (#22 vs. #60).

NeighborhoodScout’s analysis of annual crime rates by city is the most comprehensive available because it factors in all reported crimes from all 18,000 local law enforcement agencies across the country. This is important because many cities are served by more than one agency (municipal police, county sheriff, transit police, etc.). For more information, visit the Top 100 Most Dangerous U.S. Cities and the Top 100 Safest U.S. Cities.

About Location, Inc.

Location, Inc. is a geographic research and data mining company born out of university research and a leading provider of location-based data and tools used by corporations for risk analysis. Location, Inc. specializes in location analysis, quantifying and mapping of crime and security risks, structure fire risk, demographic and school data information products, and location-based decision-making tools for businesses and consumers. More than 65 million people and businesses have used Location, Inc.’s data and services, including NeighborhoodScout® and SecurityGauge®, since the Company’s 2000 inception. For more information, visit

Media Contact:

Kate DeVagno
Marketing Department
Location, Inc.
Tel: (508) 753-8029

Who Dominates Social Media – Men or Women?

According to

“A greater percentage of adult U.S. women use Facebook, Tumblr, Pinterest, Instagram and Twitter than their male counterparts. The one social network that boasts more men is the professional-networking site LinkedIn.”

Here is the data:

Women On Social Media