Real Estate Affordability Across America – How Does Your City Stack Up?

By HomeAdvisor

Updated February 22, 2019

May, 2016

Real estate prices are not only a key indicator of the health of the American economy, they’re also the gatekeepers to a key piece of the American dream: Owning our own homes.

Interestingly, real estate prices vary greatly across the nation. This infographic offers a snapshot of the price-per-square-foot cost of real estate in major metro areas across the United States, as well as a glimpse into the affordability of real estate based on each area’s median family income.

HomeAdvisor’s Chief Economist Brad Hunter on Real Estate Prices in America:

Following a 27 percent increase in home prices over the past five years, home affordability has again become a hot topic. Housing prices are locally dependent, and some metro areas have a more severe affordability problem than others.  While national home prices have risen 27 percent over the past five years, home prices in the Mountain region have seen a 44 percent increase and the Pacific coast has seen a 48 percent increase*.

Why have home prices risen so much faster than household incomes?  As usual, it’s all about supply and demand.  Supply is constrained on two different levels:

  1. The supply of new homes (homebuilding) is constrained as a result of the worsening lot shortage (i.e., the shortage of well-located lots on which to build).
  2. The number of homes listed for sale is constrained, partly as a result of the number of homeowners underwater on their mortgages (though this situation has improved as home prices have risen).

*Source:  HPI Report from FHFA; HomeAdvisor

Want to add this infographic to your site? Click Here
Real Estate Prices Per Square Foot Across America

Add this infographic to your site:

  1. Click the text below.
  2. Copy the selected text.
  3. Paste the code on your website.


  1. Tom Coots, June 30:

    The map appears to have Los Angeles and San Francisco switched. The larger circle is on Los Angeles.

Are You Familiar With This Topic? Share Your Experience.

Compare quotes from local pros Compare Quotes
Return to Top