Sacramento Has Become Nation’s Least Affordable Housing Market

SACRAMENTO (CBS13) – Sacramento has topped the database of the slightest affordable caller location markets successful the country.

The median caller operation location terms successful the Sacramento portion is $650,000. In bid to spend the $39,000 down payment, Sacramentans request an income of astir $128,000. But the median household income present is conscionable implicit $76,000.

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The lodging situation has reached the rental marketplace arsenic well. Home values successful the portion jumped 21 percent successful the past year.

The emblematic flat rent successful the Sacramento portion is present $1,760 per month. That’s higher than successful Seattle, Washington D.C., and New York City.

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Kurtis Ming