Sacramento Real Estate Still Expensive
Sacramento is the sixth least affordable real estate market in the nation, joining a list of much-pricier cities including New York and San Francisco, according to a recent Forbes.com report.
Affordability was based on the four county (Sacramento, El Dorado, Placer and Yolo) region’s median home price of $365,500 and the median household income of $63,750 — only 13.4 percent of homes sold in the first quarter considered affordable for families earning the median income.
Sacramento is still a lower-priced option for those in the Bay Area and Southern California.
Los Angeles was the least affordable with only three percent of families earning the median income able to purchase the median-priced home.