- 57,738
- 61,406
The median household income in Miami is $39,049, while the median home price is $549,000
According to the October 2021 Housing Affordability Index report by RealtyHop, which analyzes the affordability of housing markets in the United States, Miami has officially overtaken Los Angeles as the secondleast affordable housing market in the country.
In their September 2021 report, Miami had ranked No. 3 on their list of least affordable housing.
Now, Miami has come in second only to New York City, which has maintained its reputation as the most expensive housing market in the country for numerous years. In New York City, the current median household income is $63,998 and the median home price is $958,000.
According to the October 2021 Housing Affordability Index report by RealtyHop, which analyzes the affordability of housing markets in the United States, Miami has officially overtaken Los Angeles as the secondleast affordable housing market in the country.
In their September 2021 report, Miami had ranked No. 3 on their list of least affordable housing.
Now, Miami has come in second only to New York City, which has maintained its reputation as the most expensive housing market in the country for numerous years. In New York City, the current median household income is $63,998 and the median home price is $958,000.
Miami passes Los Angeles as the second most expensive housing market in the US
Miami has officially overtaken Los Angeles as the second least affordable housing market in the country.
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