Newsweek - Using data from sources including Zillow.com, World Population Review, Numbeo, and the 2022 American Home Size Index survey, Badeloft USA's report evaluated cities based on average home price, house size, and the number of homes listed.
“San Jose ranks as the most expensive housing market, with homes averaging nearly $1.43 million,” the study noted. “Other California cities—San Francisco, San Diego, and Los Angeles—dominate the top of the list, reflecting the state’s ongoing housing affordability challenges.”
In addition to the California metros, other cities with average home prices well over $750,000 include Seattle (ranked fifth), Honolulu (sixth), and New York City (seventh). “For buyers in these areas, price remains a major barrier—regardless of how many other people are looking,” the study stated.
Boston (ranked eighth), Washington, D.C., (ninth), and Miami (10th) rounded out the top 10 ranking of the most expensive major hubs to buy a property.
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