<p>While the Bay Area is among the places where monthly mortgage payments are declining, it’s still the most expensive part of the U.S. to buy a home—by far according to real estate site Redfin. In San Jose, the median monthly payment is $10,825, the highest in the country, followed closely by San Francisco, where it’s $10,054.</p>
<p>Three other California metro areas round out the top five: Anaheim ($7,937), Oakland ($6,638) and Los Angeles ($6,169).</p>
<p>Just because homes cost more in California than anywhere else in the country doesn’t necessarily mean it’s the <i>least</i> <i>affordable </i>place in the country. That’s because median incomes differ from metro to metro; the typical Bay Area household, for instance, earns roughly twice as much as the typical Indianapolis household.</p>
<p>But taking median local incomes into account, California actually <i>is</i> the least affordable place to buy a home. That’s because home prices have increased faster than earnings.</p>
<p>In Los Angeles, a family earning the median household income of $96,509 would need to spend 77% of that to pay the median monthly mortgage payment, the highest share of any major metro. Next come four other California metros: Anaheim, where a household earning the median income of $125,038 would spend 76% of that on the median-priced home, San Jose ($173,698, 75%), San Francisco ($163,089, 74%) and San Diego ($112,482, 65%).</p>
<table>
<tbody>
<tr>
<td colspan="3"><b>Metro Summary: Median Monthly Mortgage Payment, March 2025</b> ;</p>
<p><i>50 most populous U.S. metro areas for which we have sufficient data</i></p>
<p><i>Assuming 15% down payment</i></td>
</tr>
<tr>
<td><b>U.S. metro area</b></td>
<td><b>Median monthly mortgage payment</b></td>
<td><b>Median monthly mortgage payment, YoY change</b></td>
</tr>
<tr>
<td>Anaheim, CA</td>
<td>$7,937</td>
<td>3.2%</td>
</tr>
<tr>
<td>Atlanta, GA</td>
<td>$2,712</td>
<td>0.1%</td>
</tr>
<tr>
<td>Austin, TX</td>
<td>$3,432</td>
<td>-1.1%</td>
</tr>
<tr>
<td>Baltimore, MD</td>
<td>$2,618</td>
<td>2.3%</td>
</tr>
<tr>
<td>Boston, MA</td>
<td>$5,046</td>
<td>1.2%</td>
</tr>
<tr>
<td>Charlotte, NC</td>
<td>$2,694</td>
<td>1.7%</td>
</tr>
<tr>
<td>Chicago, IL</td>
<td>$2,579</td>
<td>4.8%</td>
</tr>
<tr>
<td>Cincinnati, OH</td>
<td>$2,035</td>
<td>2.9%</td>
</tr>
<tr>
<td>Cleveland, OH</td>
<td>$1,687</td>
<td>9.3%</td>
</tr>
<tr>
<td>Columbus, OH</td>
<td>$2,411</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dallas, TX</td>
<td>$3,183</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Denver, CO</td>
<td>$3,924</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Detroit, MI</td>
<td>$1,290</td>
<td>0.4%</td>
</tr>
<tr>
<td>Fort Lauderdale, FL</td>
<td>$3,193</td>
<td>0.9%</td>
</tr>
<tr>
<td>Fort Worth, TX</td>
<td>$2,723</td>
<td>0.7%</td>
</tr>
<tr>
<td>Houston, TX</td>
<td>$2,609</td>
<td>2.4%</td>
</tr>
<tr>
<td>Indianapolis, IN</td>
<td>$2,170</td>
<td>1.3%</td>
</tr>
<tr>
<td>Jacksonville, FL</td>
<td>$2,482</td>
<td>-4.2%</td>
</tr>
<tr>
<td>Kansas City, MO</td>
<td>$2,258</td>
<td>3.4%</td>
</tr>
<tr>
<td>Las Vegas, NV</td>
<td>$2,920</td>
<td>2.6%</td>
</tr>
<tr>
<td>Los Angeles, CA</td>
<td>$6,169</td>
<td>4.1%</td>
</tr>
<tr>
<td>Miami, FL</td>
<td>$3,909</td>
<td>1.2%</td>
</tr>
<tr>
<td>Milwaukee, WI</td>
<td>$2,299</td>
<td>4.8%</td>
</tr>
<tr>
<td>Minneapolis, MN</td>
<td>$2,671</td>
<td>1.6%</td>
</tr>
<tr>
<td>Montgomery County, PA</td>
<td>$3,347</td>
<td>1.5%</td>
</tr>
<tr>
<td>Nashville, TN</td>
<td>$3,010</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nassau County, NY</td>
<td>$5,189</td>
<td>5.4%</td>
</tr>
<tr>
<td>New Brunswick, NJ</td>
<td>$4,061</td>
<td>5.1%</td>
</tr>
<tr>
<td>New York, NY</td>
<td>$5,351</td>
<td>3.6%</td>
</tr>
<tr>
<td>Newark, NJ</td>
<td>$4,485</td>
<td>6.7%</td>
</tr>
<tr>
<td>Oakland, CA</td>
<td>$6,638</td>
<td>-2.0%</td>
</tr>
<tr>
<td>Orlando, FL</td>
<td>$2,782</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Philadelphia, PA</td>
<td>$1,998</td>
<td>3.6%</td>
</tr>
<tr>
<td>Phoenix, AZ</td>
<td>$3,017</td>
<td>0.5%</td>
</tr>
<tr>
<td>Pittsburgh, PA</td>
<td>$1,685</td>
<td>3.7%</td>
</tr>
<tr>
<td>Portland, OR</td>
<td>$3,746</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Providence, RI</td>
<td>$3,451</td>
<td>5.6%</td>
</tr>
<tr>
<td>Riverside, CA</td>
<td>$4,018</td>
<td>2.1%</td>
</tr>
<tr>
<td>Sacramento, CA</td>
<td>$4,056</td>
<td>2.0%</td>
</tr>
<tr>
<td>San Antonio, TX</td>
<td>$2,390</td>
<td>0.7%</td>
</tr>
<tr>
<td>San Diego, CA</td>
<td>$6,102</td>
<td>0.9%</td>
</tr>
<tr>
<td>San Francisco, CA</td>
<td>$10,054</td>
<td>-3.5%</td>
</tr>
<tr>
<td>San Jose, CA</td>
<td>$10,825</td>
<td>0.1%</td>
</tr>
<tr>
<td>Seattle, WA</td>
<td>$5,633</td>
<td>-0.8%</td>
</tr>
<tr>
<td>St. Louis, MO</td>
<td>$1,831</td>
<td>4.7%</td>
</tr>
<tr>
<td>Tampa, FL</td>
<td>$2,554</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Virginia Beach, VA</td>
<td>$2,390</td>
<td>0.2%</td>
</tr>
<tr>
<td>Warren, MI</td>
<td>$2,137</td>
<td>2.0%</td>
</tr>
<tr>
<td>Washington, DC</td>
<td>$4,023</td>
<td>3.1%</td>
</tr>
<tr>
<td>West Palm Beach, FL</td>
<td>$3,643</td>
<td>-1.6%</td>
</tr>
</tbody>
</table>
<p> ;</p>

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