Central Station

The Bay Area's Newest Destination

Tuesday, February 28, 2012

The Most and Least Affordable Housing in America; AKA PCL pricing is really awesome

The Atlantic Cities, one of the leading sources for information on trends and innovation in urban America (a subsidiary of The Atlantic Magazine), recently published a post on the Most and Least Affordable housing regions in America. See the full article at http://www.theatlanticcities.com/housing/2012/01/most-and-least-affordable-housing-america/1035/

The post summarizes a more comprehensive study that ranks San Francisco-Oakland as the second Least Affordable Housing Market in the U.S. with a median home purchase price of $491,900. That makes the region even less affordable than New York City, which at $389,600 is over $100,000 more affordable. That means housing here is 25% more expensive, on average, than in New York. ouch.

Its a good reminder of how incredible the pricing at PCL is. Where else can you get such a unique home, that's part of a really cool community, and such a short trip to downtown Oakland or downtown San Francisco for these prices. And with prices getting even better recently, you can get a great one or two-bedroom home for way less than the area median.


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