The prices of housing often depend on the city or the neighborhood. Average housing costs around $295,317 but in some cities the costs can go six times higher than the average, which is definitely what you should avoid, if you are on a tight budget and looking for cheap housing.
Here are the cities with the most expensive housing you should stay away from, if you want to save money.
1. Cohasset, Massachusetts
Just outside of Boston, this city is located beside the sea which means it has access to beaches where people can enjoy their free time and relax. There is also a yacht club, which adds a little sophistication to that summer relaxation.
The average price of a house in this city is $923,889 (while the state’s average is $557,080).
Two years ago, this town wasn’t so expensive, but recently it made its way onto the list of the most expensive cities when it comes to housing. Cohasset is one of the cities with the most expensive housing in the U.S. but the gap between the state’s average and the city’s average isn’t as big as in some other parts of the U.S.
However, this is definitely a town you should avoid if you’re looking for affordable housing.
2. Stevensville, Maryland
The cost of living in Stevensville is almost 6% higher than Maryland’s average.
A house in this city averagely doesn’t cost below 1 million dollars, while Maryland’s average housing price is $383,071.
So, if you’re looking for cheap housing, this is definitely not the city where you should live. Stevensville is maybe that expensive because it is the only historic place still standing in its full glory in the entire U.S, and there are over a hundred historic monuments making this city valuable.
In the recent years the prices of housing have gone up, while 2 years ago this town wasn’t one of the most expensive ones in America.
3. Santa Barbara, California
In Santa Barbara, you probably won’t be able to find a listing that costs less than 1.04 million dollars, while California state’s average housing price is $497,778.
Two years ago, Santa Barbara was the 18th city with the most expensive housing in the U.S. and now it is in the 11th place, which means the prices are getting higher and higher. If you are rich and a million+ dollars is not much for you, you will probably like it here, but if you have limited funds, you should find a cheaper city.
4. San Francisco, California
There are several cities in California that made it to the list of the most expensive U.S. cities when it comes to the prices of listings. The state’s average is $497,778, while the average listing price in San Francisco is $1.29 million.
These prices have actually been even higher last year, but they slightly dropped recently. Housing in San Francisco is so expensive due to the tech industry that is developing fast, and due to the overall high quality of life which has raised property values as well, but hey, at least you know what you’re paying for.
5. Los Altos, California
Another Californian city on the list.
This one is actually the city with the most expensive housing market in the U.S. where the average price for a house doesn’t go below $1.96 million, which is a significantly higher price than the state’s average – $497,778.
This town has high-quality private and public schools and it is home to many extremely rich people, including the founder of Google, Sergey Brin. Recently, the housing prices in this city have gone up and who knows how expensive it will be in a few years. So if you want to find an affordable listing, stay away from this city.
In fact, you should stay away from most of California if you don’t have around a million dollars to cough up for a house.