California Dreamin’ Costs Plenty
California metropolitan areas continued to dominate the list of the 25 least affordable U.S. housing markets in the first quarter of 1993, according to figures released Thursday by the National Assn. of Home Builders. The number corresponding to each area is the percentage of homes sold that were within reach of the median income household at the prevailing mortgage interest rate.
*Most Affordable
Metro Area: Percent
Lima, Ohio: 94.2
Saginaw-Midland, Mich.: 93.2
Brazoria, Texas: 92.5
Lansing-East Lansing, Mich.: 91.9
Grand Rapids, Mich.: 91.9
Mansfield, Ohio: 91.8
Jackson, Mich.: 91.6
Rockford, Ill.: 91.5
Champaign-Urbana-Rantoul, Ill.: 91.4
Manchester, N.H.: 91.0
Peoria, Ill.: 90.9
Milwaukee, Wis.: 90.8
Springfield, Ill.: 90.7
Battle Creek, Mich.: 90.7
Binghamton, N.Y.: 89.9
Nashua, N.H.: 89.8
Anderson, S.C.: 89.3
Elkhart-Goshen, Ind.: 89.1
Lincoln, Neb.: 88.9
Omaha, Neb.: 88.9
Muskegon, Mich.: 88.9
Vineland-Bridgeton, N.J.: 88.8
Greeley, Colo.: 87.9
Minneapolis-St. Paul: 87.8
Kansas City, Mo.-Kan.: 87.6
**Least Affordable
Metro Area: Percent
San Francisco: 14.3
Salinas-Monterey, Calif.: 23.6
Santa Rosa-Petaluma, Calif.: 25.1
Honolulu: 26.0
Santa Cruz: 26.4
Los Angeles-Long Beach: 27.3
Stamford, Conn.: 34.0
San Jose: 35.7
San Diego: 36.8
New York: 36.9
Oakland: 39.3
Santa Barbara-Lompoc: 40.2
Reno, Nev.: 41.6
Anaheim-Santa Ana: 42.0
Oxnard-Ventura: 46.0
Merced: 46.7
Yuba City, Calif.: 47.4
Stockton: 48.4
Tacoma, Wash.: 49.2
Vallejo-Fairfield-Napa, Calif.: 49.4
Jersey City, N.J.: 49.9
Seattle: 50.9
Fall River, Mass-R.I.: 51.4
Bridgeport-Milford, Conn.: 51.9
Provo-Orem, Utah: 52.5
