As discussed on the Freakonomics Podcast, many U.S. cities are becoming increasingly expensive due to a variety of factors, including the inability of supply to adequately meet demand for housing. As soon as next year, you may not be able to afford to buy a home in your dream location, or even where you already live.
Insurance comparison website Zebra has identified 10 U.S. cities where housing is expected to become more unaffordable by 2025. Zebra then compared this to the projected U.S. median home price in 2025 ($481,692.98) to see which cities failed to meet affordability standards.
Only cities that were not previously unaffordable make our top 10 list.
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boise idaho
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Projected median home price by 2025: $ 1,000,000
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Year-on-year growth rate: 21.6%
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Percentage difference from projected U.S. median home price in 2025: 76.9%
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Boston, Massachusetts
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Projected median home price by 2025: $1.1 million
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Year-on-year growth rate: 12.8%
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Percentage difference from projected U.S. median home price in 2025: 78.9%
Find out: The 20 best cities where you can buy a home for under $100,000
Salinas, California
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Projected median home price by 2025: $1.1 million
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Year-on-year growth rate: 15.2%
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Percentage difference from projected U.S. median home price in 2025: 79.8%
Austin, Texas
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Projected median home price by 2025: $1.3 million
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Year-on-year growth rate: 24.2%
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Percentage difference from projected U.S. median home price in 2025: 94.2%
San Diego, California
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Projected median home price by 2025: $1.5 million
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Year-on-year growth rate: 16.8%
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Percentage difference from projected U.S. median home price in 2025: 104.8%
Explore more: 7 types of homes expected to skyrocket in value by the end of 2025
Los Angeles, California
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Projected median home price by 2025: $1.5 million
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Year-on-year growth rate: 15.1%
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Percentage difference from projected U.S. median home price in 2025: 105.1%
Seattle, Washington
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Projected median home price by 2025: $1.6 million
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annual growth percentage: 17.1%
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Percentage difference from projected U.S. median home price in 2025: 108.4%
boulder, colorado
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Projected median home price by 2025: $1.6 million
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Year-on-year growth rate: 15.8%
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Percentage difference from projected U.S. median home price in 2025: 110.7%
Take note: 5 types of home values expected to plummet by the end of 2025
San Jose, California
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Projected median home price by 2025: $2.3 million
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Year-on-year growth rate: 16.6%
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Percentage difference from projected U.S. median home price in 2025: 131.3%
San Francisco, California
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Projected median home price by 2025: $2.5 million
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Year-on-year growth rate: 14.2%
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Percentage difference from projected U.S. median home price in 2025: 135.7%
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This article originally appeared on GOBankingRates.com: Housing affordability forecast to decline in 10 U.S. cities by 2025
