America’s 25 Least Affordable Housing Markets

Source: Thinkstock

10. Monterey, California
> Ownership as % of monthly wage: 82.0% of $7,826
> Rent as % of monthly wage: 60.8% of $7,826
> Home prices or wages rising faster?: HOME PRICES
> Rents or wages rising faster?: WAGES

Source: Thinkstock

9. Napa, California
> Ownership as % of monthly wage: 78.6% of $4,325
> Rent as % of monthly wage: 59.7% of $4,325
> Home prices or wages rising faster?: WAGES
> Rents or wages rising faster?: RENTS

Source: Thinkstock

8. San Luis Obispo, California
> Ownership as % of monthly wage: 83.2% of $3,519
> Rent as % of monthly wage: 55.8% of $3,519
> Home prices or wages rising faster?: WAGES
> Rents or wages rising faster?: WAGES

Source: Thinkstock

7. Honolulu, Hawaii
> Ownership as % of monthly wage: 73.4% of $5,607
> Rent as % of monthly wage: 70.7% of $5,607
> Home prices or wages rising faster?: HOME PRICES
> Rents or wages rising faster?: WAGES

Source: Thinkstock

6. Maui, Hawaii
> Ownership as % of monthly wage: 81.3% of $4,078
> Rent as % of monthly wage: 70.6% of $4,078
> Home prices or wages rising faster?: HOME PRICES
> Rents or wages rising faster?: RENTS