Special Report

Most Expensive Cities to Buy a Home

50. Pacifica, California
> Median home value: $882,800
> Median monthly housing costs with a mortgage: $3,115 — 83rd highest of 1,774 cities
> Share of housing units with a mortgage: 73.9% — 363rd highest of 1,774 cities (tied)
> Homeownership rate: 70.7% — 459th highest of 1,774 cities (tied)
> Median household income: $125,500 — 81st highest of 1,774 cities

49. Lexington, Massachusetts
> Median home value: $889,700
> Median monthly housing costs with a mortgage: $4,000+ — the highest of 1,774 cities (tied)
> Share of housing units with a mortgage: 65.3% — 702nd lowest of 1,774 cities (tied)
> Homeownership rate: 81.7% — 138th highest of 1,774 cities (tied)
> Median household income: $186,201 — 9th highest of 1,774 cities

48. Culver City, California
> Median home value: $892,000
> Median monthly housing costs with a mortgage: $2,957 — 107th highest of 1,774 cities (tied)
> Share of housing units with a mortgage: 69.3% — 745th highest of 1,774 cities (tied)
> Homeownership rate: 52.2% — 483rd lowest of 1,774 cities (tied)
> Median household income: $95,044 — 315th highest of 1,774 cities

47. Potomac, Maryland
> Median home value: $893,800
> Median monthly housing costs with a mortgage: $3,893 — 30th highest of 1,774 cities
> Share of housing units with a mortgage: 66.1% — 769th lowest of 1,774 cities (tied)
> Homeownership rate: 87.6% — 36th highest of 1,774 cities
> Median household income: $195,884 — 7th highest of 1,774 cities

46. San Clemente, California
> Median home value: $906,100
> Median monthly housing costs with a mortgage: $3,564 — 48th highest of 1,774 cities
> Share of housing units with a mortgage: 71.3% — 565th highest of 1,774 cities (tied)
> Homeownership rate: 68.0% — 557th highest of 1,774 cities (tied)
> Median household income: $110,434 — 151st highest of 1,774 cities

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.