Special Report

Metro Areas Where Families Pay the Most for Housing

Source: Sean Pavone / iStock via Getty Images

5. Boston-Cambridge-Newton, MA-NH
> Est. annual housing costs: $28,032
> Median family income: $116,181 — 6th highest of 376 metros
> Homeownership rate: 61.7% — 75th lowest of 376 metros
> Median home value: $461,500 — 17th highest of 376 metros

Source: travelview / iStock via Getty Images

4. Santa Maria-Santa Barbara, CA
> Est. annual housing costs: $28,488
> Median family income: $89,549 — 59th highest of 376 metros
> Homeownership rate: 52.3% — 9th lowest of 376 metros
> Median home value: $610,300 — 9th highest of 376 metros

Source: nata_rass / iStock via Getty Images

3. Santa Cruz-Watsonville, CA
> Est. annual housing costs: $36,252
> Median family income: $109,931 — 8th highest of 376 metros
> Homeownership rate: 60.3% — 66th lowest of 376 metros
> Median home value: $787,000 — 3rd highest of 376 metros

Source: Bill_Dally / iStock via Getty Images

2. San Jose-Sunnyvale-Santa Clara, CA
> Est. annual housing costs: $36,612
> Median family income: $145,548 — the highest of 376 metros
> Homeownership rate: 56.6% — 29th lowest of 376 metros
> Median home value: $1,041,800 — the highest of 376 metros

Source: bluejayphoto / iStock via Getty Images

1. San Francisco-Oakland-Berkeley, CA
> Est. annual housing costs: $42,636
> Median family income: $131,087 — 2nd highest of 376 metros
> Homeownership rate: 55.0% — 19th lowest of 376 metros
> Median home value: $888,500 — 2nd highest of 376 metros

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.