Local News

Seattle housing market tough on middle class

silverdale abuse houseSEATTLE — Owning a home in King County is getting increasingly difficult for middle-income residents. The median price of a home is now $420,000. That’s 12 percent higher than last year.

According to a new study released by Trulia, Seattle ranks 23rd on a list of the top 25 most-unaffordable metro areas in the United States.  Families with a median income of $68,500 can afford 55 percent  of the current homes available, according to the study. San Francisco, Orange County, California, Los Angeles and New York City  are the top three least-affordable metro areas.

Ohio has some of the most affordable homes for middle-income earners in the country.

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4 Comments to “Seattle housing market tough on middle class”

    Anonymous said:
    October 12, 2013 at 12:59 PM

    That’s what happens when you have a combination of the highest minimum wage in the country and one of the most liberal controlled state governments.

      Nope said:
      December 8, 2013 at 11:09 PM

      Actually, dingus, that's what happens when companies import masses of highly paid tech workers and mix them with an overall culture of treating housing like a profit center.

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