Study: San Diego least affordable city in U.S. to own a home - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Study: San Diego least affordable city in U.S. to own a home

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SAN DIEGO (CBS 8) – A new study ranks America's Finest City as also the country's least affordable.

San Diego tops the list of the least affordable cities in the country to own a home, according to realtor.com.

The survey found more than half the residents in 93 percent of our city's ZIP codes could not afford a median-priced home. The reason: incomes haven't kept up with home price appreciation.

Los Angeles, San Francisco, San Jose and New York round out the top five.

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