Orlando remains one of the most expensive housing markets in the U.S., according to a new report.
RealtyHop’s Affordability Housing Index for January 2021 found the city had worsened slightly for home affordability in the top 100 most expensive cities in the nation. The report looks at housing affordability and homeownership burden across the 100 most populous cities in the U.S. The most expensive city is ranked No. 1 (Los Angeles) and the least expensive ranked No. 100 (Detroit).
Orlando ranked as the 39th most expensive housing market, a one-spot climb from No. 40 in last month’s report. A homeowner in Orlando spends about 37.04% of their income on homeownership. The city’s month over month homeownership percentage remained the same.
Miami ranked as the second most expensive city with 89.37% of an average resident’s income going toward homeownership. Hialeah ranked as the 10th most expensive city. Tampa landed at No. 29, St. Petersburg at No. 48 and Jacksonville at No. 87.