Miami has always been a world-renowned tourist destination with its pristine white-sand beaches, palm trees, warm tropical climate, and exciting nightlife. But now the second-largest populated city in Florida is also famous for being ranked the least affordable housing market in the United States—even surpassing New York City.
RealtyHop’s Affordability Index Report analyzed the median home prices and median household incomes in 100 of the most populous U.S. cities to determine where homeownership is affordable for the average American family. Headquartered in New York City, RealtyHop is a real estate listing site focusing on investments and undervalued properties.
