A recent study by Interest.com found that San Diego has the second least affordable housing market among the 25 largest cities in the US. With 38% of our residents’ median income below the median home price, we received an “F” in housing affordability. The median price of a home in San Diego County was $440,000 in October, and according to the most recent census, the county’s median household income is about $63,000. Only San Francisco had a worse housing market, and major cities like New York, Los Angeles, and Miami also fared poorly.
This report showed us what we already know–that many San Diegans are struggling to find affordable places to live. Here at Habitat, we are committed to helping our neighbors and providing affordable housing to everyone in need. The work we do is sorely needed in our community, and we thank you for your continued support.