Can you guess the home of the most expensive housing market in California?
If you’re thinking San Francisco County, you’re right on the money — literally!
According to a new report from financial news website 24/7 Wall Street, San Francisco County was named the most expensive market for home buyers in The Golden State.
A median price for a home is $1,087,599, according to the report, which looked at housing markets in every state using median home values from 3,119 counties as of the second quarter of 2017 from the National Association of Realtors.
The study shows median mortgage payments in San Francisco County at around $4,395, with a median household income of $87,701.
Around 35.9 percent of homes in San Francisco County are valued at over $1 million.
The nation’s three most expensive housing markets are all counties in the San Francisco area, with other expensive markets including New York, Philadelphia, and the District of Columbia.
In the most expensive markets in states like California, New York, Massachusetts, and Virginia, the typical home is valued at over $750,000.
In comparison, a home in the most expensive housing market in Oklahoma had a median value of $174,667.
- CAUGHT ON CAMERA: TEEN AVOIDS KIDNAPPER, CHASES SUSPECT DOWN