Real Estate

These Are The Least Affordable CA Cities To Buy A Home: Report

Nine of the top 10 least affordable cities for homebuyers are in California, according to a new study from WalletHub.

CALIFORNIA — A new report confirmed what Californians already know: It's expensive to own real estate in California.

In fact, the country's least affordable cities for homebuyers are in the Golden State, according to a study by WalletHub. The personal finance website recently released its report on the Most Affordable Cities to Buy a Home, and many California cities ranked at the bottom of the list.

To identify the most affordable cities for homebuyers, analysts at WalletHub compared 300 U.S. cities across 10 key metrics. The data set ranged from the costs of homes and their maintenance to tax rates and vacancy rates.

Find out what's happening in Across Californiafor free with the latest updates from Patch.

"When deciding where to buy a home, home prices alone aren't a good enough indicator of how affordable things will be," WalletHub analyst Chip Lupo said. "You also have to consider how the average price compares to a typical income in the area, plus things like the overall cost of living and the costs of maintenance and taxes."

Victorville, located in San Bernardino County, ranked as the most affordable city in California for homebuyers. The city ranked 69th overall and was the only city in the Golden State that landed in the top 100.

Find out what's happening in Across Californiafor free with the latest updates from Patch.

Conversely, 37 cities in California ranked among the top 50 least affordable cities for homebuyers.

Santa Barbara ranked as the least affordable city in the country for homebuyers.

Nine of the top 10 least affordable cities were in California, according to the report. The other California cities included Santa Monica, Berkeley, Costa Mesa, Irvine, Glendale, Los Angeles, Burbank and Pasadena. New York City also ranked among the top 10.

Flint, Michigan, ranked as the most affordable city for homebuyers, followed by Detroit, Michigan, and Pittsburgh, Pennsylvania, respectively.

Here's how cities in California ranked in the study. They are listed from least to most affordable.

  1. Santa Barbara (300)
  2. Santa Monica (299)
  3. Berkeley (298)
  4. Costa Mesa (297)
  5. Irvine (296)
  6. Glendale (295)
  7. Los Angeles (294)
  8. Burbank (293)
  9. Pasadena (291)
  10. San Francisco (290)
  11. Westminster (289)
  12. Sunnyvale (287)
  13. El Monte (285)
  14. Huntington Beach (284)
  15. San Mateo (283)
  16. Santa Clara (281)
  17. San Jose (280)
  18. El Cajon (279)
  19. Downey (278)
  20. Daly City (277)
  21. South Gate (276)
  22. Torrance (275)
  23. Carlsbad (274)
  24. San Diego (272)
  25. Anaheim (271)
  26. Garden Grove (270)
  27. Long Beach (269)
  28. Santa Ana (268)
  29. Fullerton (267)
  30. Fremont (266)
  31. Orange (262)
  32. Inglewood (261)
  33. Thousand Oaks (260)
  34. Escondido (258)
  35. Vista (255)
  36. Ventura (254)
  37. Oakland (252)
  38. Oceanside (250)
  39. Oxnard (249)
  40. West Covina (247)
  41. Mission Viejo (246)
  42. Hayward (244)
  43. Richmond (241)
  44. Santa Rosa (240)
  45. Compton (239)
  46. Pomona (238)
  47. Salinas (237)
  48. Norwalk (236)
  49. Chula Vista (235)
  50. Simi Valley (234)
  51. Concord (225)
  52. Carson (223)
  53. Rancho Cucamonga (220)
  54. Ontario (209)
  55. Santa Clarita (199)
  56. Corona (196)
  57. Antioch (193)
  58. Santa Maria (188)
  59. Fairfield (187)
  60. Riverside (186)
  61. Sacramento (185)
  62. Fontana (181)
  63. Temecula (178)
  64. Rialto (175)
  65. Vacaville (174)
  66. Chico (172)
  67. Roseville (168)
  68. Vallejo (167)
  69. Elk Grove (156)
  70. San Bernardino (153)
  71. Bakersfield (152)
  72. Modesto (149)
  73. Murrieta (148)
  74. Clovis (147)
  75. Fresno (145)
  76. Moreno Valley (142)
  77. Stockton (141)
  78. Palmdale (131)
  79. Visalia (114)
  80. Lancaster (101)
  81. Victorville (69)

View the full report on WalletHub.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.