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Monday, January 28, 2013
Survey: Honolulu 3rd Least Affordable Housing on Earth
By Selected News Articles @ 1:08 PM :: 8116 Views :: Hawaii Statistics, Land Use, Cost of Living

9th Annual Demographia International Housing Affordability Survey: 2013 Ratings for Metropolitan Markets

(Selected excerpts relating to Honolulu)

Despite its generally better housing affordability, the United States also had the least affordable market outside the major markets, in Honolulu, with a Median Multiple of 9.3.

Even in Honolulu, housing affordability has deteriorated markedly, with the Median Multiple rising 0.6 points in just the last year. Honolulu was less affordable than all but two of the 337 markets (Hong Kong and Vancouver)….

The other least affordable markets in the US were in coastal California --- Santa Cruz (8.2), Santa Barbara (7.9) and San Luis Obispo (7.5)….

SEVERELY UNAFFORDABLE (US)
Median Multiple 5.1 & Over

Barnstable Town, MA
Boston, MA-NH
Boulder, CO
Bridgeport, CT
Honolulu, HI
Los Angeles, CA
New York, NY-NJ-PA
Oxnard-Ventura, CA
Salinas, CA
San Diego, CA
San Francisco-Oakland, CA
San Jose, CA
San Luis Obispo, CA
Santa Barbara, CA
Santa Cruz, CA
Santa Rosa, CA

 

FULL TEXT: 9th Annual Demographia International Housing Affordability Survey

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