Santa Cruz, Calif. — San Francisco no longer tops the list for least-affordable housing in the nation, a distinction that now falls an hour and a half to the south to Santa Cruz.
That result comes from the National Association of Home Builders, which compiles the list each year by comparing family incomes and home prices for metropolitan areas across the country. The latest survey is based on third-quarter numbers for 2001.
The Santa Cruz metro area's median income is $65,000, and the median home price is $420,000, up $5,000 from the previous quarterly survey.
San Francisco dropped to second, as its median home price fell $10,000 to $520,000, still the most expensive median home price in the country.
Of the 186 markets rated, the Kansas City metro area ranked as the 171st most expensive. The survey listed the area's median income of $62,200, with a median home price of $117,000. The Lawrence area was not rated.
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