The Hustle analyzed data from the American Community Survey for the 35 largest U.S. metropolitan areas, finding that 50.4% had median home values over four times the median household income, revealing a widening housing affordability crisis.
This crisis is not confined to traditionally expensive coastal cities anymore; urban centers, suburbs, and exurbs in places like Nashville, Dallas, and Houston have seen rapid increases in exclusive zip codes.
While coastal cities like San Francisco continue to have a high percentage of exclusive zip codes, their increase in exclusivity has lagged behind growth seen in Midwestern and Sunbelt cities.
The pandemic has accelerated an unraveling in the housing market, contributing to the spreading exclusivity crisis where underbuilding and restrictive policies have hindered affordable housing development.
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