This statistic shows the share of income spent on mortgage payments in selected metro areas in the Unites States in 2018. In 2018, Los Angeles, California was the third least affordable metro area because 43.7 percent of the median household income was spent on median mortgage payments. For comparison, this is higher than the 17.5 percent homeowners spent, on average, on mortgage payments in the United States in 2018.
Share of income spent on mortgage payments in selected metro areas in the Unites States in 2018
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Statistics on "Mortgage industry of the United States"
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Zillow. (March 4, 2019). Share of income spent on mortgage payments in selected metro areas in the Unites States in 2018 [Graph]. In Statista. Retrieved February 16, 2020, from https://www.statista.com/statistics/980747/least-affordable-metro-areas-usa-by-income-spent-on-mortgage/
Zillow. "Share of income spent on mortgage payments in selected metro areas in the Unites States in 2018." Chart. March 4, 2019. Statista. Accessed February 16, 2020. https://www.statista.com/statistics/980747/least-affordable-metro-areas-usa-by-income-spent-on-mortgage/
Zillow. (2019). Share of income spent on mortgage payments in selected metro areas in the Unites States in 2018. Statista. Statista Inc.. Accessed: February 16, 2020. https://www.statista.com/statistics/980747/least-affordable-metro-areas-usa-by-income-spent-on-mortgage/
Zillow. "Share of Income Spent on Mortgage Payments in Selected Metro Areas in The Unites States in 2018." Statista, Statista Inc., 4 Mar 2019, https://www.statista.com/statistics/980747/least-affordable-metro-areas-usa-by-income-spent-on-mortgage/
Zillow, Share of income spent on mortgage payments in selected metro areas in the Unites States in 2018 Statista, https://www.statista.com/statistics/980747/least-affordable-metro-areas-usa-by-income-spent-on-mortgage/ (last visited February 16, 2020)
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