Bustling neighborhoods, iconic skylines, and endless amenities help make America’s largest cities desirable places to live. But in many parts of the country, especially along the coasts, those perks now come with staggering housing costs.
Before the pandemic, buying a home in many major cities was difficult but still within reach for middle-class families. That changed dramatically during the housing boom of 2020–2023, when low inventory, rising demand, and higher construction costs pushed prices to record highs.
Now in 2026, affordability remains one of the biggest financial challenges facing Americans. In some cities, even six-figure salaries are no longer enough to comfortably afford a typical home.
Quick Guide
- Most Expensive Housing Market: Los Angeles, California
- Highest Median Home Price: San Francisco, California
- Most Affordable City on This List: Nassau County, New York
- States With the Most Expensive Cities: California and New York
- Main Drivers of High Costs: Limited housing supply, strong job markets, and coastal demand
- Source: redfin.com
Here are the 10 most expensive cities and housing markets in America in 2026.
10. Nassau County, New York
- Median household income: $149,811
- Median sale price: $745,000
- Income needed to afford median-priced home: $197,357
- Share of income needed to afford a typical home: 39.5%
- Cost of living: 49% higher than the national average
Located in central Long Island, Nassau County is known for its historic neighborhoods, quiet suburban streets, beaches, and easy access to New York City…