New York, Los Angeles and San Francisco are considered the most expensive cities in the world in terms of property values.
According to the latest ranking of Knight Frank, New York is the fourth most expensive city in the world. The cost per square meter in New York is second only to Monaco, London and Hong Kong. Los Angeles, CA got the seventh place in this ranking.
Nowhere else real estate is more expensive than in California. The cities of Southern California even beat New York City as the most expensive real estate market in the United States. A market analysis conducted in 2020 showed that an average house in San Francisco costs $1.3 million.
Rents in the San Jose metropolitan area are the highest and fastest growing in the country. However, if you find a rental property in the valley, you can count yourself lucky, because the average house price there breaks all records.
In apartment buildings in Manhattan, rents are too high. Every second house is worth more than $ 1.2 million.
The most expensive real estate in the United States can be found in:
- San Francisco $ 1.3 million
- San Jose $ 1.3 million
- New York Cuty - Manhattan $ 905,000
- Auckland $ 850,000
- Orange County $ 846,000
We have also looked at the places where real estate will not be a big burden for your wallet. Cheapest cities are usually centers for the steel industry
US budget real estate markets:
- Buffalo $ 153,600
- Cleveland $ 158,300
- Pittsburgh $ 159,000
- Oklahoma City $ 159,400
- Cincinnati $ 170,30