Nassau Among Top 25 Least Affordable Housing Markets in Nation

Nassau County residents may or may not be shocked to hear that they are living in one of the least affordable housing markets in the nation, according to website 24/7 Wall St.

Out of the top 25 least affordable places to live, Nassau County is No. 22. About 414 counties across the nation were reviewed by the website.

Daren Blomquist, senior vice president at ATTOM Data Solutions, told 24/7 Wall St. these unaffordable markets are characterized by “a rare combination of a lot of jobs, limited supply of housing that is geographically constrained, and high demand from not just domestic buyers but foreign buyers as well.”

To create the rankings, the website reviewed home sale costs, monthly costs of owning a home, wage figures and homeownership rates.

Here are Nassau County’s housing statistics, according to 24/7 Wall St.:

• Median home sale price: $430,000
• Median monthly payment: $2,763
• Monthly wage: $4,888
• Homeownership rate: 80.1 percent

But hey, at least you don’t live in Brooklyn, the No. 1 least affordable housing market in the nation. The monthly costs of owning an average home in Brooklyn are about 123.5 percent of the area’s monthly wage, 24/7 Wall St. says.

If you still want to live in Nassau County after reading this article, check out homes on the market on Realtor.com.

See the full rankings here.

Image of a $3.9 million Old Brookville home for sale via Realtor.com