The International Housing Affordability study performed by Chapman University for Demographia was recently released. It is mostly limited to anglophone markets in highly developed countries or autonomous regions. Affordability was calculated by as a ratio of the median house price and the median household income.
The following countries/regions were included: Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, United Kingdom, and the United States. The least expensive market was Pittsburgh, and most expensive was Hong Kong. All of the major California metros landed among the 10 least affordable.
10 most affordable markets (rank)- Pittsburgh, USA (1)
- Rochester, USA (2 tie)
- St. Louis, USA (2 tie)
- Cleveland, USA (4)
- Edmonton, CAN (5 tie)
- Buffalo, USA (5 tie)
- Detroit, USA (5 tie)
- Oklahoma City, USA (5 tie)
- Cincinnati, USA (9 tie)
- Louisville, USA (9 tie)
10 least affordable markets (rank)- Toronto, CAN (84)
- San Diego, USA (85)
- Adelaide, AUS (86 tie)
- San Francisco, USA (86 tie)
- Melbourne, AUS (88)
- Honolulu, USA (89)
- Los Angeles, USA (90)
- San Jose, USA (91)
- Vancouver, CAN (92)
- Sydney, AUS (93)
- Hong Kong, CHN (94)
Full list on pages 22 and 23 of this link:
https://www.chapman.edu/communicatio...ordability.pdf