Zillow reports the nation's most unaffordable housing markets

In five major metros residents spend 40 percent or more of their income on rent
  • Those that lease within the city of Miami spend 72 percent on their income on rent.
  • San Francisco is one of the most unaffordable cities for both the typical renter and typical homeowner.
  • In Houston, Baltimore and Chicago it is much cheaper to buy versus rent.

With incomes predicted to grow at roughly the same rate by year’s end as home values and rents, housing costs are forecasted to plateau — not improve or get any worse – in some of the nation’s largest cities.

This prediction has to be a slice of good news for renters and homebuyers in San Francisco, Miami, New York City and Los Angeles, as these cities are some of the most unaffordable housing markets nationally.