Nine Most Expensive Cities in Housing Costs
Getty Images
When considering purchasing a home, potential buyers should consider a number of costs in addition to a home sale price, such as property taxes and homeowners insurance premiums.
Bankrate.com compiled a list of total median monthly housing costs in major U.S. cities. San Francisco took first place with median monthly total costs of $2,497.68, followed closely by another expensive city, New York.
The cities in Bankrate.com's list are urban areas and don't include many expensive suburban neighborhoods.
Read more: 7 Most Expensive Places to Live in America
Here are the nine most expensive cities in Bankrate.com's list:
$2,497.68
Getty Images
1.
| San Francisco |
Mortgage rate: 3.58 percent
Mortgage principal and interest payment: $2,004.93
Property tax payment: $415.92
Homeowners insurance premium: $76.83
$2,068.96
Cristian Baitg/Getty Images
2.
| New York |
Mortgage rate: 3.67 percent
Mortgage principal and interest payment: $1,385.30
Property tax payment: $598.58
Homeowners insurance premium: $85.08
$1,833.73
3.
| Boston |
Mortgage rate: 4.01 percent
Mortgage principal and interest payment: $1,384.65
Property tax payment: $362.83
Homeowners insurance premium: $86.25
$1,746.21
4.
| San Diego |
Mortgage rate: 3.65 percent
Mortgage principal and interest payment: $1,387.38
Property tax payment: $282.00
Homeowners insurance premium: $76.83
$1,735.45
5.
| Washington, D.C. |
Mortgage rate: 3.63 percent
Mortgage principal and interest payment: $1,339.79
Property tax payment: $306.58
Homeowners insurance premium: $89.08
$1,726.50
6.
| Seattle |
Mortgage rate: 3.63 percent
Mortgage principal and interest payment: $1,394.00
Property tax payment: $286.50
Homeowners insurance premium: $46.00
$1,474.75
7.
| Los Angeles |
Mortgage rate: 3.68 percent
Mortgage principal and interest payment: $1,090.00
Property tax payment: $307.92
Homeowners insurance premium: $76.83
$1,276.98
8.
| Baltimore |
Mortgage rate: 3.95 percent
Mortgage principal and interest payment: $968.06
Property tax payment: $244.00
Homeowners insurance premium: $64.92
$1,183.43
9.
| Philadelphia |
Mortgage rate: 3.66 percent
Mortgage principal and interest payment: $805.02
Property tax payment: $320.58
Homeowners insurance premium: $57.83
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
Today in ABC News
