Nine Most Expensive Cities in Housing Costs

PHOTO: A street view of a hill in San Francisco, Ca.
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

PHOTO: A street view of a hill in San Francisco, Ca.
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

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

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