COVID-19 Hot Spots Include Some of the Highest Housing Cost Markets in the Country

In the most expensive of the metropolitan1 areas with the most confirmed COVID-19 cases, in places where homeownership is most inaccessible, we can expect homeownership to recede further from reach for low- and moderate-income people in these areas.

The COVID-19 Hot Spots where homeownership rates are lower than the national rate (i.e., lower than 63.9%) are as follows:

MSA Homeownership Rate Median Home Value
Los Angeles-Long Beach-Anaheim, CA 48.2% $650,300 
New York-Newark-Jersey City, NY-NJ-PA 51.8% $457,100 
San Diego-Carlsbad, CA 53.1% $606,200 
Las Vegas-Henderson-Paradise, NV 54.2% $286,600 
San Francisco-Oakland-Hayward, CA 55.0% $910,300 
Dallas-Fort Worth-Arlington, TX 59.1% $238,800 
Miami-Fort Lauderdale-West Palm Beach, FL 59.9% $298,800 
Houston-The Woodlands-Sugar Land, TX 60.3% $204,700 
Milwaukee-Waukesha-West Allis, WI 60.4% $222,100 
Boston-Cambridge-Newton, MA-NH 60.9% $464,600 
Orlando-Kissimmee-Sanford, FL 61.0% $242,500 
Columbus, OH 61.9% $196,700 
San Antonio-New Braunfels, TX 62.3% $182,000 
Denver-Aurora-Lakewood, CO 63.1% $420,600 
Washington-Arlington-Alexandria, DC-VA-MD-WV 63.5% $433,200 

Source: US Census, 2018 1-year ACS


1 As of 1/22/21, the 30 MSAs with the most confirmed COVID-19 cases are:  1. New York City, 2. Los Angeles, 3. Chicago, 4. Dallas, 5. Miami, 6. Riverside, 7. Phoenix, 8. Houston, 9. Atlanta, 10. Philadelphia, 11. DC, 12. Boston, 13. Twin Cities, 14. Detroit, 15. St. Louis, 16. San Diego, 17. Nashville, 18.  Las Vegas, 19. Denver, 20. San Francisco. 21. Charlotte, 22. Tampa, 23. San Antonio, 24. Indianapolis, 25. Orlando, 26. Cincinnati, 27. Milwaukee, 28. Columbus, 29. Kansas City, 30. Baltimore; per  https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html.