California Destination Named Among 'Worst Cities To Buy A House' In 2024

Would you suggest that someone invest in property in your city?

Some places offer residents a great, safe life, while others offer quite the opposite. Factors including high crime rates, growing population, bad weather, price fluctuation, and cost of living impact how worthwhile an area is to settle down in. Be it one, or all of the numerous factors mentioned above, something about this California city makes it an undesirable place to purchase a home.

According to a list compiled by GoBankingRates and curated by ChatGPT, the worst city to buy a home in California in 2024 is San Francisco. The crime rate in this city is a whopping 144% higher than the state average and it costs over $1.2 million to purchase a house. Other cities on the list include Detroit, Michigan, Miami, Florida, Las Vegas, Nevada, and Newark, New Jersey.

Here's what GoBankingRates had to say about the worst city to buy a home in California in 2024:

"San Francisco continues to struggle with exorbitant housing prices, making it a challenging market for potential homeowners. The city’s high cost of living, coupled with competitive job markets, makes it difficult for many to afford a home here."

For more information see the full list at gobankingrates.com.