Second-least-affordable U.S. city: New York The Big Apple offers consumers little in the way of housing affordability. New York's $7,183 median property taxes are No. 1 among major U.S. cities, while Gotham's $377,600 median home price trails only San Francisco's as the nation's highest. New Yorkers also pay a higher-than-average $1,021 a year in median homeowners' insurance premiums. As a result, Interest.com found that even though New York families enjoy an above-average $62,322 median household income, that's still 29.7% below what's needed to qualify for a loan on a median-priced local home.