Using data from the Demographia International Housing Affordability report, Visual Capitalist mapped the least affordable housing markets in the world in 2024. The ranking is based on each cities' median price-to-income ratio, with a ratio of below three considered affordable and a ratio of more than nine considered "impossibly unaffordable."

Topping the list is Hong Kong, where the median price of a home is 16.7 times greater than the median income. Following behind are Sydney and Vancouver, with ratios of 13.8 and 12.3, respectively.

American cities make up five of the world's 12 least affordable markets: San Jose (11.9), Los Angeles (10.9), Honolulu (10.5), San Francisco (9.7) and San Diego (9.5).

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Via Visual Capitalist.