A new report from Unison has found that it's becoming more costly than ever to purchase a home with large coastal cities hit the hardest.
As well as those soaring prices, student loan debt is also causing a headache for young would-be home buyers with the National Association of Realtors reporting that 41 percent of first-time buyers held such debts in 2017.
Unison gauged the extent of the problem by calculating the salary needed to purchase a home in major American cities.
Prospective buyers will need the deepest pockets in New York where the average home would cost approximately $418,000, making it the least affordable city in the country.
Given the median salary and home prices in the New York metropolitan area, someone would need to save 12 years to purchase their own property there.
San Francisco comes second for the least affordable housing in America with a salary of $349,650 required while Boston comes third with someone needing to earn just under $200,000.
The report isn't entirely negative and it might come as a relief to learn that there are a few bright spots across the country.
Chicago is certainly one of them where the salary required to buy a home comes to $64,948 while Dallas isn't too bad either with $48,887.
When it comes to the opposite end of the scale and the question of the most affordable cities for home-buyers, Detroit is hard to beat.
A salary of just $8,328 would be enough to buy a house or apartment there.