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San Francisco, California- July 2018: Facade of apartment buildings and store fronts by a street in San Francisco.

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Heres why these cities top the list and why many younger Americans feel they are out of reach.

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New York City

New York City is widely regarded as the most overpriced housing market and for good reason.

Los Angeles

Los Angeles, known for its sprawling neighborhoods and entertainment-driven economy, ranks second on the list.

Approximately 29% of 25- to 34-year olds called LA overpriced in the survey.

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The citys notorious traffic and high living costs make financial balancing even more challenging.

San Francisco

San Francisco, a hub for innovation and tech, takes the third spot on the list.

Themedian home sizein the area is 1,309 square feet.

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Homes sold for an average price of$947 per square foot.

How Do Other Cities Compare?

Its a cost thats hard to ignore.

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