Where can you find the most affordable homes? You may be surprised to learn it’s in New York. Or, specifically, the most affordable homes for sale can be found in Niagara Falls, N.Y., according to the Home Listing Report by Coldwell Banker.
The report takes a look at the average listing prices of four-bedroom, two-bathroom houses listed on ColdwellBanker.com between September 2010 and March 2011. Overall, the report analyzed 2,300 markets in North America.
The list includes three cities in Georgia, including the No. 2 city on the list, Riverdale, and two Ohio cities. Below is a look at the top 10 markets with the most affordable real estate and homes for sale.
1. Niagara Falls: With a population of 50,499, the median sale price of a home in Niagara Falls was $60,820, compared to $58,750 the previous year. The median household income there is close to $32,000.
2. Riverdale: With a population of 14,385, the median sale price of a home in Riverdale is $61,618, compared to $83,500 the previous year. The median household income there is $41,707.
3. Coolidge, Ariz.: With a population of 11,343, the median sale price of a home in Coolidge is $69,083, compared to $65,000 the previous year. The median household income there is $45,360.
4. College Park, Ga.: With a population of 22,632, the median sale price of a home in Coolidge is $72,477, compared to $111,409 the previous year. The median household income there is $35,593.
5: Detroit: With a population of 793,258, the median sale price of a home in Detroit is $73,363, compared to $73,187 the previous year. The median household income there is $31,547.
6: Hastings, Fla.: With a population of 600, the median sale price of a home in Hastings is $74,910, compared to $59,000 the previous year. The median household income there is $29,642.
7. Cleveland, Ohio: With a population of 412,852, the median sale price of a home in Cleveland is $76,042, compared to $55,000 the previous year. The median household income there is $27,278.
8. Lithonia, Ga.: With a population of 2,529, the median sale price of a home in Lithonia is $77,385, compared to $108,792 the previous year. The median household income there is $28,999.
9. Trotwood, Ohio: With a population of 25,493, the median sale price of a home in Trotwood is $77,445, compared to $50,400 the previous year. The median household income there is $37,387.
10. Sioux City, Iowa: With a population of 83,605, the median sale price of a home in Sioux City is $80,152, compared to $85,000 the previous year. The median household income there is $43,608.
About The Author
Kevin Hughes is a Boise Idaho real estate agent servicing buyers and sellers in Idaho. If you’re looking for a great home in Idaho, you can visit Kevin’s website where you can search great cities like Boise, Meridian, Nampa, and Eagle.
Thanks for share this valuable information regarding Most Affordable Homes. These types of post are very useful for middle class person. In this post provide four-bed room and two-bedroom prices list. I really appreciate this post because I want to purchase four-bedroom house.
ReplyDeleteHOA Management