Sep 17, 2008

Least Expensive Housing Markets are in Texas

Boy are we cheap! Or should I politely say, inexpensive? According to the Coldwell Banker Home Price Comparison Index, Texas has some of the least expensive housing markets, while California has the most expensive markets. No surprise there.

The study compares the average price of a 2,200 sq foot house with 4 bedrooms, 2 and 1/2 baths, 2 car garage plus a family room, in 315 U.S. markets. The average sales price of homes that met this criteria was $403,738.
The 10 least expensive markets were: Sioux City, Iowa; Jackson, Michigan; Akron, Ohio; Canton, Ohio; Garyling, Michigan; Minot, North Dakota; Arlington, Texas (where I have a home listed for sale); Muncie, Indiana; Killeen, Texas and Eau Claire, Wisconsin.
While Texas is a bargain state, Dallas is recognized as the most expensive city in the state with an average sales price of $326,425. Of course, you can buy a home in parts of Dallas for $15,000 and in other parts, you can't even buy a vacant lot for under $1,500,000. [where: 75230]

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