America’s 50 Most Affordable Housing Markets
The most affordable housing markets by state, according to Coldwell Banker’s 2006 Home Price Comparison Index
The 2006 Coldwell Banker Home Price Comparison Index evaluated major metros across the U.S. to determine which were the most affordable -- and which were the most expensive. The homes in the study were all approximately 2,200-square-foot, single-family residences with four bedrooms, two and one-half baths, a family room or equivalent, and a two-car garage. The most affordable market was Minot, N.D., where the average sales price for a home of this description was a very reasonable $132,333. The most expensive market was Beverly Hills, Calif., where the same size house will fetch $1.8 million. Want to find out the most affordable or expensive market in your state — or maybe even think about relocating? Take a look at our slide show.