Top 10 Least Expensive Markets For “Average Home” in 2007
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Yesterday we published the list of the Top 10 Most Expensive Markets for an average home, today we are going to cover the least expensive markets in the country.
The average home in this survey by Caldwell Banker is 2,200 square feet with 4 bedrooms, 2 1/2 baths, a family room, and a 2 car garage. I some parts of the country the price tag can be over 2 million dollars, but these cities will find the average price all under 160,000 dollars.
6 of the ten cities in the survey are military towns which is a great thing. To live the average lifestyle our military should not have to suffer as pay is not the driving force for our soldiers and sailors.
So if you are looking to live in a place with a lower cost of living but having the ability to own the average American home, here are the places.
Top 10 Most Least Markets For “Average Home”
- Killeen, Texas $136,725
- Minot, N.D. $139,033
- Arlington, Texas $139,175
- Canton, Ohio $146,333
- Muncie, Ind. $150,000
- Topeka, Kan. $150,075
- Fort Worth, Texas $151,250
- Tulsa, Okla. $153,750
- Grayling, Mich. $155,000
- Wichita, Kansas $156,500
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
Comment by Rick Marnon, Howell on 28 September 2007:
I’m suprised by some of the cities that are in the top 10. This is very informative and a real eye opener. I currently live and do real estate in Michigan. I guess I would have thought that there may have been more cities. I like the article and the stats.
Rick Marnon, Howell
http://www.teammarnon.com
Comment by John Wake on 29 September 2007:
When looking at Texas just be aware that their property taxes are very high and that helps keep their property values down.
http://www.arizonarealestatenotebook.com/2007/06/20/texas-lousy-for-retirement-home/
Comment by Matthew on 30 September 2007:
I’m really surprised that Charlotte didn’t make the list…cost of living here is a joke. You can check out the website below to read about our market…second highest appreciation in the country and tons of investment opportunities for locals and out of towners…
http://charlotterealestateinvesting.blogspot.com/2007/09/charlotte-real-estate-market-continues.html
Cheers