If you are looking to live in a typical priced middle class home, these are most expensive cities for a 4 bedroom, 2 and a half bath, 2,200 square foot home in a nice neighborhood. And as the numbers show, doing so in these towns it ain’t cheap.
9 out of the 10 homes are in California, which is no surprise as the appreciation in these towns is very high, and the barrier to new construction makes it very difficult to build.
State City/Metro 2006 Sale Price
CA Beverly Hills $1,800,000
CA Santa Monica $1,766,666
CA La Jolla $1,762,500
CA Santa Barbara $1,700,000
CA Palo Alto $1,652,042
CA Newport Beach $1,566,250
CA San Jose $1,410,662
CT Greenwich $1,403,750
CA San Mateo $1,366,139
CA San Francisco $1,363,750
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That house in the picture would easily cost over three million in Santa Monica or Beverly Hills. Make it a 1940 rambler with yellow shag carpet and eight feet of backyard and you might be able to get in at 1.8.
You are right. I did a google image search for 4 bedroom in Beverley Hills and Santa Monica and got nothing in return.
Great catch.
I wish I could move my home to one of these states I would make a nice profit
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