It looks like the most affordable homes in the United States are in the
Midwest, according to CNNMoney.com's latest posting about the Most
& the Least affordable cities to buy a home. New York and the California
dominate the least affordable cities to buy a home today.
Grand Rapids Michigan comes in 5th Most Affordable with an affordability
score of 92.9%.
CNNMoney's lineup is as follows:
MOST AFFORDABLE
- Indianapolis, IN median home price - $107,000
- Youngstown, OH median home price - $ 73,000
- Detroit, MI median home price - $ 86,000
- Dayton, OH median home price - $105,000
- Grand Rapids, MI median home price - $100,000
LEAST AFFORDABLE
- New York City, NY median home price - $419,000
- San Francisco, CA median home price - $580,000
- Honolulu, HA median home price - $395,000
- Los Angeles, CA median home price - $294,000
- Santa Ana, CA median home price - $391,000
The foreclosure crisis that has hit the Midwest hard has influenced the
prices of homes in a downward trend for the past few years. The
auto industry is a big factor, although many of these Midwest cities, like
Grand Rapids are diversifying their economic base and will come out of
this much stronger and with many more people as homeowners.
If you are looking for a home in Grand Rapids Michigan, you are much
more likely to find a home you can afford than many other cities, which
is great news for the average home buyer today.
Grand Rapids Ada Real Estate - Westbrook Realty
Copyright 2009 All rights reserved
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If you are looking for a home in the Grand Rapids Area, we service the following areas: Metro Grand Rapids, Ada-Cascade, East Grand Rapids, Caledonia, Kentwood, Lowell, and Rockford. We have assisted Grand Rapids buy & sell homes for the last 35+ years. Call 1-616-292-7263 to talk with Terry or email him at: terry@terrywestbrook.com.
For MLS access to the homes for sale in the West Michigan Area,visit: Westbrook Realty ~ Grand Rapids Real Estate for a free search. Your search can be saved and modified as you view homes, with no obligation.
Thinking of selling your home? We offer one of the most extensive marketing campaigns in Grand Rapids with a major online presence for your home. With over 85% of buyers looking for homes online, this is where we concentrate our efforts. Click here to view Terry's Realtor profile.
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