Mahoning Valley Ohio |
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Youngstown-Warren-Boardman, Ohio Metro Area |
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In June of 2007, according to the National Association of Home
Builders/Wells Fargo Housing Opportunity Index (HOI), the nation’s
most affordable major housing markets (500,000 or more homeowners) were
Indianapolis and Youngstown, where 89% of new and existing homes that were
sold during the first quarter of this year were affordable to families
earning those areas’ respective median household incomes of $63,800 and
$51,400. The median sales price of all Indianapolis homes sold in that time frame was $116,000 and the median sales price of all Youngstown-area homes sold was $78,000. Also near the top of the list for affordable major metros in the first quarter was Dayton, Ohio, followed by Detroit-Livonia-Dearborn, Mich., and Grand Rapids-Wyoming, Mich., respectively. In the second quarter of this year according to figures released in August, Indianapolis remained the nation’s most affordable major housing market with approximately 87% of new and existing homes sold during the second quarter of this year affordable to families earning the area’s median household income of $63,800. But also near the top of the list for affordable major metros in the second quarter were Detroit-Livonia-Dearborn, Mich.; Youngstown-Warren-Boardman, Ohio-Pa.; Buffalo-Niagara Falls, N.Y.; and Grand Rapids-Wyoming, Mich., respectively. Youngstown-Warren-Boardman saw approximately 86% of new and existing homes sold in the second quarter of this year affordable to families earning our area's median household income of $51,400. The median sales price of all Youngstown homes sold in the second quarter was $87,000. To put these figures into perspective compare them to Los
Angeles-Long Beach-Glendale, Calif., where just 3 percent of homes sold in
the second three months of this year were affordable to families earning
the metro’s median household income of $61,700; and the median price of
all houses sold was $530,000. |
Anonymous
This is very good article for the person or families who are looking to buy the home and this article can help a lot in positive way. Median or average price vary from place to place or according to the locations.
Thanks for sharing.
http://www.freehomelistingonline.com
Feb 10, 2011 09:49 PM
#1
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