With the low inventory of houses for sale in the San Francisco Bay Area that is fueling the rising prices of homes, it is a welcome information that elsewhere in the country there are cities with affordable housing. Per CNN Money report, these are the cities:
1. Kokomo, Indiana
2. Springfield, Ohio
3. Monroe, Michigan
4. Vineland, New Jersey
5. Cumberland, Maryland
6. Davenport, Iowa
7. Lima, Ohio
8. Bay City, Michigan
9. Fairbanks, Alaska
10. Mansfield, Ohio
Further it states: "Kokomo, Indiana, tops the list with a population of just over 80,000. The median home price is $85,000 and the median income is $60,100. The percent of homes sold that are considered affordable–a whopping 96.3 percent."
This listing is derived by CNN Money from the National Association of Home Builders and Wells Fargo Bank. The link provided by Realty Times - http://marioreyesrealtor.realtytimes.com/consumeradvice/buyersadvice1/item/27932-20140314-10-small-cities-that-are-big-on-affordability
Comments (2)Subscribe to CommentsComment