The August edition of Money Magazine heralds good news for residents of Nicholasville Kentucky -- their city has been ranked number 1 among small cities for housing affordability.
The magazine analyized sales data from home sales within Nicholasville city limits and "only towns where there were more than 100 home sales in 2007 and that were experiencing job and population growth were considered" according to the magazine.
Here's a complete list of the small cities analyzed and the median prices of homes in those cities:
Rank, City, Median home sale price 2007
1 Nicholasville $70,000
2 Watauga, Texas $117,040
3 Redan, Ga. $115,000
4 Franklin, Ind. $103,000
5 Clay, N.Y. $124,000
6 Plainfield, Ind. $124,000
7 Marion, Iowa $131,500
8 Omaha, Neb. $113,000
9 Clinton, Mich. $132,318
10 Bellevue, Neb. $120,000
11 Russellville, Ark. $85,000
12 Mission Bend, Texas $133,000
13 Arnold, Mo. $119,600
14 Des Moines, Iowa $105,000
15 Spring, Texas $131,005
16 Lake Jackson, Texas $149,426
17 Janesville, Wis. $124,700
18 Beavercreek, Ohio $168,000
19 Atascocita, Texas $171,462
20 West Des Moines, Iowa $161,500
21 Pearl, Miss. $100,000
22 La Porte, Texas $136,990
23 Westerville, Ohio $184,950
24 La Vergne, Tenn. $127,000
25 Papillion, Neb. $169,000
SOURCE: http://money.cnn.com/magazines/moneymag/bplive/2008/top25s/housing/
