There is a common theory that the home values on the coasts are highest and they diminish by the time you get to middle America.
According to www.CNNMoney.com, that theory stills hold true. The highest values are on all three coasts, Left (aka East), Right (aka West) and the best of all, Hawaii. What that means is that these areas are also the least affordable, not good if you practice real estate in these communities or are looking to buy real estate in these communities.
So here is the list:
1. San Francisco, California
Median Home Price: $625,000
Median Income: $ 96,800
Affordability Score: 22%
2. Honolulu, Hawaii
Median Home Price: $450,000
Median Income: $ 79,300
Affordability Score: 33.8%
3. Santa Ana, California
Median Home Price: $435,000
Median Income: $ 86,100
Affordability Score: 34.5%
4. New York, New York
Median Home Price: $425,000
Median Income: $ 64,800
Affordability Score: 19.7%
5. Los Angeles, California
Median Home Price: $320,000
Median Income: $ 62,100
Affordability Score: 36.8%
Posted by:
Judy LeMarr
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