Most Affordable Homes in America
August 21, 2008
In the real estate affordability news, Indianapolis Indiana is the most affordable homes market in the United States. The average homes price for the city was at $108,000 for the 2nd quarter 2008. This average homes price is down sharply from a value of $122,000 for the same time last year. And if you add in the additional consideration of the average household income for the area of $65,100 - this means that approximately 91.6% of the citizens in the city are able to afford to purchase a home in this area. And just for reference: New York is the least affordable city in the USA.
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