The Top 5 States Where Your Money Will Go The Furthest In Today’s Market
With the economy showing signs of recovery, the housing market continues to improve in cities and states around the country. Last week, S&P/Case-Shiller reported that home prices rose again for the sixth straight month. But according to the real estate firm Coldwell Banker, there's still a great divide between the most expensive and most affordable communities in the country. According to the firm’s annual home listing report – which analyzed more than 72,000 home listings in more than 2,500 U.S. housing markets from January to June of this year – the nation's average listing price for a four-bedroom, two-bathroom home is $292,152. That same size home would cost more than five times that price in Los Altos, California (where the average listing price for a four-bedroom, two-bathroom home is $1,706,688). However, it would only cost a fraction of the national average to buy that same home in Redford, Michigan ($60,490). So, if you’re looking to pick up and move, where can you get the most bang for your buck?
The average listing price here is $145,360, which is five times LESS than the average in the nation’s most expensive state, Hawaii. Sure, Nebraska doesn't have beautiful beaches like Hawaii, but it still has a lot to offer. For one, the cost of living is very affordable in the Cornhuskers State. And speaking of Cornhuskers, if you're a sports fan, the athletic teams at the University of Nebraska in Lincoln provide year-round entertainment.
Homes for sale in Nebraska
Your money will go a long way here, where the average listing price is $162,621. There's plenty to do in Des Moines, and the Quad Cities area is also worth considering. Want a waterfront view? Nestled along the Mississippi River, cities like Davenport are growing, and are a great place to raise a family.
Homes for sale in Iowa
Although prices are on the rise in Georgia, like they are in most states, you can still find a deal on a home that will leave you feeling peachy keen. If you like city life, but can't afford the high priced homes in downtown Atlanta, consider the suburbs like Alpharetta, Marietta, Vinings, Stone Mountain, or even an hour west of downtown in Rome or Cartersville. Southern Georgia is also growing, especially in cities like Macon and Brunswick. Regardless where you chose to go home hunting in Georgia, you'll find the prices are affordable. According to the Coldwell Banker study, the average listing price for the Peach State is $169,625, making it the third on our list.
Homes for sale in Georgia
Whether you're looking for a home near top-notch educational institutions (like the University of Kansas in Lawrence or Kansas State University in Manhattan), or a rural property for agricultural purposes, Kansas has got you covered. This state is located in the Midwest, but there's nothing “middle” about its home prices. Kansas is among the leaders for most affordable homes, where the average listing price is $169,650. 5. North Dakota Most Americans don't know much about the state of North Dakota or what it has to offer a prospective home buyer. Unemployment rates are lower here than in the rest of the country, thanks in large part to the Bakken oil shale fields in the western part of the state. North Dakota is also home to U.S. Air Force bases in Minot and Grand Forks. It's the 19th largest state in terms of land, but the third-least populated. That means there are plenty of large properties on the market, with acres of nature surrounding each home. And the best part? The average listing price here is only $179,345!
Homes for sale in Kansas
This article is brought to you exclusively by RealtyPin.com