What a Median-Priced Home Looks Like in 10 Different Cities

Don't know what you are talking about...

I've read so many crazy comments here from people (not all) that either missed the point of the article or do not know what they are talking about.

To Ernie Banks of IL, whatever do you mean by “none of the listed are near large cities”? Do you mean the top five largest cities? Of course they are not listed, we want a sampling of the median home prices. If Chicago were to be listed, each of those homes would be represented just in the Chicago metro area! Nonetheless, many of the cities that are mentioned are the #1 or #2 in their state (Raleigh NC, Charleston SC, Portland OR, etc). A couple of them are part of some of the largest metropolitan areas in the country (Tampa at 2.7 million).

To the LA resident- MOVE! LA is a huge rip-off. If people are willing to pay, then the market will be high. It is the law of supply and demand. You can live in a shack (literally) in Maui that will cost you 500k and not want anyone to see the place but still brag that you live in Maui. Nevertheless, LA has taken some serious downturns. However, you’ll never see the prices that are the norm for areas 2-3 hours outside of LA.

Sure, housing prices vary in a single area and there are many factors that influence: location, taxes, school district etc. I’m sure the author could have added it but he chose to stick with a simple sampling.

This piece is just to give a general idea of how the housing market has dropped in various areas of the country. It is not a guide that will make you a nation-wide home market expert.

If you want a full comprehensive list of housing in all areas of the country, you would have to do your own research. Choose just one large metropolitan area and you can spend days reading about the various area markets.

Ron of IL @ Nov 03, 2009 23:31:25 PM