October 17 2010 (Chris Moore)
Coldwell Banker released its survey of the 10 most affordable markets in America. The snapshot survey was from 18,000 listing that were in Coldwell Bankers system from February through August of 2010 from nearly 300 markets in which Coldwell Banker has a presence. The only criterion was that the homes have four bedrooms and two baths.
The survey found that there was a $1.7 million difference between the least expensive market and the most expensive market.
The U.S. average for the surveyed listings was approximately $353,000. Markets included in this report were required to have at least six properties fitting the above criteria within the relevant timeframe.1
The most expensive market in the survey was Newport Beach California with an average home listing price of approximately $1.83 million for property listings meeting the subject home criteria.
Here’s the list of the ten most affordable markets:
| Rank | City | Avg List Price |
| 1 | Detroit, Michigan | $68,007.00 |
| 2 | Grayling, Michigan | $84,625.00 |
| 3 | Sioux City, Iowa | $85,967.00 |
| 4 | Cleveland, Ohio | $87,240.00 |
| 5 | Muncie, Ind. | $100,314.00 |
| 6 | Norfolk, Neb. | $107,814.00 |
| 7 | Kansas City, Mo. | $112,449.00 |
| 8 | Canton, Ohio | $114,325.00 |
| 9 | Port Huron, Mich. | $116,267.00 |
| 10 | Topeka, Kan. | $116,343.00 |
