Youngstown-Warren-Boardman, Ohio Metro Area Near Top of Most Affordable Places To Live in USA

By
Real Estate Agent with RE/MAX Valley Real Estate

Mahoning Valley Ohio
Market Report

Youngstown, Boardman, Canfield, Poland, Austintown
 and surrounding Ohio communities in
 Trumbull, Mahoning, and Columbiana Counties
.

Youngstown-Warren-Boardman, Ohio Metro Area
 Still Near Top of Most Affordable Places To Live in USA

   
In June of 2007, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI),  the nation’s most affordable major housing markets (500,000 or more homeowners) were Indianapolis and Youngstown, where 89% of new and existing homes that were sold during the first quarter of this year were affordable to families earning those areas’ respective median household incomes of $63,800 and $51,400.

The median sales price of all Indianapolis homes sold in that time frame was $116,000 and the median sales price of all Youngstown-area homes sold was $78,000. Also near the top of the list for affordable major metros in the first quarter was Dayton, Ohio, followed by Detroit-Livonia-Dearborn, Mich., and Grand Rapids-Wyoming, Mich., respectively.

In the second quarter of this year according to figures released in August, Indianapolis remained the nation’s most affordable major housing market with approximately 87% of new and existing homes sold during the second quarter of this year affordable to families earning the area’s median household income of $63,800.

But also near the top of the list for affordable major metros in the second quarter were Detroit-Livonia-Dearborn, Mich.; Youngstown-Warren-Boardman, Ohio-Pa.; Buffalo-Niagara Falls, N.Y.; and Grand Rapids-Wyoming, Mich., respectively.

Youngstown-Warren-Boardman saw approximately 86% of new and existing homes sold in the second quarter of this year affordable to families earning our area's median household income of $51,400. The median sales price of all Youngstown homes sold in the second quarter was $87,000.

To put these figures into perspective compare them to Los Angeles-Long Beach-Glendale, Calif., where just 3 percent of homes sold in the second three months of this year were affordable to families earning the metro’s median household income of $61,700; and the median price of all houses sold was $530,000.
 

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Anonymous #1
Anonymous
Free Home Listing Online

This is very good article for the person or families who are looking to buy the home and this article can help a lot in positive way. Median or average price vary from place to place or according to the locations.

 

Thanks for sharing.

http://www.freehomelistingonline.com

February 11, 2011 05:49 AM
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Rainer
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Jack Pearce

Broker - ABR, ASP, CSP, ePRO, GRI
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