Two Texas cities landed on Coldwell Banker’s list of ten most affordable housing markets in the country.
Arlington ranked seventh with a 2008 average sales price of $143,775. Killeen ranked ninth at $145,812.
Dallas, with an average price of $326,425, was deemed the most expensive market in Texas. However, that price is substantially below the national average of $403,738.
Sioux City, Iowa, offered the best value in the country at $133,459, while La Jolla, Calif., was the most expensive at $1.8 million.
Coldwell Banker Real Estate’s annual Home Price Comparison Index tracks the cost of homes in more than 300 markets nationwide. The survey compares typical single-family dwellings that have about 2,200 sf, four bedrooms, two and one-half baths, a family room and two-car garage.
Source: Coldwell Banker, Dallas Morning News