Los Angeles, CA – A study finds eight out of the top ten most expensive housing markets in the U.S. are in California.
Eight Midwestern cities are among the ten most affordable markets, while the other two are in Texas -- with Arlington ranking 7th, and Killeen coming in 9th.
Details are in today's Coldwell Banker Home Price Comparison Index.
The study compared the average value of 2,200-square-foot houses with four bedrooms, two and a half baths, a family room and a two-car garage across 315 U.S. markets.
The sharpest contrast was found between La Jolla (HOY'-uh), California, and Sioux City, Iowa _ the most expensive and most affordable cities, respectively, in the study.
In La Jolla, the average price of homes tracked by the study was about 1.8 million dollars.
The average price of a similarly-sized home in Sioux City was $133,459.
After Sioux City, the most affordable domestic markets were Jackson, Michigan, with an average home price of $134,325, and Akron, Ohio, at $135,780.
Canton, Ohio; Grayling, Michigan; Minot, North Dakota; Arlington, Texas; Muncie, Indiana; Killeen, Texas; and Eau Claire, Wisconsin, rounded out the bottom ten most affordable markets.
