Looking for a place to invest out of your area or perhaps you live in a good area to invest and need a friendly reminder. Below is a list of affordable communities where housing has remained relatively stable and where future job growth looks promising.
It was interesting for me to find this list because a handful of these areas are where I am recommending people research when contemplating a move or looking for a good market for investing. I still truly believe there are good deals to be had in any market, and I always recommend people start their research and due diligence in their local market. Oftentimes people start looking in other markets while great deals are passing them by in their own back yard.
Cities Where Your Dollar Goes Furthest
Money goes further some places in the United States than it does in others.
Housing, in particular, has remained most affordable in the South and the Midwest. That’s because of less stringent building, an abundance of land and growing populations in the South, says Daniel McCue, a research analyst at Harvard’s Joint Center for Housing Studies.
To determine the cities that offer the best quality of life for the least amount of money, Forbes magazine calculated the ratios between a city’s median home price and its median household income. It also factored in projected job growth. And it compared median income to Moody’s Economy.com’s cost of living index.
Here are the 10 cities that it found to offer the best value, and the cities that it believes offers the worst value.
Cities Where Residents Get the Most for Their Money
1. Austin, Texas
2. San Antonio, Texas
3. Indianapolis, Ind.
4. Houston, Texas
5. Charlotte, N.C.
6. Columbus, Ohio
7. Dallas
8. Minneapolis/St. Paul
9. Denver
10. Portland, Ore.
Source: Forbes, Abha Bhattarai (10/10/2008
Posted by Carter Brown
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