Median Home Prices by MSA ranked

[sd_urban]

Median Home Prices by MSA ranked.

NEW YORK (CNN/Money) - Single-home price growth over the 12 months ending June 30 was the strongest in history, according to the National Association of Realtors.

Link: http://money.cnn.com/pf/features/lists/nar...rice.html#table

The list in the link above includes duplications of Metro Areas and Metro Divisions, in particular with New York City and Los Angeles.

The list below includes only traditional MSAs with over 500,000 residents based on 2004 U.S. Census Bureau estimates.

The remainder of MSAs over 500,000 are ranked below by median home price.

Rank; MSA; Median Price 6-30-05

1. San Francisco-Oakland-Fremont, CA $726,900

2. San Diego-Carlsbad-San Marcos, CA $605,600

3. Honolulu, HI $577,800

4. Bridgeport-Stamford, Norwalk, CT $487,300

5. Los Angeles-Long Beach-Santa Ana, CA $474,800

6. New York-Newark-Edison, NY-NJ-PA $452,700

7. Washington-Arlington-Alexandria, DC-VA-MD-WV $429,200

8. Boston-Cambridge-Quincy, MA-NH $418,500

9. Sacramento-Arden Arcade-Roseville, CA $377,400

10. Miami-Fort Lauderdale-West Palm Beach, FL $371,600

11. Sarasota-Bradenton-Venice, FL $367,800

12. Riverside-San Bernardino-Ontario, CA $367,600

13. Seattle-Tacoma-Bellevue, WA $310,300

14. Las Vegas-Paradise, NV $300,00

15. Worcester, MA $292,300

16. Providence-New Bedford-Fall River, RI-MA $291,600

17. New Haven-Milford, CT $283,800

18. Cape Coral-Fort Myers, FL $266,800

19. Baltimore-Towson, MD $264,700

20. Chicago-Naperville-Joliet, IL-IN-WI $263,600

21. Hartford-West Hartford-East Hartford, CT $257,700

22. Allentown-Bethlehem-Easton, PA-NJ $249,100

23. Denver-Aurora, CO $248,400

24. Portland-South Portland, ME $247,200

25. Phoenix-Mesa-Scottsdale, AZ $243,400

26. Portland-Vancouver-Beaverton, OR-WA $238,000

27. Minneapolis-St. Paul-Bloomington, MN-WI $237,700

28. Orlando, FL $232,200

29. Tucson, AZ $228,500

30. Madison, WI $220,100

31. Milwaukee-Waukesha-West Allis, WI $216,800

32. Colorado Springs, CO $214,200

33. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $211,000

34. Palm Bay-Melbourne-Titusville, FL $204,000

35. Richmond, VA $198,400

36. Springfield, MA $197,900

37. Tampa-St. Petersburg-Clearwater, FL 204,000

38. Charleston-North Charleston, SC $193,600

39. Virginia Beach-Norfolk-Newport News, VA-NC $192,000

40. Raleigh-Cary, NC $185,200

41. Albany-Schenectady-Troy, NY $176,100

42. Albuquerque, NM $171,700

43. Salt Lake City, UT $169,900

44. Detroit-Warren-Livonia, MI $169,200

45. Austin-Round Rock, TX $166,800

46. Jacksonville, FL $166,600

47. Atlanta-Sandy Springs-Marietta, GA $166,500

48. Boise City-Nampa, ID $161,800

49. Nashville-Murfreesboro, TN $159,700

50. Kansas City, MO-KS $157,100

51. Birmingham-Hoover, AL $156,100

52. Columbus, OH $155,900

53. New Orleans-Metairie-Kenner, LA $152,600

54. Memphis, TN-MS-AR $150,100

55. Dallas-Fort Worth-Arlington, TX $149,100

56. Cincinnati-Middletown, OH-KY-IN $148,500

57. Greensboro-High Point, NC $148,000

58. Des Moines, IA $145,100

59. Cleveland-Elyria-Mentor, OH $144,700

60. Knoxville, TN $143,400

61. Greenville, SC $143,200

62. Houston-Baytown-Sugar Land, TX $142,500

63. St. Louis, MO-IL $141,900

64. Grand Rapids, MI $139,000

65. Omaha-Council Bluffs, NE-IA $137,300

66. Louisville, KY-IN $136,800

67. Baton Rouge, LA $135,400

68. San Antonio, TX $134,000

69. Columbia, SC $133,700

70. Jackson, MS $124,600

71. Indianapolis, IN $124,600

72. Akron, OH $119,800

73. Dayton, OH $119,400

74. Little Rock-North Little Rock, AR $118,900

75. Toledo, OH $118,600

76. Pittsburgh, PA $118,500

77. Tulsa, OK $117,400

78. Oklahoma City, OK $115,700

79. Rochester, NY $110,700

80. El Paso, TX $108,900

81. Syracuse, NY $108,700

82. Wichita, KS $106,300

83. Buffalo-Niagra Falls, NY $97,500

84. Youngstown-Warren-Boardman, OH-PA $82,900

[Bartholomew]

I'm Darrell over at SSP. I put a lot of time into this thread over at SSP earlier today and don't appreciate you highjacking it sd_urban as I was going to post it here. The least you could have done is put your own spin on it while giving me credit. No, instead, you just copied and pasted it word for word. Disgraceful!

[sd_urban]

^^My bad. I saw the same article online, but saw that your summarized version was better. Didn't mean to offend you. Please note that I didn't copy your EXACT post.

If you'd like, I'll delete this thread.

[Hybrid0NE]

Where's Charlotte, North Carolina? I know the median price for a home their cannot be below 82k. I'd be shocked to find it wasn't over 145k.

[Bartholomew]

^^My bad. I saw the same article online, but saw that your summarized version was better. Didn't mean to offend you. Please note that I didn't copy your EXACT post.

If you'd like, I'll delete this thread.

After reviewing, you did not copy my exact post, but you didn't add anything of your own to it. You only deleted items which would have answered Hybrid One's question. Thank you for responding to me. I do appreciate that.

Where's Charlotte, North Carolina? I know the median price for a home their cannot be below 82k. I'd be shocked to find it wasn't over 145k.

Twelve MSAs over 500,000 were not included and no explanation was given. Perhaps this is due to latest data not available.

Those MSAs over 500,000 not included (listed in order of population size) are:

San Jose-Sunnyvale-Santa Clara, CA

Charlotte-Gastonia-Rock Hill, NC-SC

Fresno, CA

Oxnard-Thousand Oaks-Ventura, CA

Bakersfield, CA

Poughkeepsie-Newburgh-Middletown, NY

McAllen-Edinburgh-Pharr, TX

Stockton, CA

Scranton-Wilkes Barre, PA

Lakeland-Winter Haven, FL

Harrisburg-Carlisle, PA

Augusta, GA

[monsoon]

I'm Darrell over at SSP. I put a lot of time into this thread over at SSP earlier today and don't appreciate you highjacking it sd_urban as I was going to post it here. The least you could have done is put your own spin on it while giving me credit. No, instead, you just copied and pasted it word for word. Disgraceful!

Darrell, I don't see how you could possibly take credit for something you directly copied off of cnn.com. Do you think they would have the same complaint against you that you are making here?

[bobliocatt]

Thanks for taking the time to put this list together, Darrell. I know Sarasota was expensive, but I never expected it to rank so high.

[teshadoh]

Actually I did misunderstand the listing - none of the MSA's were summarized but merely any MSA under 500k was just removed from the list.

[Lady Celeste]

Well I'm glad to see that some of the south's largest metro's Atlanta, Dallas and Houston remain affordable. All three of these cities are major employment centers and it's good to see that not only can the executives live in these metros but so can the workers. Jacksonville, Nashville, Memphis and Birmingham also are major employment centers in the south and they too remain affordable. Perhaps this is why so many corporations find southern locals so appealing.

I wish they could have given an explaination as to why they left off some cities (MSA).

[GRDadof3]

There is even a more interesting CNNMoney article from August 23rd regarding which metro areas are over/undervalued.

http://money.cnn.com/2005/08/18/real_estat...ousing_markets/

And they did include Charlotte at 2% undervalued (nice ). GR is a not bad at +13%, but not nearly as bad as many of the California markets

Sorry if this was covered on an earlier thread. I may have missed it.

[MadVlad]

Nice to know we aren't too overvalued here in Hartford, AND...... I got a deal on my house

[fromdust]

wow, okc is cheap! even cheaper than alot of smaller cities on the list.

[Bartholomew]

Darrell, I don't see how you could possibly take credit for something you directly copied off of cnn.com. Do you think they would have the same complaint against you that you are making here?

The big difference is that I listed my source, CNN, with a link. I also took the time to root out the metro division duplicates and figured out which MSAs were not included. I then extracted only those MSAs over 500,000 as below that there would have been many more than 12 MSAs not included.

I wouldn't call that directly copying from CNN.

Most information such is this has a source and those who post it have to get it from somewhere.

[huesos]

Wow! I live in San Diego and I can tell that San Diego is completely out of control. Everybody keep on saying that the price bubble is going to explode soon but I don't see when and how. It is absolutely crazy to compare the difference between San Diego and Chicago, for example.

I love San Diego, the weather is great, the city is awesome, you are close to the ocean and close to the mountains, there are several great urban neighborhoods and the general vibe of the city is excellent. But... come on! Chicago is my favorite city in the U.S., is a world-class city, with lots of thriving and booming new urban areas, lots of culture and things to do, ethnic diversity and lots of great midwesterners (the nicest people in the U.S. by far). I know that the weather is awful during the winter, but... I think in a couple of years I will move to Chicago, So Cal is out of control!

[greystone98]

According to the Tuscaloosa Chamber of Commerce web site, the average selling price of a home in April 2005 was $155,713. This from a city of just over 80,000 in 2004 (100K+ with Tuscaloosa/Northport combined) and 164,000 in the county itself.

Compared to stats from other cities throughout AL, Tuscaloosa's median home price is higher than three of the four larger cities within the state... 5% higher than Huntsville, 16% higher than Montgomery, and 25% higher than Mobile. Only Birmingham, whose population well exceeds Tuscaloosa, has a higher median home price of 13% greater.

Why? Many in the area point to the massive growth rate as a result of Mercedes opening its plant here several years ago while other think the realtors, themselves, are to blame. Whatever the reason, real estate prices have skyrocketed within the past decade and certainly the realtors have seen their share of the profit.

[urbanvb]

I noticed lots of realtors now can afford to drive BMWs. No wonder my local BWM dealer doubled the size of their lot. Take into account they make a minimum of 3% off every deal that's not bad at all.

[peaceloveunderstanding]

There was some questions early on what exactly Charlotte's situation is, well here is an answer.

http://www.realestatejournal.com/columnist...ivingthere.html

The median home price was $169,400 in the first quarter of 2005 while the average home price was $213,488.

According to that CNN chart, the South looks like it is by far the least expensive area to live in the United States home wise (besides Florida of course).