Boston: We’re Number Whatever! (Best American Cities To Buy A House Edition)

The Daily Beast has published a slide show of the Best American Cities to Buy a House, From Minneapolis to Fargo.

That alone should give you a hint of what’s to come.

Setup:

Home prices in cities around the country are slowly showing signs of recovery. As the real-estate market bounces back, The Daily Beast decided to figure out which locales offer potential buyers reasonably priced homes in economically viable communities.

To find the best cities to buy a house, we considered four categories, weighted equally, for 150 cities, with data from the National Association of Realtors and the U.S. Bureau of Labor Statistics. First, we looked at the median home price in each city for the first quarter of 2012. Then, because a good deal isn’t a steal if there’s no way to keep up with mortgage payments, we took into account the year-on-year job-growth rate, overall unemployment rate, and ratio of home prices to income.

The winners, so to speak, range from Fargo, ND to Davenport, IA to Decatur, IL to Topeka, KS to Amarillo, TX. Problem is: Who the hell wants to wake up in any of those towns?

It’s no wonder the houses are such a bargain.

Notably absent are the New York and Boston metropolitan areas.

This is one list Bostonians should feel good they didn’t make.

 

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One Response to Boston: We’re Number Whatever! (Best American Cities To Buy A House Edition)

  1. My old band once had the #3 song on CMJ in Davenport, IA. We were HUGE there…wherever there is.

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