Take a look at this
Given the hype over skyrocketing home prices these days, here’s a fact that might come as a bit of a surprise: the national median home price is a reasonably affordable $232,000 in June, according to realtor.com® data.
“The median price is still affordable for the median-income household in the U.S., but just barely,” according to Jonathan Smoke, our chief economist. Why just barely? “List prices—and affordability—vary greatly around the country” explains Smoke. “That price won’t get you in the front door in San Francisco, but it will provide a greater-than-typical home in more inexpensive places likePittsburgh or Cleveland.”
Bottom lime: if you’re willing to expand your horizons and make your way to an emerging locale, you can end up with an affordable prize.
So how does that translate in the real world? Here’s a selection of what $232,000 will get you from around the country:
What you get: This “classic colonial”…
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