What does a median square footage of 1940 square feet and a median list price of $133,000 get you? A top spot on the list of 10 Most Affordable Cities to Buy a Home! Indianapolis came in at No. 4 on the list, which was released by 24/7 Wall St. using statistics from Realtor.com.
According to the article, "These low costs, along with better-than-average unemployment, have led to some increased interest in the city’s real estate. Median list prices climbed 6.4% in the past recorded year, and inventory fell by more than 18% over the same period."
San Francisco, not surprisingly, topped the list of Least Affordable Cities to Buy a Home. The median square footage of a home in San Fransisco is a cramped 1423, and the median list price is a whopping $611,700. That's $420.99 per square foot! Indianapolis real estate, by comparison, is a mere $68.56 per square foot. See the full list of The Ten Most (and Least) Affordable Cities to Buy a Home.
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