Tuesday, July 17, 2007

Most Affordable Towns

Ohio leads the list of states with most affordable places to live:
Looking for an affordable place to own a home? Think Garfield Heights, Ohio, or Penn Hills, Pennsylvania, or any number of the townships and communities clustered predominantly in America's industrial heartland. Nine of the 25 in the list can be found in Ohio alone.

To generate the list, we divided median family income by median home prices. The towns are ranked in order of their home-to-income ratio. And average prices are less than half the cost of hot coastal markets, such as Boston, San Francisco and Seattle.


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My Comments:
That's one of the primary reasons we moved here. Bellevue, which is just down the road from us, was listed in this survey among the most affordable towns in which to live.

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7 Comments:

At 7/17/2007 3:04 PM, Blogger PB said...

My wife lived in Melvindale Michigan before we got married, it's not too nice. I wouldn't have considered buying a house there.

 
At 7/17/2007 3:21 PM, Blogger Pro Ecclesia said...

My wife's family are from Garfield Heights, which is listed in the article. They moved out of the old neighborhood to the village of Milan. So I know that some of the places listed in the survey are not the most desirable places to live.

Nevertheless, there are some, like Bellevue, which are nice places to live. Sarah and I considered buying a house there when we were looking to move to Ohio. Similarly, Norwalk, which isn't in the survey, is very affordable and is a very nice place to live.

 
At 7/17/2007 4:40 PM, Blogger Jeffrey Smith said...

Most of northwest Ohio is surprisingly cheap. There may be a few problem areas, but overall it's a beautiful place.

 
At 7/17/2007 6:03 PM, Blogger Rick Lugari said...

Yeah, PB, I wouldn't consider Melvindale a very desirable place to live either. Surprisingly, my town of Lincoln Park made the list too, yet I still wouldn't consider it terribly desirable either. There are a couple of newer neighborhoods here and some of the older ones are okay. Still, the inclusion on this list makes me wonder about the nature of some of the other towns listed.

And on a side note, it would appear that they didn't factor in property taxes and insurance premiums into the mix. Both of which are excessive here - even in relation to neighboring (and nicer) cities.

 
At 7/18/2007 9:33 AM, Blogger PB said...

Michigan does have some rather high property taxes.

I used to install cable and Lincoln Park was one of the cities in my zone. That was the only city where I would have to leave a customers house because the place was just too dirty to work in! The few I'm thinking of were right up by the Detroit line though, the real LP ghetto.

 
At 7/18/2007 1:44 PM, Blogger Rick Lugari said...

Oh yeah, PB. North of Cicotte is no different than Detroit really. Working South from Cicotte to Southfield used to be marginal just 15 years ago, but I wouldn't consider living there either. It gradually gets better as you work your way South. Emmons, Moran, Michigan, etc. have some charm, they might even be better than the bordering neighborhoods in Southgate and Wyandotte.

Oh, and to further back up what you said...when we were house shopping back in '99, prices were through the roof and houses were selling as soon as they hit the market. Still, we would walk into some houses and our shoes would be sticking to the floor. ugh! Filthy 1100 sq ft bungalows going for 100,000. It was awful...

 
At 7/19/2007 8:40 AM, Blogger Leticia said...

We live on Long Island, the tax capital of the world, and are struggling to keep afloat. You are so smart for moving to Ohio!

 

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