Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Economic News

Indianapolis Named America’s Most Affordable Housing Market

Real Estate Affordability

indianapolisFor the third quarter in a row, housing affordability nationwide is at its highest level in nearly 20 years, with 70.1% of homes sold in Q3 deemed affordable, according to the National Association of Home Builders.

Indianapolis was listed as the most affordable major housing market for the 17th quarter in a row. According to Indianapolis Realtor Paula Henry, “the affordability of homes in Indianapolis has been a contributing factor to the number of transferee and first time home buyer purchases. These two segments make up 75% of our team’s sales this year, with about 50% of the visitors to our websites being out-of-state buyers or investors.”

The remainder of the most affordable cities are all in the Midwest as well with the top five rounded out by Youngstown, OH, along with three Michigan cities, Detroit, Farmington Hills and Grand Rapids.

As surprising as learning Pizza Hut serves pizza is the news that the least affordable major housing markets are New York City followed closely by San Francisco and Honolulu.

Advertisement. Scroll to continue reading.

Lani is the COO and News Director at The American Genius, has co-authored a book, co-founded BASHH, Austin Digital Jobs, Remote Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

11 Comments

11 Comments

  1. Paula Henry

    November 23, 2009 at 1:56 am

    Lani – Tis true – Indianapolis offers our residents very affordable housing. Having lived in SoCal and Arizona I can attest to the fact, dollar for dollar, square foot value, home prices in Indianapolis are unbelievably modest . Of course there are less sunny days, no beach or mountains or flip-flops all year long 🙂 ; still Indianapolis is a great place to call home and most people can afford a home.

  2. Greg Cooper

    November 23, 2009 at 7:03 am

    While this is a nice thing for those of us who live here and yes you can buy a ton of home for the money at any price point, for some reason buyers don’t seen to have full appreciation for this during the negotiating process 🙂

    Oh yes…and Paula….we do have Beech Grove.

  3. Dave Woodson

    November 23, 2009 at 10:39 am

    great information, I am not an Indy guy, but I have several friends down there and I do business down there as well. I am getting more and more calls from that area. If you know how to sell, like Greg and Paula life in Indy is very good right now. The rest of the state (northern half) is doing quite well as well. You can get a lot house for the price up here.

    D

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Commercial Real Estate

When considering whether you should lease your office space or buy, an industry expert outlines the questions you should ask yourself.

Social Media

(SOCIAL MEDIA) Facebook is updating its trends page as another step in its revamping process.

Business Marketing

(MARKETING) Whether an anomaly or the new normal, publishers are seeing diminished reach with text content on this popular site.

Tech News

(TECH NEWS) Panda is so helpful for organizing web browsing that companies like Facebook, Google, Uber, and Trello, have already been using it for...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.