If you think that the local real estate market might be getting a tad expensive, well, you may just wanna’ look around a bit. Quarter 1 data from the National Association of Realtors (“NAR”) pegged the median average sales price for Indianapolis homes at $139,200— well below the national average of $205,200.
And Indianapolis isn’t the only bargain around. Check out our neighbors to the north- both Fort Wayne and South Bend posted numbers 25% lower than our’s. The same can’t be said however for California, where San Jose topped the list at $900,000! Can you imagine? I mean, how the heck does one pay 900 large for the average house and still buy groceries?
On the other hand, there’s Youngstown, Ohio down in the cellar with an averge ticket of just $64,300. Of course, since the auto manufacturers have largely closed up shop, there’s more houses than jobs (and that’s a problem).
Surprisingly (to me at least) there are quite a few places in Florida that are surprisingly affordable. Think Pensacola, Melbourne, Punta Gorda, Tampa, St. Pete, Gainesville and Port St. Lucie— all of which sport average ticket prices between 145 and 172. Compared to California’s rarified air, Florida housing is, like Indianapolis’, a real bargain.