Colorado Springs, Most Affordable Homes in Colorado
Colorado Springs Busines Journal Daily
Colorado Springs has the most affordable homes in the state, and Boulder has the most expensive, according to analysis from Coldwell Banker® released September 26, 2007. Home sales prices in Colorado Springs last year averaged $197,500 compared to Boulder's average of $615,000. Coldwell Banker identified the most expensive and most affordable cities in each of the 50 states.
Not surprising, Beverly Hills qualified as California's - and the nation's - most expensive city for home prices. A 2,200-square-foot, 4 bedroom, 2 1/2 bath home in the celebrity mecca would cost $2.1 million. On the other hand, a similar sized home in Killeen, Texas, home to Fort Hood Army Base, would cost $136,725. Also, the survey found that six of the most affordable cities out of 317 U.S. markets are home to or nearby major military bases.
The most expensive and most affordable surveyed U.S. markets within each state in 2007 are:
| State | Most Expensive | 2007 Avg. Sales Price | Most Affordable | 2007 Avg. Sales Price | Variance |
| ALASKA | Juneau | $465,000 | Anchorage | $340,302 | $124,698 |
| ALABAMA | Mobile | $232,375 | Huntsville | $212,183 | $20,192 |
| ARIZONA | Scottsdale | $525,667 | Mesa | $257,467 | $268,200 |
| ARKANSAS | Fayetteville | $252,950 | Fort Smith | $183,950 | $69,000 |
| CALIFORNIA | Beverly Hills | $2,206,883 | Sacramento | $380,625 | $ 1,826,258 |
| COLORADO | Boulder | $615,000 | Colorado Springs | $197,500 | $417,500 |
| CONNECTICUT | Greenwich | $2,018,750 | West Hartford | $365,000 | $1,653,750 |
| DELAWARE | Wilmington | $414,500 | |||
| FLORIDA | Key West | $929,818 | Port Charlotte | $239,100 | $690,718 |
| GEORGIA | Atlanta | $324,000 | Macon | $165,440 | $158,560 |
| HAWAII | Kihei, Maui | $963,000 | Honolulu | $843,750 | $119,250 |
| IDAHO | Boise | $250,400 | Coeur d’Alene | $250,370 | $30 |
| ILLINOIS | Chicago | $732,333 | Rockford | $199,875 | $532,458 |
| INDIANA | Munster | $341,667 | Muncie | $150,000 | $191,667 |
| IOWA | Des Moines | $260,275 | Sioux City | $184,000 | $76,275 |
| KANSAS | Lawrence | $232,300 | Topeka | $150,075 | $82,225 |
| KENTUCKY | Louisville | $238,000 | Florence | $209,579 | $28,421 |
| LOUISIANA | New Orleans | $310,875 | Shreveport | $225,750 | $85,125 |
| MAINE | Portland | $354,000 | Augusta | $157,400 | $196,600 |
| MARYLAND | Bethesda | $950,000 | Hagerstown | $316,450 | $633,550 |
| MASSACHUSETTS | Boston | $1,381,250 | Worcester | $286,000 | $1,095,250 |
| MICHIGAN | Ann Arbor | $303,750 | Grayling | $155,000 | $148,750 |
| MINNESOTA | Edina | $434,975 | Rochester | $211,329 | $223,646 |
| MISSISSIPPI | Jackson | $244,000 | Tupelo | $179,125 | $64,875 |
| MISSOURI | Kansas City | $238,875 | Springfield | $189,650 | $49,225 |
| MONTANA | Bozeman | $341,212 | Billings | $168,542 | $172,670 |
| NEBRASKA | Norfolk | $212,250 | North Platte | $195,762 | $16,488 |
| NEVADA | Reno | $384,500 | Las Vegas | $362,188 | $22,312 |
| NEW HAMPSHIRE | Hanover | $496,000 | Portsmouth | $283,000 | $213,000 |
| NEW JERSEY | Ridgewood | $1,006,250 | Cherry Hill | $287,167 | $719,083 |
| NEW MEXICO | Santa Fe | $640,062 | Albuquerque | $317,319 | $322,743 |
| NEW YORK | Katonah | $904,750 | Binghamton | $193,382 | $711,368 |
| NORTH CAROLINA | Wilmington | $339,082 | Greensboro | $182,178 | $156,904 |
| NORTH DAKOTA | Fargo | $217,890 | Minot | $139,033 | $78,857 |
| OHIO | Cincinnati | $250,530 | Canton | $146,333 | $104,197 |
| OKLAHOMA | Oklahoma City | $193,750 | Tulsa | $153,750 | $40,000 |
| OREGON | Medford | $433,250 | Salem | $311,567 | $121,683 |
| PENNSYLVANIA | Philadelphia | $515,225 | Erie | $205,475 | $309,750 |
| RHODE ISLAND | Providence | $483,333 | |||
| SOUTH CAROLINA | Charleston | $389,750 | Columbia | $198,967 | $190,783 |
| SOUTH DAKOTA | Rapid City | $197,600 | |||
| TENNESSEE | Nashville | $238,333 | Memphis | $191,936 | $46,397 |
| TEXAS | Dallas | $302,198 | Killeen | $136,725 | $165,473 |
| UTAH | Salt Lake City | $408,125 | Provo | $363,975 | $44,150 |
| VERMONT | Burlington | $373,475 | Rutland | $291,718 | $81,757 |
| VIRGINIA | Alexandria | $771,500 | Lynchburg | $275,269 | $496,231 |
| WASHINGTON | Bellevue | $763,667 | Tri-Cities | $228,988 | $534,679 |
| WEST VIRGINIA | Charleston | $176,625 | Parkersburg | $164,333 | $12,292 |
| WISCONSIN | Milwaukee | $324,750 | Eau Claire | $158,650 | $166,100 |
| WYOMING | Cheyenne | $225,956 |
2007 Coldwell Banker® Home Price Comparison Index
