Breaking News Stories

This is the Least Expensive Housing Market in Arizona | Arizona

Homeownership was once the cornerstone of the American dream. However, due to the increasing proportion of the population, it has become a pipe dream. Over the past two years, real incomes have been crushed under the weight of historic inflation. At the same time, mortgage rates are soaring as the Federal Reserve raises rates.

Declining purchasing power and rising borrowing costs have dampened consumer interest in the real estate market. U.S. existing home sales fell 23% from April 2022 to April 2023, according to the National Association of Realtors. However, while demand from homebuyers has declined, home prices have not. (these are The state with the worst housing shortage for low-income Americans.)

According to the real estate market site realtor.comIn May 2023, the median list price of a U.S. home was $441,445, up 2.7% year-over-year. But while these prices are prohibitively high for most Americans, homes are being sold at much lower prices across the country, and in some areas home ownership is still possible for those on a tight budget. be.

Of the 14 Arizona counties for which data are available, realtor.com At least 10 homes are actively listed in Graham County, making it the cheapest housing market. As of May 2023, the regional median list price was $323,500 and the statewide median list price was $500,000.

All data for this story From Realtor.com.

stateThe county or county equivalent with the cheapest housing marketCounty/County Equivalent Median List Price ($)State Median List Price ($)Consider county/county equivalent
AlabamaDallas70,500336,75063
AlaskaHuna Angoon219,975415,40012
ArizonaGraham323,500500,00014
Arkansasjackson79,425291,07566
Californiaalpine41,175774,50057
ColoradoCrowley164,900649,45057
ConnecticutHartford386,950579,9008
DelawareKent417,225499,9973
floridaHamilton232,000475,00066
GeorgiaTerrell96,175400,000131
HawaiiHawaii617,944850,000Four
IdahoButte256,250589,50043
Illinoisgreen51,350321,15085
IndianaSullivan88,700306,47589
Iowapage112,500319,95091
Kansascloud69,425321,63263
KentuckyLetcher103,000307,364105
Louisianaevangeline113,875289,95060
maineAroostook189,000439,47516
MarylandAllegany122,350426,780twenty four
Massachusettshamden344,175799,00014
Michiganiron115,600292,45082
MinnesotaFaribault119,725409,95082
MississippiHumphries79,000284,00068
MissouriKnox62,363301,350105
MontanaPhillips160,375675,00039
Nebraskafurnas134,900372,51343
Nevadamineral180,000469,75014
new hampshireCoos261,975549,950Ten
new jerseyCumberland254,975544,500twenty one
new mexicoCibola156,875382,47528
new yorkLivingstone124,900654,47562
north carolinaNorthampton134,950425,00099
north dakotaearrings139,500349,350twenty three
OhioJefferson99,850257,50087
Oklahomawoods85,125319,95066
OregonHarney295,000579,92533
PennsylvaniaCumbria85,500299,00066
rhode islandprovidence409,900537,000Five
south carolinaMarlborough143,440360,99545
south dakotaPerkins98,000372,37527
Tennesseelake112,400449,99595
texashole86,499389,950210
UtahEmery305,000629,90026
VermontEssex235,950454,50014
Virginiabuchanan64,725456,062122
WashingtonAdams378,725650,00037
west virginiaMcDowell59,175239,49547
WisconsinFlorence194,925375,00070
WyomingWashakie218,750477,500twenty two

Share this post:

Leave a Reply