|
|
How Does Your House Stack Up?
|
How Does Your House Stack Up?
To determine the worth of your home in another city, follow this formula:
Multiply the market value of your current home by the index number of the destination city where you plan to move. Then divide that number by the index number of the market where your current home is based.
Here are some examples of expensive and affordable homes around the country. |
| Market |
Average sales price |
Index |
| Ancorage, Alaska *** |
$206,275 |
100 |
| Tuscon, Arizona |
$167,875 |
82 |
| San Francisco, California |
$583,325 |
283 |
| Beverly Hills, California |
$766,250 |
372 |
| New Haven, Connecticut |
$183,375 |
90 |
| Orlando, Florida |
$147,500 |
72 |
| Atlanta, Georgia |
$171,475 |
83 |
| Honolulu, Hawaii |
$430,000 |
209 |
| Chicago/Lincoln Park, Illinois |
$450,000 |
219 |
| Indianapolis |
$151,750 |
74 |
| South Bend |
$134,756 |
65 |
| New Orleans, Louisiana |
$136,600 |
66 |
| Portland, Maine |
$169,380 |
82 |
| Wellesley, Massachusetts |
$510,900 |
248 |
| Grand Rapids, Michigan |
$180,332 |
88 |
| Minneapolis, Minnesota |
$206,800 |
100 |
| Great Falls, Montana |
$177,167 |
86 |
| South Westchester, New York |
$395,375 |
192 |
| Raleigh, North Carolina |
$163,575 |
79 |
| Oklahoma City, Oklahoma** |
$99,333 |
48 |
| Charleston, South Carolina |
$130,735 |
63 |
| Seattle, Washington |
$228,000 |
111 |
|
The most expensive to live in. **The most affordable city to live in ***Most average priced market.
Source: Coldwell Banker Home Comparison Index |
| |