Metro Area Median Home Prices Ranked 2005

[Darrell]

Median Home Prices by MSA ranked.

NEW YORK (CNN/Money) - Single-home price growth over the 12 months ending June 30 was the strongest in history, according to the National Association of Realtors.

Link: http://money.cnn.com/pf/features/li...rice.html#table

The list in the link above includes duplications of Metro Areas and Metro Divisions, in particular with New York City and Los Angeles.

The list below includes only traditional MSAs with over 500,000 residents based on 2004 U.S. Census Bureau estimates.

Twelve MSAs over 500,000 were not included and no explanation was given. Perhaps this is due to latest data not available.

Those MSAs over 500,000 not included (listed in order of population size) are:

San Jose-Sunnyvale-Santa Clara, CA
Charlotte-Gastonia-Rock Hill, NC-SC
Fresno, CA
Oxnard-Thousand Oaks-Ventura, CA
Bakersfield, CA
Poughkeepsie-Newburgh-Middletown, NY
McAllen-Edinburgh-Pharr, TX
Stockton, CA
Scranton-Wilkes Barre, PA
Lakeland-Winter Haven, FL
Harrisburg-Carlisle, PA
Augusta, GA

The remainder of MSAs over 500,000 are ranked below by median home price.

* Please note that median home price differs from average home price as the median price means that half the homes are worth more and half the homes are worth less, whereas average includes the value of all homes divided by number of homes.

Rank; MSA; Median Price 6-30-05

1. San Francisco-Oakland-Fremont, CA $726,900
2. San Diego-Carlsbad-San Marcos, CA $605,600
3. Honolulu, HI $577,800
4. Bridgeport-Stamford-Norwalk, CT $487,300
5. Los Angeles-Long Beach-Santa Ana, CA $474,800
6. New York-Newark-Edison, NY-NJ-PA $452,700
7. Washington-Arlington-Alexandria, DC-VA-MD-WV $429,200
8. Boston-Cambridge-Quincy, MA-NH $418,500
9. Sacramento-Arden Arcade-Roseville, CA $377,400
10. Miami-Fort Lauderdale-West Palm Beach, FL $371,600
11. Sarasota-Bradenton-Venice, FL $367,800
12. Riverside-San Bernardino-Ontario, CA $367,600
13. Seattle-Tacoma-Bellevue, WA $310,300
14. Las Vegas-Paradise, NV $300,00
15. Worcester, MA $292,300
16. Providence-New Bedford-Fall River, RI-MA $291,600
17. New Haven-Milford, CT $283,800
18. Cape Coral-Fort Myers, FL $266,800
19. Baltimore-Towson, MD $264,700
20. Chicago-Naperville-Joliet, IL-IN-WI $263,600
21. Hartford-West Hartford-East Hartford, CT $257,700
22. Allentown-Bethlehem-Easton, PA-NJ $249,100
23. Denver-Aurora, CO $248,400
24. Portland-South Portland, ME $247,200
25. Phoenix-Mesa-Scottsdale, AZ $243,400
26. Portland-Vancouver-Beaverton, OR-WA $238,000
27. Minneapolis-St. Paul-Bloomington, MN-WI $237,700
28. Orlando, FL $232,200
29. Tucson, AZ $228,500
30. Madison, WI $220,100
31. Milwaukee-Waukesha-West Allis, WI $216,800
32. Colorado Springs, CO $214,200
33. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $211,000
34. Palm Bay-Melbourne-Titusville, FL $204,000
35. Richmond, VA $198,400
36. Springfield, MA $197,900
37. Tampa-St. Petersburg-Clearwater, FL 204,000
38. Charleston-North Charleston, SC $193,600
39. Virginia Beach-Norfolk-Newport News, VA-NC $192,000
40. Raleigh-Cary, NC $185,200
41. Albany-Schenectady-Troy, NY $176,100
42. Albuquerque, NM $171,700
43. Salt Lake City, UT $169,900
44. Detroit-Warren-Livonia, MI $169,200
45. Austin-Round Rock, TX $166,800
46. Jacksonville, FL $166,600
47. Atlanta-Sandy Springs-Marietta, GA $166,500
48. Boise City-Nampa, ID $161,800
49. Nashville-Murfreesboro, TN $159,700
50. Kansas City, MO-KS $157,100
51. Birmingham-Hoover, AL $156,100
52. Columbus, OH $155,900
53. New Orleans-Metairie-Kenner, LA $152,600
54. Memphis, TN-MS-AR $150,100
55. Dallas-Fort Worth-Arlington, TX $149,100
56. Cincinnati-Middletown, OH-KY-IN $148,500
57. Greensboro-High Point, NC $148,000
58. Des Moines, IA $145,100
59. Cleveland-Elyria-Mentor, OH $144,700
60. Knoxville, TN $143,400
61. Greenville, SC $143,200
62. Houston-Baytown-Sugar Land, TX $142,500
63. St. Louis, MO-IL $141,900
64. Grand Rapids, MI $139,000
65. Omaha-Council Bluffs, NE-IA $137,300
66. Louisville, KY-IN $136,800
67. Baton Rouge, LA $135,400
68. San Antonio, TX $134,000
69. Columbia, SC $133,700
70. Jackson, MS $124,600
71. Indianapolis, IN $124,600
72. Akron, OH $119,800
73. Dayton, OH $119,400
74. Little Rock-North Little Rock, AR $118,900
75. Toledo, OH $118,600
76. Pittsburgh, PA $118,500
77. Tulsa, OK $117,400
78. Oklahoma City, OK $115,700
79. Rochester, NY $110,700
80. El Paso, TX $108,900
81. Syracuse, NY $108,700
82. Wichita, KS $106,300
83. Buffalo-Niagra Falls, NY $97,500
84. Youngstown-Warren-Boardman, OH-PA $82,900

[ROCguy]

Originally Posted by Darrell

Median Home Prices by MSA ranked.

NEW YORK (CNN/Money) - Single-home price growth over the 12 months ending June 30 was the strongest in history, according to the National Association of Realtors.

Link: http://money.cnn.com/pf/features/li...rice.html#table

The list in the link above includes duplications of Metro Areas and Metro Divisions, in particular with New York City and Los Angeles.

The list below includes only traditional MSAs with over 500,000 residents based on 2004 U.S. Census Bureau estimates.

Twelve MSAs over 500,000 were not included and no explanation was given. Perhaps this is due to latest data not available.

Those MSAs over 500,000 not included (listed in order of population size) are:

San Jose-Sunnyvale-Santa Clara, CA
Charlotte-Gastonia-Rock Hill, NC-SC
Fresno, CA
Oxnard-Thousand Oaks-Ventura, CA
Bakersfield, CA
Poughkeepsie-Newburgh-Middletown, NY
McAllen-Edinburgh-Pharr, TX
Stockton, CA
Scranton-Wilkes Barre, PA
Lakeland-Winter Haven, FL
Harrisburg-Carlisle, PA
Augusta, GA

The remainder of MSAs over 500,000 are ranked below by median home price.

* Please note that median home price differs from average home price as the median price means that half the homes are worth more and half the homes are worth less, whereas average includes the value of all homes divided by number of homes.

Rank; MSA; Median Price 6-30-05

1. San Francisco-Oakland-Fremont, CA $726,900
2. San Diego-Carlsbad-San Marcos, CA $605,600
3. Honolulu, HI $577,800
4. Bridgeport-Stamford-Norwalk, CT $487,300
5. Los Angeles-Long Beach-Santa Ana, CA $474,800
6. New York-Newark-Edison, NY-NJ-PA $452,700
7. Washington-Arlington-Alexandria, DC-VA-MD-WV $429,200
8. Boston-Cambridge-Quincy, MA-NH $418,500
9. Sacramento-Arden Arcade-Roseville, CA $377,400
10. Miami-Fort Lauderdale-West Palm Beach, FL $371,600
11. Sarasota-Bradenton-Venice, FL $367,800
12. Riverside-San Bernardino-Ontario, CA $367,600
13. Seattle-Tacoma-Bellevue, WA $310,300
14. Las Vegas-Paradise, NV $300,00
15. Worcester, MA $292,300
16. Providence-New Bedford-Fall River, RI-MA $291,600
17. New Haven-Milford, CT $283,800
18. Cape Coral-Fort Myers, FL $266,800
19. Baltimore-Towson, MD $264,700
20. Chicago-Naperville-Joliet, IL-IN-WI $263,600
21. Hartford-West Hartford-East Hartford, CT $257,700
22. Allentown-Bethlehem-Easton, PA-NJ $249,100
23. Denver-Aurora, CO $248,400
24. Portland-South Portland, ME $247,200
25. Phoenix-Mesa-Scottsdale, AZ $243,400
26. Portland-Vancouver-Beaverton, OR-WA $238,000
27. Minneapolis-St. Paul-Bloomington, MN-WI $237,700
28. Orlando, FL $232,200
29. Tucson, AZ $228,500
30. Madison, WI $220,100
31. Milwaukee-Waukesha-West Allis, WI $216,800
32. Colorado Springs, CO $214,200
33. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $211,000
34. Palm Bay-Melbourne-Titusville, FL $204,000
35. Richmond, VA $198,400
36. Springfield, MA $197,900
37. Tampa-St. Petersburg-Clearwater, FL 204,000
38. Charleston-North Charleston, SC $193,600
39. Virginia Beach-Norfolk-Newport News, VA-NC $192,000
40. Raleigh-Cary, NC $185,200
41. Albany-Schenectady-Troy, NY $176,100
42. Albuquerque, NM $171,700
43. Salt Lake City, UT $169,900
44. Detroit-Warren-Livonia, MI $169,200
45. Austin-Round Rock, TX $166,800
46. Jacksonville, FL $166,600
47. Atlanta-Sandy Springs-Marietta, GA $166,500
48. Boise City-Nampa, ID $161,800
49. Nashville-Murfreesboro, TN $159,700
50. Kansas City, MO-KS $157,100
51. Birmingham-Hoover, AL $156,100
52. Columbus, OH $155,900
53. New Orleans-Metairie-Kenner, LA $152,600
54. Memphis, TN-MS-AR $150,100
55. Dallas-Fort Worth-Arlington, TX $149,100
56. Cincinnati-Middletown, OH-KY-IN $148,500
57. Greensboro-High Point, NC $148,000
58. Des Moines, IA $145,100
59. Cleveland-Elyria-Mentor, OH $144,700
60. Knoxville, TN $143,400
61. Greenville, SC $143,200
62. Houston-Baytown-Sugar Land, TX $142,500
63. St. Louis, MO-IL $141,900
64. Grand Rapids, MI $139,000
65. Omaha-Council Bluffs, NE-IA $137,300
66. Louisville, KY-IN $136,800
67. Baton Rouge, LA $135,400
68. San Antonio, TX $134,000
69. Columbia, SC $133,700
70. Jackson, MS $124,600
71. Indianapolis, IN $124,600
72. Akron, OH $119,800
73. Dayton, OH $119,400
74. Little Rock-North Little Rock, AR $118,900
75. Toledo, OH $118,600
76. Pittsburgh, PA $118,500
77. Tulsa, OK $117,400
78. Oklahoma City, OK $115,700
79. Rochester, NY $110,700
80. El Paso, TX $108,900
81. Syracuse, NY $108,700
82. Wichita, KS $106,300
83. Buffalo-Niagra Falls, NY $97,500
84. Youngstown-Warren-Boardman, OH-PA $82,900

Wow. Upstate NY is really cheap. Maybe even too cheap. I always knew that though. People for lack of a better word, "bitch" about how high the taxes are and how unaffordable it is to live there. Look at how cheap the houses are you little whiners. Shut up.

[great prairie]

I knew DFW and Houston where cheap but not that cheap....

51. Birmingham-Hoover, AL $156,100
52. Columbus, OH $155,900
53. New Orleans-Metairie-Kenner, LA $152,600
54. Memphis, TN-MS-AR $150,100
55. Dallas-Fort Worth-Arlington, TX $149,100
56. Cincinnati-Middletown, OH-KY-IN $148,500
57. Greensboro-High Point, NC $148,000
58. Des Moines, IA $145,100
59. Cleveland-Elyria-Mentor, OH $144,700
60. Knoxville, TN $143,400
61. Greenville, SC $143,200
62. Houston-Baytown-Sugar Land, TX $142,500
63. St. Louis, MO-IL $141,900
64. Grand Rapids, MI $139,000
65. Omaha-Council Bluffs, NE-IA $137,300

[Eddy Gordo]

Where is Mobile and Montgomery's home prices? my town must be really cheap.

[Darrell]

Originally Posted by Eddy Gordo

Where is Mobile and Montgomery's home prices? my town must be really cheap.

Neither Mobile or Montgomery have an MSA population over 500,000. The list only includes Metro areas over 500k.

[waj0527]

I always wonder how Chicago housing is so cheap. It just doesnt seem like the average house in Baltimore, for example, should cost more than the average hoouse in Chicago.

If Chicago was located in the BoWash corridor, I wonder how much the average house would cost then.

[EastSider]

Milwaukee's ranking surprised me (I thought it would lower). #30? On the list, it's not near cities you'd normally compare it with.

[Eddy Gordo]

Neither Mobile or Montgomery have an MSA population over 500,000.

i saw on the Weather Channel when Hurricane Katrina was coming and it showed the population density for the coastal areas in Louisiana, Mississippi, Alabama, and Florida. it showed Mobile's metro area at 559,000. my city definitely has a metro of over 500,000. look at wikipedia.org or emporis.com and see for yourself.

[jmanhsv]

^That's the Mobile Combined Statistical Area, which I am guessing is Mobile and Baldwin counties. If it ranked CSA's over 500,000, Huntsville would be on there as well (Hsv and Decatur have a CSA of 510,000)

[wheelingman]

Pittsburgh is very cheap compared to other metro areas, but people always bitch still like they do in Rochester, NY.

[Eddy Gordo]

^That's the Mobile Combined Statistical Area, which I am guessing is Mobile and Baldwin counties. If it ranked CSA's over 500,000, Huntsville would be on there as well (Hsv and Decatur have a CSA of 510,000)

maybe with just Daphne, Spanish Fort, and Fairhope combine with Mobile. Not all of Baldwin County is included. The metro would larger by a good amount, but i didn't know Huntsville had a big metro area. Birmingham is on the list. how neglectfull of CNN to rid the other 3 bama cities.

[Darrell]

Originally Posted by Eddy Gordo

maybe with just Daphne, Spanish Fort, and Fairhope combine with Mobile. Not all of Baldwin County is included. The metro would larger by a good amount, but i didn't know Huntsville had a big metro area. Birmingham is on the list. how neglectfull of CNN to rid the other 3 bama cities.

Mobile MSA includes only Mobile County with 400,526 people based on the 2004 Census Bureau Estimate.

Mobile's Median Home Price as of 6-30-05 was $129,100 and Montgomery was $133,300.

[Eddy Gordo]

Mobile MSA includes only Mobile County with 400,526 people based on the 2004 Census Bureau Estimate

oh ok. just curious is all

[ReddAlert]

Originally Posted by EastSider

Milwaukee's ranking surprised me (I thought it would lower). #30? On the list, it's not near cities you'd normally compare it with.

yeah, I also am suprised by Madison too.

[TexasBoi]

Originally Posted by great prairie

I knew DFW and Houston where cheap but not that cheap....

Same here. I expect Dallas to go up just a bit though with all that's going on in the city of Dallas.

[jmanhsv]

Originally Posted by Eddy Gordo

how neglectfull of CNN to rid the other 3 bama cities.

Agreed. . BTW, Huntsville's median home price in June was $126,900. That would make us #70 on the list.

[chicagogeorge]

Originally Posted by TexasBoi

Same here. I expect Dallas to go up just a bit though with all that's going on in the city of Dallas.

If interest rates stay stable, I expect DFW, and Houston to skyrocket in the next 5-7 years. Just a hunch.....

[Xusein]

Hartford, CT suprised me at $257K, we always were known to be a much cheaper area to buy a home than the two expensive giants (Boston and NYC). And we are really more expensive than Philadelphia and Minneapolis (which I heard isn't cheap) and barely less than Chicago.

I think they put too much of the rich suburbs in this, because there are probably few houses at that expense in Hartford proper. Or that the Hartford area is getting more demand since it is so much cheaper than the some of other cities in the area.

I hope it never reaches the level of Stamford (nearly half a mill). But 21 is still very high on that list.

[Third of a kind]

Originally Posted by rotten777

Hartford, CT suprised me at $257K, we always were known to be a much cheaper area to buy a home than the two expensive giants (Boston and NYC). And we are really more expensive than Philadelphia and Minneapolis (which I heard isn't cheap) and barely less than Chicago.

I think they put too much of the rich suburbs in this, because there are probably few houses at that expense in Hartford proper. Or that the Hartford area is getting more demand since it is so much cheaper than the some of other cities in the area.

I hope it never reaches the level of Stamford (nearly half a mill). But 21 is still very high on that list.

You have to remember one reason that the prices of homes in stamford is relatively high is because of the rail connections (metro-north, amtrak), and they have a large number of Business and Corporations from manhattan who either have secondary offices there, or have moved their offices there over the past 30 years. (and their proximity to greenwich also)

[great prairie]

Originally Posted by chicagogeorge

If interest rates stay stable, I expect DFW, and Houston to skyrocket in the next 5-7 years. Just a hunch.....

I think they will both level out around Chicago prices eventually