The Best Places

Median home values

Writing by Rich on March 25, 2007

After 10 years in California, without being able to afford to buy a house, my wife and I are very sensitive to this issue. So home values represent a key criterion for us. The table below uses median home value data from Yahoo! Real Estate. Their numbers appear fairly stable; I had checked many of these cities last month and the numbers haven’t changed much in most cases.

A few numbers surprised me — an out of the way town like Salida, Colorado coming in at over $400,000. Reno, Nevada topped 400K as well. On the other end, look at Truth or Consequences, New Mexico — $75,000! Now that could be off, but the most recent issue of Men’s Journal lists Truth or Consequences as one of the best places to live (jn the best hideaway category), and quotes a median home price of $101,000. So it’s not that far off.

So with that introduction, here’s the list…

City, State Median home price
Albuquerque, NM 230,000
Asheville, NC 279,900
Bishop, CA 439,900
Colorado Springs, CO 224,500
Durango, CO 549,000
Farmington, NM 229,900
Grand Junction, CO 277,900
Las Cruces, NM 290,000
Las Vegas, NM 195,000
Las Vegas, NV 359,750
Prescott, AZ 438,500
Pueblo, CO 159,558
Reno, NV 420,000
Rio Rancho, NM 179,500
Salida, CO 429,000
Silver City, NM 222,000
Truth or Consequences, NM 75,000
Tucson, AZ 258,000

Category: Best places criteria

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