By Mike Rhodes, Editor-in-chief—
Muncie, IN—A recent study published by Insurify.com using data gathered from Realtor.com lists Muncie, Indiana as the #1 city in the USA for affordable housing.
Here are some of Muncie’s stand-out findings according to the report:
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Median home listing price: $85,217, which is 75.4% below the national average
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Median price per foot: $62.37, which is 55.9% below the national average
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Median days on the market: 63, which is 17.11% below the national average
The study also indicated that Muncie homes are likely undervalued at present and that Muncie’s housing market could also have long-term growth potential despite the effects of the pandemic.
The data scientists at Insurify, a site where users can compare home insurance quotes, referred to real estate data gathered from Realtor.com to determine the cities with the most affordable housing markets. Specifically, they evaluated cities based on Realtor.com’s housing market data to determine which reported the lowest median listing price per house. To account for fluctuations month to month, the data scientists at Insurify took the median listing price for each city over the most recent three months and averaged it, then used these averages to identify the top 20 cities with the most affordable houses on the market.
The Top 20 Most Affordable Cities to Buy A Home
- Muncie, Indiana
- Terre Haute, Indiana
- Decatur, Illinois
- Lawton, Oklahoma
- Peoria, Illinois
- St. Joseph, Missouri
- Bloomington, Illinois
- Kokomo, Indiana
- Springfield, Illinois
- Youngstown, Ohio
- Erie Pennsylvania
- Springfield, Ohio
- Huntington, West Virginia
- Jamestown, New York
- Albany, Georgia
- Topeka, Kansas
- Davenport, Iowa
- Wichita Falls, Texas
- Waterloo, Iowa
- Akron, Ohio
For more information on the study, visit https://insurify.com/insights/most-affordable-cities-to-buy-a-house-2021/
