Real estate buck stretches furthest in Indianapolis
Friday, February 23rd, 2007Indianapolis maintained its standing as the most affordable major U.S. housing market for a sixth consecutive quarter in the fourth quarter of 2006, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released this week.
Some 89 percent of Indianapolis homes sold in the fourth quarter were affordable to families earning the area’s median household income of $65,100, and the median sales price of all homes sold in Indianapolis during that time was $113,000, down from the $122,000 median sales price in the previous quarter.




investment property