Advertisement

Want a Single-Family Home in N.Y.C.? It’ll Cost $207,000

Share
Associated Press

Single-family homes in New York City are the most expensive in the country, costing an average of more than $207,000, according to a new survey.

The Los Angeles metropolitan area was ranked second with an average home price of $199,800, the Santa Clara-San Jose area was fourth and San Diego was sixth.

The least expensive market for single-family homes is Decatur, Ill., where the average price is $46,000, according to the survey by Relo Residential Brokerage Network.

Advertisement

The survey indicated that home prices nationwide rose 6.4% during the first three months of the year, with the average price for a single-family house rising to $117,400 from $110,300 during the same period a year earlier.

The survey was based on prices in 77 major metropolitan markets in the United States.

After New York and Los Angeles, the most expensive markets, with the average price of a one-family home in each market, were: Boston, $194,200; Santa Clara-San Jose, $190,900; Worcester, Mass., $185,800; San Diego, $175,000; San Francisco, $161,900; Detroit, $144,400; Philadelphia, $140,000, and Nashua, N.H., $135,400.

Advertisement