Cheap Houses

CBS News posted an article on their website today about the Cheapest Houses in the United States and some of the most expensive too.

The piece was about a new study done by Real Estate giant Coldwell-Banker.

C-B took 1,000's of listing from cities and towns nation wide and compared the prices of homes of the same size over a 7 month period. Here's what they discovered: The average price of a 4 bed - 2 bath house ranges from over $2,000,000 in the most expensive market to less than Seventy Thousand Dollars for cheap house in the most depressed markets.

The most expensive houses were found in Newport Beach California - for those who don't know that's the setting for the TV show 'The OC'. The Cheapest homes were found in the Detroit area were you can land the same size house for $68,000.

California had 6 out of 10 of the most expensive communities to purchase a home while Michigan garnered 3 of the top 10 spots for cheapest places to buy a house in the U.S. All 10 of the cheapest places to buy real estate were found in the midwest.

Overall the study revealed the average price across the nation for one of these houses was $353 thousand and about 30% of the market had similar houses under $200k.