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Daniel Acker
Two Ohio metro areas have among the top 5 cheapest housing in the country, according to quarterly data from the National Association of Realtors.
- Staff Dayton Business Journal
While showing strong economic growth, Ohio's housing market has yet to fully recover. And two Ohio metro areas have among the top 5 cheapest housing in the country, according to quarterly data from the National Association of Realtors.
The most affordable market in the nation belongs to Youngstown, where the median single-family home price costs $78,000. The third spot on the list belongs to Toledo, where the median house costs $87,000.
While Dayton is not among the top five, it is routinely listed among the most affordable housing markets in the U.S.
Dayton's affordability makes its attractive to employers who don't want to be bogged down by sky-high real estate prices and soaring costs of living. It also means the region stands to have a higher percentage of workers move here when a company relocates to the area, as happened with the BRAC jobs that moved to Wright-Patterson Air Force Base.
Nationwide, the association says the median existing single-family home price in the fourth quarter was up 6 percent from a year ago.
The most expensive housing market was San Jose, Calif., with a median price of $855,000. San Francisco, Honolulu, Anaheim and San Diego were the next most expensive markets.