Tulsa Ranks 6th in the 10 Most Affordable Housing Markets Nationwide

According to a recent BusinessWeek report, Tulsa ranks sixth in the 10 most affordable U.S. markets, with the 2007 average home sale price of $153,750, while Oklahoma City ranks among the most expensive with a 2007 average home sales price of $193,750.

The information is based on an annual Coldwell Banker Home Price Comparison Index, which is a comparison of homes across the country. The survey evaluates average selling prices in 317 U.S. markets for single-family houses of about 2,220 SF with four bedrooms, two-and-a-half baths, a family room, and a two-car garage. The cumulative average sales price of these subject homes is $422,343, considerably higher than the National Association of Realtors median home price of $218,200 for all existing homes sold in the U.S.

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