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PORTLAND, Ore. (KOIN) — Seems, the concept housing is inherently inexpensive in cities than in cities is basically fiction, in line with a new study by LendingTree.
For this evaluation, LendingTree compiled the info from the U.S. Census Bureau 2022 American Group Survey on 50 U.S. cities with populations between 10,000 and 50,000.
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The highest three United States cities with the very best residence values are Winery Haven, Mass. ($998,100), Jackson, Wyo. ($847,300) and Breckenridge, Colo. ($760,000).
However among the many prime 25, 5 Oregon cities made the record:
7) Hood River
Complete inhabitants: 23,965
Median residence worth: $492,500
Metro with comparable median residence worth: Portland, Ore.
10) Astoria
Complete inhabitants: 41,190
Median residence worth: $407,700
Metro with comparable median residence worth: Austin, Tex.
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16) Prineville
Complete inhabitants: 24,987
Median residence worth: $368,200
Metro with comparable median residence worth: Las Vegas, Nev.
18) Brookings
Complete inhabitants: 23,404
Median residence worth: $353,200
Metro with comparable median residence worth: Baltimore, Md.
25) The Dalles
Complete inhabitants: 26,639
Median residence worth: $298,200
Metro with comparable median residence worth: Dallas, Tex.
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Honorable point out:
39) La Grande
Complete inhabitants: 26,286
Median residence worth: $243,400
Metro with comparable median residence worth: New Orleans, La.
The total prime 25 cities are as follows:
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Winery Haven, Mass.
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Jackson, Wyo.
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Breckenridge, Colo.
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Steamboat Springs, Colo.
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Hailey, Idaho
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Gardnerville Ranchos, Nev.
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Hood River, Ore.
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Ellensburg, Wash.
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Los Alamos, N.M.
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Astoria, Ore.
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Juneau, Alaska
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Fredericksburg, Tex.
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Kill Satan Hills, N.C.
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Easton, Md.
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Sandpoint, Idaho
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Prineville, Ore.
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Ketchikan, Alaska
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Brookings, Ore.
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Sheridan, Wyo.
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Montrose, Colo.
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Taos, N.M.
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Moscow, Idaho
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Brevard, N.C.
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Pullman, Wash.
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The Dalles, Ore.
General, the research discovered that many cities throughout the nation have some residence common residence values that rival, and even exceed, these of a few of the nation’s 50 largest metropolitan areas, together with Los Angeles ($772,000) and San Francisco ($1,073,300).
That is doubtless because of many costly cities being well-liked trip spots for extra prosperous people. In response to LendingTree, these patrons should purchase the housing provide that usually comes with a rural space and additional drive up costs.
Moreover, even rural cities that aren’t well-liked trip spots can see excessive costs solely because of restricted actual property and housing within the space. This creates competitors amongst patrons, and once more, additional will increase costs.
Regardless of these outcomes, the research did state that not all actual property in smaller cities is “prohibitively costly.” Nonetheless, the present high-rate, high-price housing market does make it a bit tougher.
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