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Wis., Minn. cities rank on most affordable housing list

A home is shown for sale in Springfield, Ill. Both Wisconsin and Minnesota had cities land on Caldwell Banker's most affordable housing list. (AP Photo/Seth Perlman)

A home is shown for sale in Springfield, Ill. Both Wisconsin and Minnesota had cities land on Caldwell Banker's most affordable housing list. (AP Photo/Seth Perlman)

By Scott Carlson
Dolan Media Newswires

MINNEAPOLIS, MN — The Twin Cities and three Wisconsin cities rank as some of the nation’s most affordable housing markets, according to report released Wednesday by Coldwell Banker.

The Edina, Minn.-based realty firm’s conclusion is based on its survey of 18,000 four-bedroom, two-bathroom homes on coldwellbanker.com that were listed between February and August of this year from nearly 300 selected U.S. markets.

Of Minnesota cities in the national survey, St. Cloud is the most affordable market with a typical four-bedroom, two-bathroom, according to CB’s Home Listing Report. Of 296 U.S. markets surveyed,  St. Cloud ranked No. 65 for affordability with the its typical four-bedroom, two-bathroom home listing for $187,181.

Meanwhile, St. Paul ranked No. 130 on the Home Listing Report with its average sales price listed at $236,491. Minneapolis was No. 151 on the survey with the typical four-bedroom, two-bath home listing for $259,954.

Most expensive of the Minnesota cities surveyed was Edina, ranked No. 217 with the average listing price at $403,473. Still, that Edina home listing was about $1.4 million less than the most expensive market in the nation, Newport Beach, Calif., where a similar home’s list price was $1.8 million.

In Wisconsin, Fond du Lac ranked No. 11, Wausau was 32nd and Green Bay was 34th.

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