Economy

Want an affordable house? Coldwell Banker says....

In the market for a four-bedroom home? You might not find a better deal than in Macon.

That’s because Macon has one of the nation’s 10 most-affordable housing markets, according to a study released Wednesday by Coldwell Banker.

The real estate firm's annual survey of the price of a 2,200-square-foot home with four bedrooms, two-and-a-half baths and an attached garage puts Macon at No. 7 on the most-affordable list. According to the study, that home costs an average of $139,007 here, compared to $2.1 million in La Jolla, Calif., the most expensive market.

Dorothy Mitchell, managing broker of Coldwell Banker SSK Realtors in Macon, said she was a little surprised to see that Macon ranked so well in the survey, even though residents who relocate from bigger cities often comment that homes here are more affordable.

"They get more house for their money," Mitchell said.

Rather than compare median prices like most housing reports, the survey provides an "apples-to-apples" comparison of similar homes in 310 U.S. markets, according to a Coldwell Baker news release.

Read the complete story at macon.com

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