http://realestate.msn.com/slideshow....76>1=35000#4
Mililani's a nice place to live, but beating out 47 other states for "affordability"? Bloomberg does a lot of good rankings lists but I'm not sure that this got a reality check.
$370K may be the median price, but I don't think it buys what most would think of as a median home...
Back in the 1990s, when these types of lists were much less common, having your town on one would start a gold rush of real-estate investors. It'll be interesting to see if this has any bubble effect on property values.
The 10 best affordable U.S. suburbs
3. Mililani Town, Hawaii
Nearest major city: Honolulu
Population: 26,790
Median family income: $98,384
Median home price: $370,000
Unemployment rate: 5.3%
Violent crime index: 3
This planned community has a golf course, tech park, community centers and shopping malls. There are several schools in this upper-middle-class area, which serves as a bedroom community for Honolulu. The area also has upscale communities, such as Mililani Mauka, and a very low crime rate. It was considered by Money magazine to be one of the best places to live in 2005.
3. Mililani Town, Hawaii
Nearest major city: Honolulu
Population: 26,790
Median family income: $98,384
Median home price: $370,000
Unemployment rate: 5.3%
Violent crime index: 3
This planned community has a golf course, tech park, community centers and shopping malls. There are several schools in this upper-middle-class area, which serves as a bedroom community for Honolulu. The area also has upscale communities, such as Mililani Mauka, and a very low crime rate. It was considered by Money magazine to be one of the best places to live in 2005.
$370K may be the median price, but I don't think it buys what most would think of as a median home...
Back in the 1990s, when these types of lists were much less common, having your town on one would start a gold rush of real-estate investors. It'll be interesting to see if this has any bubble effect on property values.
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