Things are not getting better everywhere. That's one of the themes in the 247WS.com story that points to 10 American cities where homes are cheaper than many new cars.

The list spans across the nation from Florida, to New Jersey to Ohio. But Michigan catches the brunt of the poorly priced real estate market, with Detroit taking the best of the worst honor by having the median listing price is $21,000 for a house, according to Trulia.com. That kind of change might get you a Chevy Cruze or Hyundai Elantra.

A new midsize sedan in the driveway should not cost more than the house it's parked next to.

In reverse order, here's the list and the city's median price for a home. Sadly, it's easy to pick a vehicle that costs more than any of these prices.

10. Port Richey, Florida: $59,900
9. Holiday, Florida: $59,900
8. Youngstown, Ohio: $57,550
7. Dearborn Heights, Michigan: $55,000
6. Whiting, New Jersey: $52,450
5. Warren, Michigan: $49,900
4. Redford, Michigan: $40,000
3. Gary, Indiana: $39,900
2. Flint, Michigan: $31,950
1. Detroit, Michigan: $21,000


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    • 1 Second Ago
  • 107 Comments
      Bill
      • 3 Years Ago
      I recently read about a home in Saginaw, MI that sold for $1.75 on E-bay. That's less than a beer.
        msayana1980
        • 3 Years Ago
        @Bill
        I heard about that. I'm from Saginaw and to tell the truth I wouldn't pay 1 penny for a lot of the homes. The money that is saved from buying a nice house will have to go into fixing the house back up. Sad but true.
      JonathanBond
      • 3 Years Ago
      Anyone else guessed Detroit?
        QCRamAir
        • 3 Years Ago
        @JonathanBond
        First area that came to mind when I read the headline.
      007 Vodka Martini
      • 3 Years Ago
      Funny...read this next: http://ncf.uschamber.com/blog/2012/07/americas-top-10-cities-highest-real-incomes
        Gene Mack
        • 3 Years Ago
        @007 Vodka Martini
        Yep. I think the people up there from Toronto would choke when they saw what their $606k would buy them in Metro Detroit. :)
      Master Austin
      • 3 Years Ago
      I Know I have one client who purchases rental properties throughout, and she was buying homes in Detroit for $5-8K each, and they were structurally well built houses and somewhat o.k. neighborhoods, but when I would I get a laugh having to send out the checks for the property taxes which are essentially half or 1/3rd of what she bought the property for LOL And then they wonder why they have an issue in Detroit...
        GreenN_Gold
        • 3 Years Ago
        @Master Austin
        And a lot of those homes have unpaid back taxes that need to be paid before a new owner can even get clean title to the property.
      Jim
      • 3 Years Ago
      Nothing a nice coat of paint and a little elbow grease wouldn fix, except maybe a little landscaping.
      CJ_313
      • 3 Years Ago
      You can buy a home in the actual city of Detroit for much cheaper. Move-in-ready 3-bedroom frame bungalows typically sell for $4,000-$8,000 in the city, some are on half decent blocks. You can find fixer-uppers here for even less that don't need much work. It's a great city to buy rental property in also. As cheap as it is to buy a home in the city, you'd be surprised by how many renters there are.
      OnTheRocks
      • 3 Years Ago
      Oddly enough, Dearborn Heights is full of $80,000-$100,000 cars. Homes really are a steal here.
      Tyler Poppe
      • 3 Years Ago
      I'd just like to point out that many towns small farm towns in the midwest have houses at this price as well, but it is not because of a failing economy. What made these places unique compared to the multitude of houses in the midwest farm towns?
        wilkegm
        • 3 Years Ago
        @Tyler Poppe
        Its not that there are houses at this price- its the median price. That means for every viable house for, say $40k, there's one for $3k.
        Sean Flanagan
        • 3 Years Ago
        @Tyler Poppe
        Whiting, NJ is a smaller town where the *median* age is 72. Most of the homes are tiny houses in "active adult" communities, and sadly, many of them are on the market as a result of estate sales. I imagine the same is true for the towns in Florida.
      • 3 Years Ago
      [blocked]
        Zoom
        • 3 Years Ago
        FEDEX doesn't even pay it's drivers well. They're all "independent contractors" so Fedex doesn't have to pay workmans comp.
      fwfredi
      • 3 Years Ago
      Thank you mit romney and all the other rebuplins in the USA
        tkevon
        • 3 Years Ago
        @fwfredi
        What in the world did Romney have to do with this? Plenty blame to spread around but remember tha the housing problem started with Fanny Mae and Freddy Mac, clients of Barney Frank and Chris Dodd, respectively, heads of the House and Senate Banking Committees, threatening banks to issue mortgages to people who simply could not afford them. And the auto industry was headed downhill for several years when execs forgot about what customers want. We taxpayers are still paying for GM and Chrysler's bungling.
        Micheals
        • 3 Years Ago
        @fwfredi
        toodowntown Too bad dems have been the dominant political party since the 1950's, especially in said cities. Government stupidity is the only thing the two parties can share.
        Radwon
        • 3 Years Ago
        @fwfredi
        Are you thanking them for the future? Good call.
      Hazdaz
      • 3 Years Ago
      If you look at many of those cities, they used to be big manufacturing areas. This is what happens when you decide that having a Made in China sticker on every item you own is acceptable. Penny-wise, pound-foolish.
        Val
        • 3 Years Ago
        @Hazdaz
        And yet their economy is so strong that they can't find enough workers. US economy also cannot find SKILLED and QUALIFIED workers, that's one of the main reasons why companies go offshore. It is actually a huge problem.
      antacid
      • 3 Years Ago
      so do the auto workers live in mansions with their $80/h?
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