What's interesting about Pittsburgh is that it is one of the few markets Zillow found where home values are increasing on not just a yearly basis, but on a quarterly basis. So they're climbing upward fast enough to see the progress in three-month chunks. In fact, Zillow discovered that half of homes there are increasing in value. Nationwide, only about a quarter of homes are going up in value. The median home price in Pittsburgh is $110,300.
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Tulsa is the most affordable housing market on the top 10 list. It takes just 2.15 years of median income to purchase a home at the median value of $112,300.
That is some good bang for your buck with a median value per square foot of $73. Compare that to $108 a square foot nationally.
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Albany's median home value is $193,100. It's a stable real estate market. Home values in Albany have remained flat this year -- a good thing in times like these. Albany prices were down less than 1 percent at the end of the third quarter of 2010, the most recent quarter for which data is available. Albany also has a low rate of foreclosures, another good sign.
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The median home value in Lancaster, Pa., is $179,300. Home values are down slightly this year, nearly 3 percent, but Lancaster has a relatively strong economy and low foreclosure rate.
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In Madison, average home prices went down from 2009 to 2010, but then went up in the third quarter of 2010, which means Madison real estate is showing encouraging signs that it could be close to a bottom. The median home price in Madison is $206,700.
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Median home value $143,100. Improving economy with the unemployment rate falling 1 percent this year to 6.6 percent helps Green Bay earn a spot in the Best Place to Buy list.
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Lincoln has the lowest unemployment rate out of the 124 cities Zillow looked at -- just 4 percent. And Lincoln houses are very affordable in relation to Lincoln incomes, with a median home value of $134,600.
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