Upstate New York cities offer a sharp contrast with their downstate big brother, quiet compared with frenzied. And unlike Gotham, upstate housing markets are among the most affordable in the country.
The city of Syracuse is no exception. Nearly all its growth came before 1930 and it has lost population nearly every decade since. Many residents moved to the suburbs after World War II but even the larger metro area has seen close to zero growth over the past 20 years.
But the stagnation has resulted in a stable housing stock, as low demand has kept prices down. Even better, many jobs in the area pay well, thanks to major employers like the State University Upstate Medical University, Syracuse University and Lockheed Martin. Workers have an easy time affording homes, with three-bedroom houses going for $100,000 or less.
From Los Altos, Calif. to Brooklyn, N.Y., these 20 cities had the highest number of home sales exceeding $1 million during the 12 months ended June 30, 2013.
|Overnight Avg Rate||Latest||Change||Last Week|
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