This L.A. home sells for $439,000.
Median home price: $320,000
Median income: $63,000
Affordability score: 40.3
Los Angeles boasts an incredible array of single-family home neighborhoods from the astronomically expensive to the down and dirty. Affordability has improved greatly over the past few years, with a full 40% of homes sold there now within the grasp of typical families. That's up from about 3% a few years ago.
This home is located in the eastern part of the city, south of Pasadena. It's a contemporary ranch with an updated kitchen, bamboo floors and lots of glass tile. There's nearly 1,900 square feet of floor space.
Los Angeles is slowly recovering from the housing bust, which hit the town hard. The benefit to all the turmoil is a much better selection of homes for sale at many price points.
For further information: Trulia
Median income: $63,000
Affordability score: 40.3
Los Angeles boasts an incredible array of single-family home neighborhoods from the astronomically expensive to the down and dirty. Affordability has improved greatly over the past few years, with a full 40% of homes sold there now within the grasp of typical families. That's up from about 3% a few years ago.
This home is located in the eastern part of the city, south of Pasadena. It's a contemporary ranch with an updated kitchen, bamboo floors and lots of glass tile. There's nearly 1,900 square feet of floor space.
Los Angeles is slowly recovering from the housing bust, which hit the town hard. The benefit to all the turmoil is a much better selection of homes for sale at many price points.
For further information: Trulia
NEXT: Fifth place: Santa Ana, Calif.
Last updated November 19 2010: 1:44 PM ET