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American Dream homes: Prices in 9 cities

According to Coldwell Banker, Americans aspire to own a four-bedroom, two-bath home with roughly 2,200 square feet of space. What you'll pay, however, varies dramatically: from an average of $60,000 in Redford, Mich., to $1.7 million in Los Altos, Calif.

Redford, Mich.

gallery american dream homes redford
  • Average listing price in area: $60,490
  • This home: $65,000
  • Description: 4 beds, 2 baths; 2,061 square feet

A suburb of Detroit with safe streets and good schools, Redford was pummeled when the auto industry melted down -- and home prices have still not recovered.

That's good news for buyers. With an average listing price of little more than $60,000, practically any working family can afford to buy a home.

And they'll get a lot of bang for their buck: This classic Colonial, for example, features a sun porch, fireplace and a two-car garage. And buyers can expand their living space into the unfinished basement.

For further information: Trulia

Source: Coldwell Banker
  @CNNMoney - Last updated December 13 2012 07:03 PM ET

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