Want to find a bargain on housing? Don't live in the Salt Lake metro area.
According to a new survey of 300 metro areas in the U.S. and Canada, if you were to purchase a 2,000 square foot home, with 8 rooms, 4 bedrooms and a 2 1/2 baths, it would likely cost you $216,700 in Salt Lake City.While not the most expensive, Salt Lake City is more expensive than the other regional cities. The cost for a similar size home in Denver would be $197,300 and $165,700 in Phoenix.
The survey, conducted by Runzheimer International, chooses the size a home for a middle-income household making about $50,000 a year.
The average home price in the survey was $173,000. "Average" home-price cities include Cleveland, St. Louis and Phoenix.
At the top end, the most expensive housing are in San Francisco, Honolulu, Washington, D.C. and Los Angeles.
A home in the suburbs of Dallas is less than $130,000 and Omaha, Neb., for under $150,000. Other bargain cities include Nashville, Atlanta and Kansas City.