America’s Least Overpriced / Most Underpriced Cities

Forbe’s list from 2007 covers the least over-priced US cities and Austin ranks 2nd!

1. Charlotte, N.C.

Median home price: $190,600
P/E: 15th lowest
Affordability rank: 8th most affordable
Housing price trend: 8%

2. Austin

Median home price: $173,700
P/E: 12th lowest
Affordability rank: 13th most affordable
Housing price trend: 4.9

3. Raleigh, N.C.

Median home price: $213,700
P/E: 17th lowest
Affordability rank: 14th most affordable
Housing price trend: 14.5%

4. Detroit

Median home price: $151,700
P/E: 8th lowest
Affordability rank: 2nd most affordable
Housing price trend: -1%

5. St. Louis

Median home price: 147,900
P/E: 11th lowest
Affordability rank: 3rd most affordable
Housing price trend: 0.5

6. Pittsburgh

Median home price: $116,100
P/E: 3rd lowest
Affordability rank: 5th most affordable
Housing price trend: -1.8%

7. Orlando

Median home price: $272,100
P/E: Lowest
Affordability rank: 15th least affordable
Housing price trend: 3.9%

8. Philadelphia

Median home price: $230,200
P/E: 16th lowest
Affordability rank: 11th most affordable
Housing price trend: 3.3%

9. Indianapolis

Median home price: $119,300
P/E: 2nd lowest
Affordability rank: Most affordable
Housing price trend: -4%

10. El Paso

Median home price: $127,600
P/E: 12th lowest
Affordability rank: 13th most affordable
Housing price trend: 4.9%