Most Expensive and Affordable Homes in the US (Photos)

WASHINGTON — California tops the charts when it comes to the most expensive, mid-sized homes. The top 11 real estate markets nationwide are located in the Golden State, with seven of those markets clustered in Silicon Valley.

Maryland comes in 77th on the national list, with Bethesda, Maryland, leading the statewide market for most expensive homes. The average price of a four-bedroom, two-bathroom home in Bethesda is $766,090.

Vienna tops the Virginia real estate market for most expensive listings, but the commonwealth comes in 121th on the national list. The price of a four-bedroom, two-bathroom home in Vienna averages $685,369.

Neither state makes the cut for the most affordable market, which goes to Michigan, with an average home price in Detroit of $64,100. In fact, the average home prices in Maryland’s and Virginia’s most affordable markets are more than double that of Detroit, Michigan.

Listing service Coldwell Banker has released its annual report on the most expensive and affordable homes in the real estate market for four-bedroom, two-bathroom homes across the United States.

Top 5 most expensive Maryland markets:

Market

Median household income

Average price of home

1

Bethesda$142,155$766,090

2

Annapolis$71,289$582,575

3

Arnold$102,367$559,505

4

Severna Park$118,938$541,434

5

Ellicott City$116,166$534,688

Top 5 most affordable Maryland markets:

Market

Median household income

Average price of home

1

Cumberland$32,785$32,785

2

Baltimore$42,417$208,361

3

Salisbury$40,235$231,587

4

Hagerstown$38,754$233,246

5

Edgewood$54,897$236,009

Top 5 most expensive Virginia markets:

Market

Median household income

Average price of home

1

Vienna$123,400$685,369

2

Alexandria$86,510$636,830

3

Annandale$80,293$585,759

4

Fairfax$99,050$563,121

5

Herndon$91,411$532,160

Top 5 most affordable Virginia markets:

Market

Median household income

Average price of home

1

Lynchburg$39,048$135,300

2

Danville$31,700$142,064

3

Roanoke$38,684$158,181

4

Colonial Heights$52,088$175,079

5

Hopewell$37,992$183,333

Top 5 most expensive national markets:

Market

Median household income

Average price of home

1

Saratoga, California$156,298$2,453,718

2

Newport Beach, California$113,657$2,130,338

3

Cupertino, California$127,419$1,812,833

4

Redwood City, California$81,281$1,807,068

5

Arcadia, California$80,830$1,748,680

Top 5 most affordable national markets:

Market

Median household income

Average price of home

1

Detroit, Michigan$27,850$64,110

2

Cleveland, Ohio$27,456$73,073

3

Park Forest, Illinois$46,593$78,392

4

Jamestown, New York$33,449$88,891

5

Utica, New York$31,567$92,891

Coldwell Banker provided the ranking information and images for this list. Coldwell Banker is a real estate home search site offering full-service residential and commercial real estate brokerage services.

Disclosure: The data provided includes the most expensive and affordable listings with four bedrooms, two bathrooms from more than 2,000 real estate markets nationwide, after analysis of more than 50,000 similar-sized homes between January and June 2016.

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