Quote:
Originally Posted by Cletus Awreetus-Awrightus
if what it says is true, the median home price is $400,000, then that is a great deal of real estate wealth.
most areas of the country have a median price of $100,000 - $200,000.
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Yeah, but it's sitting in the middle of a state where $100,000 MIGHT get you a small co-op in an over-55 community if you search hard enough. NJ is one of the most expensive housing markets in the country.
As someone else said, it has to be the area, not just the city of Newark itself. Newark has major issues with crime and poverty and I can't see $400K being the median price of a single-family home within the city limits. For $400K, you could buy a nice condo or a small house in a good town.
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