| |
 |
REITs,
Your Home, and the Asset-Allocation Decision
Page
2
Median
Home Prices for U.S. Metropolitan Areas (Thousands
$) from 1979-1987
| Metropolitan
Area |
1979 |
1980 |
1981 |
1982 |
1983 |
1984 |
1985 |
1986 |
1987 |
| Akron,
OH |
n/a |
46.2
|
49.1
|
51.7
|
51.2
|
50.4
|
52.7
|
56.2
|
57.1
|
| Albany/Schenectady/Troy,
NY |
40.8
|
43.4
|
46.1
|
47.1
|
49.4
|
52.9
|
60.3
|
72.7
|
86.4
|
| Albuquerque,
NM |
n/a |
60.0
|
62.7
|
67.6
|
70.1
|
73.4
|
76.8
|
81.6
|
82.6
|
| Orange
Co. (Anaheim/Santa Ana MSA), CA* |
n/a |
n/a |
131.4
|
131.5
|
133.4
|
132.6
|
134.7
|
146.6
|
165.6
|
| Atlanta,
GA |
n/a |
n/a |
n/a |
55.4
|
63.1
|
66.2
|
n/a |
n/a |
n/a |
| Baltimore,
MD |
48.0
|
52.2
|
57.7
|
62.0
|
n/a |
66.1
|
72.6
|
74.0
|
81.1
|
| Baton
Rouge, LA |
n/a |
66.6
|
69.6
|
69.3
|
n/a |
73.5
|
n/a |
71.0
|
67.8
|
| Birmingham,
AL |
51.2
|
56.2
|
59.2
|
60.6
|
62.8
|
65.1
|
64.5
|
68.3
|
71.6
|
| Boston,
MA |
n/a |
n/a |
n/a |
80.2
|
82.6
|
100.0
|
134.2
|
159.2
|
177.2
|
| Buffalo/Niagara
Falls, NY |
n/a |
n/a |
n/a |
n/a |
n/a |
44.8
|
46.7
|
52.4
|
56.7
|
| Charleston,
SC |
n/a |
n/a |
n/a |
55.7
|
57.5
|
60.9
|
64.8
|
n/a |
72.7
|
| Charlotte,
NC |
n/a |
n/a |
n/a |
n/a |
63.8
|
66.8
|
69.4
|
n/a |
n/a |
| Chattanooga,
TN |
n/a |
n/a |
n/a |
n/a |
49.4
|
52.3
|
52.3
|
55.3
|
59.0
|
| Chicago,
IL |
64.2
|
67.4
|
70.3
|
73.0
|
76.4
|
79.5
|
81.1
|
86.1
|
90.8
|
| Cincinnati,
OH |
n/a |
n/a |
n/a |
n/a |
57.2
|
58.9
|
60.2
|
63.5
|
66.1
|
| Cleveland,
OH |
n/a |
n/a |
n/a |
n/a |
n/a |
62.7
|
64.4
|
66.9
|
68.1
|
| Columbia,
SC |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
67.2
|
68.4
|
| Columbus,
OH |
47.1
|
51.9
|
55.0
|
57.8
|
59.4
|
59.9
|
62.2
|
65.5
|
68.7
|
| Corpus
Christi, TX |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
66.0
|
65.9
|
| Dallas,
TX |
n/a |
n/a |
n/a |
76.7
|
80.9
|
86.8
|
94.0
|
93.8
|
94.2
|
| Daytona
Beach, FL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
57.7
|
60.2
|
| Dayton/Springfield,
OH |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
57.3
|
59.4
|
| Denver,
CO |
n/a |
n/a |
n/a |
76.2
|
78.3
|
82.7
|
84.3
|
86.4
|
88.9
|
| Des
Moines, IA |
n/a |
51.1
|
52.5
|
52.6
|
53.0
|
52.4
|
52.5
|
55.9
|
55.6
|
| Detroit,
MI |
44.1
|
47.6
|
48.5
|
47.5
|
47.5
|
48.5
|
51.7
|
58.1
|
65.6
|
| El
Paso, TX |
n/a |
46.3
|
52.6
|
56.8
|
55.8
|
57.8
|
57.6
|
59.0
|
59.2
|
| Ft.
Lauderdale/Hollywood/Pompano Bch, FL |
53.4
|
64.4
|
72.8
|
74.2
|
73.9
|
73.1
|
74.6
|
77.7
|
79.6
|
| Ft.
Myers/Cape Coral, FL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
59.9
|
| Ft.
Worth, TX |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
75.0
|
| Grand
Rapids, MI |
n/a |
37.9
|
38.6
|
39.1
|
41.3
|
42.8
|
46.7
|
50.4
|
53.5
|
| Greenville/Spartanburg,
SC |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
64.3
|
64.2
|
| Hartford,
CT |
n/a |
72.9
|
81.4
|
82.9
|
81.2
|
87.4
|
99.6
|
129.0
|
157.4
|
| Honolulu,
HI |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
172.0
|
186.0
|
| Houston,
TX |
58.7
|
65.6
|
72.7
|
77.2
|
79.9
|
77.6
|
78.6
|
69.9
|
65.9
|
| Indianapolis,
IN |
43.8
|
46.3
|
49.7
|
50.6
|
52.8
|
53.1
|
55.0
|
59.0
|
62.5
|
| Jackson,
MS |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
62.7
|
| Jacksonville,
FL |
n/a |
n/a |
n/a |
n/a |
51.9
|
55.7
|
58.4
|
62.8
|
65.1
|
| Kalamazoo,
MI |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
49.9
|
| Kansas
City, MO/KS |
41.7
|
44.4
|
46.1
|
58.1
|
58.8
|
59.1
|
61.4
|
65.4
|
69.8
|
| Knoxville,
TN |
n/a |
n/a |
52.8
|
57.1
|
57.5
|
59.4
|
58.2
|
60.3
|
65.4
|
| Lansing/East
Lansing, MI |
n/a |
n/a |
n/a |
n/a |
n/a |
48.2
|
50.3
|
52.4
|
54.5
|
| Las
Vegas, NV |
n/a |
n/a |
n/a |
n/a |
75.1
|
76.3
|
75.1
|
77.5
|
77.0
|
| Lexington/Fayette,
KY |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
67.7
|
72.5
|
| Lincoln,
NE |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
54.8
|
| Little
Rock/N. Little Rock, AR |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
63.2
|
63.1
|
| Los
Angeles Area, CA* |
87.7
|
104.9
|
111.4
|
119.6
|
118.9
|
121.6
|
125.2
|
135.8
|
147.1
|
| Louisville,
KY |
n/a |
42.9
|
45.6
|
45.0
|
47.4
|
48.9
|
50.6
|
51.6
|
51.7
|
| Madison,
WI |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
66.4
|
69.2
|
| Melbourne/Titusville/Palm
Bay, FL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
66.7
|
| Memphis,
TN |
44.5
|
52.8
|
55.9
|
59.3
|
61.6
|
64.1
|
64.6
|
70.6
|
75.0
|
| Miami/Hialeah,
FL |
n/a |
n/a |
n/a |
n/a |
n/a |
79.5
|
80.5
|
81.1
|
81.1
|
| Milwaukee,
WI |
59.4
|
62.0
|
64.5
|
65.8
|
68.0
|
68.2
|
67.5
|
69.9
|
70.5
|
| Minneapolis/St.
Paul, MN |
59.8
|
65.5
|
69.7
|
72.4
|
73.6
|
74.0
|
75.2
|
77.9
|
80.5
|
| Mobile,
AL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
55.6
|
| Montgomery,
AL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
61.0
|
64.8
|
| Nashville/Davidson,
TN |
n/a |
52.9
|
55.7
|
58.0
|
61.0
|
62.9
|
66.1
|
70.8
|
75.5
|
| New
Haven/Meridan, CT |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
156.9
|
| New
Orleans, LA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
| NY/N.
New Jersey/Long Island, NY/NJ/CT |
n/a |
n/a |
73.2
|
77.1
|
88.9
|
105.3
|
134.0
|
160.6
|
183.5
|
| Oklahoma
City, OK |
n/a |
n/a |
54.1
|
58.5
|
61.6
|
63.9
|
64.7
|
63.0
|
62.3
|
| Omaha,
NE |
n/a |
n/a |
n/a |
52.6
|
55.3
|
56.2
|
58.3
|
58.8
|
59.0
|
| Orlando,
FL |
n/a |
n/a |
59.6
|
63.5
|
64.4
|
70.1
|
70.3
|
72.5
|
76.2
|
| Peoria,
IL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
45.7
|
46.5
|
| Philadelphia,
PA |
52.2
|
56.9
|
59.2
|
58.1
|
n/a |
n/a |
74.0
|
82.4
|
97.0
|
| Phoenix,
AZ |
n/a |
n/a |
n/a |
n/a |
n/a |
74.4
|
74.8
|
78.4
|
80.9
|
| Pittsburgh,
PA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
| Portland,
OR |
n/a |
n/a |
n/a |
n/a |
n/a |
62.9
|
61.5
|
62.6
|
64.2
|
| Providence,
RI |
44.3
|
49.7
|
50.0
|
49.7
|
54.7
|
59.6
|
67.5
|
87.6
|
121.4
|
| Raleigh/Durham,
NC |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
89.5
|
98.0
|
| Reno,
NV |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
93.8
|
| Riverside/San
Bernardino, CA* |
62.8
|
71.7
|
79.6
|
78.8
|
80.4
|
81.5
|
85.0
|
92.1
|
96.1
|
| Rochester,
NY |
38.7
|
41.7
|
45.9
|
49.5
|
54.8
|
59.7
|
64.2
|
68.3
|
72.5
|
| Rockford,
IL |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
56.2
|
| Sacramento,
CA* |
n/a |
65.0
|
73.1
|
76.4
|
75.7
|
76.3
|
77.9
|
82.9
|
87.5
|
| Saginaw,
MI |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
42.7
|
| Salt
Lake City/ Ogden, UT |
53.8
|
58.0
|
62.9
|
64.6
|
64.3
|
65.8
|
66.7
|
68.5
|
69.4
|
| San
Antonio, TX |
40.5
|
46.6
|
53.6
|
58.3
|
62.6
|
67.5
|
67.7
|
69.2
|
70.2
|
| San
Diego, CA* |
79.0
|
86.2
|
97.4
|
98.9
|
99.3
|
100.6
|
107.4
|
118.5
|
129.2
|
| San
Francisco Bay Area, CA* |
89.5
|
110.2
|
121.6
|
128.0
|
133.7
|
134.1
|
145.1
|
166.2
|
176.7
|
| Seattle/Tacoma,
WA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
82.6
|
| Shreveport,
LA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
| South
Bend/Mishawaka, IN |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
45.4
|
| Spokane,
WA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
51.2
|
| Springfield,
MA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
87.6
|
105.2
|
| St.
Louis, MO |
n/a |
n/a |
n/a |
57.0
|
58.9
|
61.8
|
65.7
|
70.9
|
74.4
|
| Syracuse,
NY |
n/a |
41.7
|
43.2
|
45.1
|
48.7
|
50.7
|
58.8
|
64.3
|
68.9
|
| Tampa/St.
Petersburg/Clearwater, FL |
38.4
|
45.2
|
51.9
|
53.9
|
55.5
|
58.4
|
58.4
|
61.1
|
63.8
|
| Toledo,
OH |
n/a |
n/a |
n/a |
n/a |
51.8
|
50.7
|
51.9
|
56.0
|
56.3
|
| Tulsa,
OK |
n/a |
52.7
|
59.2
|
63.3
|
64.1
|
67.3
|
66.7
|
65.5
|
65.7
|
| Washington,
DC/MD/VA |
76.3
|
86.0
|
88.3
|
87.2
|
89.4
|
93.0
|
97.1
|
101.6
|
114.2
|
| W.
Palm Bch/Boca Raton/Delray Bch, FL |
n/a |
n/a |
82.2
|
87.2
|
86.5
|
84.8
|
88.3
|
92.6
|
102.6
|
| Wichita,
KS |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
| Worcester,
MA |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
139.1
|
| Youngstown/Warren,
OH |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
46.6
|
Source:
National Association of Realtors
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