Money Magazine features photo submitted by ExploreSpring.com (Spring TX Premier on line Community) of Old Town Spring in Where Homes are Affordable List as Spring makes its first appearance on the list. While its first formal appearance on a national ranking, Spring began its emergence last year making contender lists on CNN Money and U.S. News and World Reports
Spring, TX, July 17, 2008. ExploreSpring.com is proud to announce that Spring has been selected as being one of the most affordable cities in the nation for home ownership. 2008 is Spring’s first year on Money Magazine’s Top 25 “Best Places to Live: Where Homes are Affordable” ranking, released this month. While this is Spring’s 1st year as an official list maker, in 2007 it was a contender on Money Magazine’s Best Places to Live List and U.S. News and World Report’s Best Places to Retire.
Spring’s family purchasing power and median home price were factors that helped make Spring a top Money Magazine pick. According to Money Magazine, “residents who buy real estate in these 25 growing cities see their incomes go the furthest”. The Where homes are affordable list featured 6 Texas cities, 2 of which are in the North Houston Metropolitan area –Spring at #15 and Atascocita at # 19.
The Top 25 Where Homes are Affordable cities as determined by criteria developed by Money Magazine are: 1.Nicholasville, KY – Median home price: $70,000, Median family income: $53,505; 2. Watauga, TX – Median home price: $117,040, Median family income: $73,203; 3. Redan, GA – Median home price: $115,000, Median family income: $71,466; 4. Franklin, IN – Median home price: $103,000, Median family income: $63,555; 5. Clay, NY – Median home price: $124,000, Median family income: $72,488; 6. Plainfield, IN – Median home price: $124,000, Median family income: $72,282; 7.. Marion, IA – Median home price: $131,500, Median family income: $76,576; 8. Omaha, NE – Median home price: $113,000, Median family income: $65,611; 9. Clinton, MI – Median home price: $132,318, Median family income: $76,643; 10. Bellevue, NE – Median home price: $120,000, Median family income: $69,192; 11. Russellville, AR – Median home price: $85,000, Median family income: $48,589; 12. Mission Bend, TX – Median home price: $133,000, Median family income: $75,974;
13. Arnold, MO – Median home price: $119,600; Median family income: $68,165; 14. Des Moines, IA – Median home price: $105,000, Median family income: $59,724; 15. Spring, TX – Median home price: $131,005, Median family income: $74,298 16. Lake Jackson, TX – Median home price: $149,426, Median family income: $84,069; 17. Janesville, WI – Median home price: $124,700, Median family income: $69,706 18. Beavercreek, OH – Median home price: $168,000, Median family income: $93,540; 19. Atascocita, TX – Median home price: $171,462, Median family income: $94,508; 20. West Des Moines, IA – Median home price: $161,500, Median family income: $88,096; 21. Pearl, MS – Median home price: $100,000; Median family income: $54,471 22. La Porte, TX – Median home price: $136,990, Median family income: $74,478; 23. Westerville, OH – Median home price: $184,950, Median family income: $100,385; 24. La Vergne, TN – Median home price: $127,000, Median family income: $68,590; 25. Papillion, NE – Median home price: $169,000, Median family income: $90,921.
Pictured left and on CNNMoney.com is The Happy Peddler boutique in Old Town Spring, submitted to Money Magazine by request from ExploreSpring.com. “Spring is a premier City in Texas. We’ve got it all! We’ve got great weather, a low crime rate, low unemployment, blazing growth, terrific schools, proximity to major attractions, all in a wonderful small town,” commented Elle Carnes.
Spring has experienced impressive growth over the last five years. This is reflective of Spring’s affordability, thriving economy, and great schools. Spring ranked as number 15 out of 25 top ranking affordable cities in the nation. Anyone who would like more information regarding this prestigious recognition please go to Spring’s community web site (www.explorespring.com) or Money Magazine’s website.
