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Akron among most affordable cities for housing

By Stephanie Warsmith Published: May 30, 2012

Akron is among the most affordable U.S. cities for housing, ranking 9th out of 10 on a new listing released by money.cnn.com.

Other Ohio cities that made the list were Dayton (2) and Cincinnatti (10). Indianapolis topped the list.

The rankings, based on home prices, median income and mortage rates, were compiled by the National Association of Home Builders and Wells Fargo.

Akron, according to the site, has a median home price of $96,000, a median income of $66,500 and an affordability score of 90.6 percent.

"With family income just above the national median and such beaten down prices, most families can easily afford to buy a place," says the site, which mentions Akron native LeBron James fleeing to sunny Miami.

James, however, lived in Bath Township, which is just outside of Akron.

 

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