Home Prices3 bedroom, 2 bath

• Memphis, TN - $99,900• Kenosha, WI - $234,900• Charleston, SC - $270,000• Manhattan, NY - $4,250,000

Kenosha, WI

• Medium-Sized City

• Serves 2 Metropolitan Areas –Chicago & Milwaukee/Madison

Kenosha, WI

• On Lake Michigan

• Reasonably priced family homes

• Many nice neighborhoods to choose from

Housing Supply

The MLS has onlyeight homes listed for sale in Kenosha for between $200,000 and $300,000.

Housing Supply

Charleston, SC, conversely, has 268 homes for sale in this price range.

(Both cities are similar sizes, and both are considered desirable small cities

to live in.)

Housing Supply

Shelby County (Memphis), TN currently has 369 homes for sale in the $200k

- $300k price range.

Housing Supply

Memphis is about five times larger than Kenosha or Charleston, placing it mid-way between these two cities when ranked by

availability of per-capita family home listings.

City to City Fluctuation

• Median age of homebuyer varies significantly

• Prices linked to rising or falling population trends

City to City Fluctuation

• Wisconsin has lower tax rates than Illinois, so Kenosha has not been hit as hard economically as similar nearby cities

• Middle-income housing is affordable, and non-manufacturing sectors have stabilized or improved

City to City Fluctuation

Milwaukee was the only U.S. metropolitan area out of 25

studied in 2009 that experienced a net increase in home sales prices.

City to City Fluctuation

Manhattan’s population density as well as its attraction to hundred of thousands of

citizens in the professional class make its home prices stratospherically

unaffordable.

The average per capita income of Manhattan residents is over $100,000.

ReferencesCruises float $37 million to Charleston economy. (2010, 1

February). States News Service.

Flaum, D. (2007, 11 February). Area economy heats up in January. Commercial Appeal.

Parrott, J. (2007, June). Income numbers show a changing city. Gotham Gazette.

Walker, D. (2009, April 3). Milwaukee bucks national housing trends. Milwaukee Journal Sentinel.

Wonham, L. (2010, April 30). Decline in manufacturing in southeast Wisconsin has many considering reinvention. Daily Reporter.

ReferencesCharleston Trident Multiple Listing Service. Retrieved from

http://www.charlestonrealestateguide.com/listings.php?

Midwest Real Estate Data, LLC. Retrieved from http://www.buyingahomechicago.com/search_results.asp?

Manhattan Multiple Listing Service. Retrieved from http://www.mlsmanhattan.com/mls_manhattan/property_salesearch2.asp

Memphis Multiple Listing Service. Retrieved from http://www.memphismls.com/home