If you’re looking for a market with affordable Atlanta real estate, Coldwell Banker Real Estate has released its Home Listing Report. This snapshot survey reveals average listing prices for four-bedroom, two-bath homes in more than 2,300 North American markets that were listed on the Coldwell Banker website.

Georgia has three of the top 10 most affordable markets (based on average listing price from September 2010 to March 2011.) Surprisingly enough, each city that made the list is within a 20 mile commute of Atlanta, which has an average listing price of $255,000.

• Riverdale, Ga., was the second most affordable market with an average listing price of just $61,618.
• College Park, Ga., ranked fourth with an average listing price of $72,477.
• Lithonia, Ga., came in at number eight with an average listing price of $77,385.

Niagra Falls, N.Y., took the top spot on the most affordable list with average housing prices at just $60,820. The state of California had six of the top 10 most expensive markets. Newport Beach, Calif., was number one with an average listing price of more than $2.5 million.

To put the prices in perspective, a house that sells for $200,000 with a 30-year-fixed mortgage, five-percent interest rate and 20-percent down payment would have a monthly mortgage payment of less than $860. A home that sold at the average Niagra Falls price ($60,820) with the same parameters could have a monthly mortgage payment of just $260!

Here are some other interesting statistics from the Home Listing Report:

• 24 U.S. markets surveyed have average listing prices of less than $100,000
• 1,545 markets have prices less than $300,000
• The average of all U.S. markets combined was roughly $293,000

To read the full report, visit the Coldwell Banker Home Listing Report website.

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