Are You an Age Disruptor? Share Your Story Now!

 

When Does It Pay To Move?

How much money can you make by selling your home and relocating nearby?

If you live in a metropolitan area with high housing costs, a short hop can add up to major savings. Here are five examples:

If you live in : New York City...

where the median home value is: $455,300...

and you move: 90 miles away to Allentown, Pennsylvania...

where the median home value is: $135,400...

you could pocket this difference*: $319,900


If you live in : McLean, Virginia...

where the median home value is: $859,000...

and you move: 65 miles away to Winchester, Virginia...

where the median home value is: $228,800...

you could pocket this difference: $630,200


If you live in : Seattle, Washington...

where the median home value is: $424,600...

and you move: 30 miles away to Tacoma, Washington...

where the median home value is: $226,300...

you could pocket this difference: $198,300


If you live in : Highland Park, Illinois...

where the median home value is: $542,000...

and you move: 40 miles away to Woodstock, Illinois...

where the median home value is: $205,800...

you could pocket this difference: $336,200


If you live in : Boulder, Colorado...

where the median home value is: $410,200...

and you move: 15 miles away to Longmont, Colorado...

where the median home value is: $251,200...

you could pocket this difference: $159,000


Source: Bestplaces.net

Notes: *Figures assume home to be sold is owned free and clear and does not include transaction/closing costs. Bousing data is current as of first quarter, 2011. Median home-value data is derived from local and state Realtor and MLS databases, local county deed records, National Association of Realtors and the Federal Housing Finance Agency.

Join the Discussion

0 | Add Yours

Please leave your comment below.

You must be logged in to leave a comment.

AARP Membership

Discounts & Benefits

    Next Article

    Read This