The Today Show recently aired a piece in which they named the top 10 U.S. cities based on home value. Factoring into their list were things such as cost of living, rising home prices and job growth. My hometown of South Bend, Indiana came in at #1 on the list. Not too shabby, I would say.
Real-estate contributor Barbara Corcoran ranked South Bend first among the “Top 10 Cities for Bargain Homes.” She noted that the median “price is just $89,000, and prices have been rising steadily for almost a full year now.”
There’s certainly a lot of potential growth in the South Bend area. Taking advantage of the University of Notre Dame, the city has opened a high-tech research park known as Innovation Park. Right now the city is focused on being a leader in nanotechnology. Last year Notre Dame was awarded the Midwest Academy of Nanoelectronics and Architectures, which will partner with other research universities to advance the technology. Other developments in South Bend include the newly opened Eddy Street Commons, which combines retail, shopping and dining into one multi-use district.
Here is the full Today Show list:
1. South Bend, Ind.
2. Akron, Ohio
3. Topeka, Kan.
4. New Haven, Conn.
5. Tucson, Ariz.
7. Portland, Maine
9. Kingston, N.Y.
10. Trenton, N.J.