Cities where houses cost less than cars

Meghin Moore, special to wtop.com

WASHINGTON – In at least 10 cities across the nation, buying a home can be cheaper than buying a new car.

Many of the cities where homes are cheaper than cars are located in Michigan, once home to a booming auto industry.

24/7 Wall St. released its list of where the median price of a home can be less than the price of some cars, like a Cadillac Escalade or Chevy Suburban.

1. Detroit, Mich.: $21,000
2. Flint, Mich.: $31,950
3. Gary, Ind.: $39,900
4. Redford, Mich.: $40,000
5. Warren, Mich.: $49,900
6. Whiting, N.J.: $52,450
7. Dearborn Heights, Mich.: $55,000
8. Youngstown, Ohio: $57,550
9. Holiday, Fla.: $59,900
10. Port Richey, Fla. $59,900

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