Share this article

print logo

These WNY communities are right on the Money Magazine puts 5 places on affordable home list

If you're looking for a deal on a house, there is no need to look far.

A new list ranking the most affordable communities in the nation to own a home is out, and guess who made the cut?

Tonawanda and Kenmore were in the Top 10.

Depew, Lancaster and Cheektowaga were among the Top 25.

The news was no big surprise to anyone in Western New York, where the economy is nothing to brag about, but the affordability of housing is touted as a regional advantage.

"[Lancaster] is not only inexpensive, but it's a nice place to live," said Lancaster Town Supervisor Robert H. Giza. "I always felt that, but it's nice when someone else recognizes it."

The five communities made a list of places with the "most affordable homes" based on real estate and census data compiled by Money magazine.

The list was released this week on the magazine's Web site at

The magazine divided median family income by median home prices and ranked communities based on a home price-to-income ratio.

Tonawanda -- in reference to both the city and town -- fared well, coming in at No. 3, while the Village of Kenmore made it to No. 8.

"Tonawanda commonly refers to several towns in Western New York, but in this case we're talking about the two that run along the Niagara River with attractive affordable homes," wrote Money magazine's Jeff Cox. "Values are easily found for under $100,000, making this region both beautiful and budget-friendly."

Depew came in at No. 11, Lancaster No. 14 and Cheektowaga No. 17.

"It's great," said Cheektowaga Supervisor James J. Jankowiak. "We're one of the best kept secrets."

Kenmore Mayor John W. Beaumont recalled Tuesday that, years earlier, the village ranked high on a similar list.

"I'm glad we got the acknowledgment," Beaumont said of the latest recognition.

Many of the other areas were in Pennsylvania, Michigan and Ohio -- old industrial regions similar to Buffalo.

The average housing price in the 25 communities mentioned was less than half the cost of home prices in hot markets like Boston, San Francisco and Seattle, according to the magazine.

Northbrook, Ohio, outside Cincinnati, ranked as the most affordable place to own a home.

The ranking of communities with the most affordable homes is a subset category for Money magazine's online product and is a companion to the magazine's annual list of America's "Best Places to Live," which hits newsstands Monday.

No Western New York communities made that list.


There are no comments - be the first to comment