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24/7 Wall St.: Cities Where Homes Cost Less Than a Car

9. Holiday, Fla.

Median listing price: $59,900
Comparably priced car: Tesla Model S ($69,900 with 85 kwh battery)
Housing price change (year over year): -0.1%
Median household income: $37,240
Unemployment: 8.6%

Holiday’s 22.2% vacant housing rate, nearly twice the national average, is a hole so big that it will take years for housing demand to match supply. The 8.6% unemployment rate, though unexceptional for America, may further stunt a local recovery. Like neighboring Port Richey, housing prices have also plummeted 48% from their peak, according to the FHFA.



More From 24/7 Wall St.:
Fastest-Growing Cities in America
America's Sickest Housing Markets
Best Cities for Millennials



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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