fedgazette

Yankton go home

South Dakota State Roundup

Published January 1, 2003  |  January 2003 issue

Ten years ago, Yankton civic leaders were struggling with a housing shortage. Now the city has the country's most affordable housing market, according to a 2002 Coldwell Banker report.

The survey compares the average price of a 2,200-square-foot, four-bedroom home in 317 U.S. markets. In Yankton, the selling price for this "typical" home is $101,062. In Palo Alto, Calif., the nation's most expensive housing market, a comparable home would sell for over $1.2 million. Minot, N.D., is the country's second most affordable market, according to the survey, and Billings, Mont., is fourth on the list.
Yankton city managers attribute the improvement to a large housing development financed with tax increment bonds in the mid-1990s.

Douglas Clement

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