Top-Rated Metro Real Estate Markets

Expansion Management Magazine does an annual ranking of metro real estate markets, according to price and affordability.

The primary sources of data for the analysis are The National Real Estate Index (NREI), which is produced by Global Real Analytics (www.nrei.info); Grubb & Ellis’ Office Market Trends and Industrial Market Trends (www.grubb-ellis.com); and RS Means’ Construction Cost Index (CCI), a product line of Reed Construction Data (www.rsmeans.com).

Here is the 2004 list:

1. Greenville-Spartanburg, S.C.
2. Greensboro/Winston-Salem, N.C.
3. Oklahoma City, Okla.
4. Columbus, Ohio
5. El Paso, Texas
6. Tulsa, Okla.
7. Memphis, Tenn.
8. Jacksonville, Fla.
9. Salt Lake City, Utah
10. Albuquerque, N.M
11. Raleigh-Durham, N.C.
12. Nashville, Tenn.
13. Dallas-Fort Worth, Texas
13. San Antonio, Texas
15. Richmond, Va.
16. Indianapolis, Ind.
17. Cincinnati, Ohio
17. Cleveland, Ohio
19. Hartford, Conn.
19. New Orleans, La.
21. Birmingham, Ala.
22. Phoenix, Ariz.
23. Milwaukee, Wis.
24. Austin, Texas
24. Detroit, Mich.
26. Kansas City, Mo.
27. Norfolk, Va.
28. St. Louis, Mo.
29. Charlotte, N.C.
29. Ft. Lauderdale
31. Houston, Texas
32. Baltimore, Md.
33. Orlando, Fla.
33. Tampa-St. Petersburg, Fla.
35. Chicago, Ill.
36. Atlanta, Ga.
37. Pittsburgh, Pa.
38. Denver, Colo.
39. West Palm Beach, Fla.
40. Portland, Ore.