Tourists in rain coats walk near the base of the Bridal Veil Falls at Niagara Falls, New York on July 28, 2007. Bridal Veil Falls is the smallest in width of the three waterfalls at Niagara Falls.
Tourists in rain coats walk near the base of the Bridal Veil Falls at Niagara Falls, New York on July 28, 2007. Bridal Veil Falls is the smallest in width of the three waterfalls at Niagara Falls. REUTERS/Gary Cameron

According to a home listing report by Coldwell Banker, the most affordable housing market in the United States is none other than picturesque Niagara Falls, N.Y.

Coldwell Banker made that determination based on the average listing prices of four-bedroom, two-bathroom homes listed on ColdwellBanker.com. All qualifying listings between September 2010 and March 2011 were used in the study.

Niagara Falls posted an average cost of $60,820 for such a home. Riverdale, Ga., is a close second place, with an average cost of $61,618.

Here is the entire list of the ten most affordable housing markets in the Unites States:

  1. Niagara Falls, New York ($60,820)
  2. Riverdale, Georgia ($61,618)
  3. Coolidge, Arizona ($69,083)
  4. College Park, Georgia ($72,477)
  5. Detroit, Michigan ($73,363)
  6. Hastings, Florida ($74,910)
  7. Cleveland, Ohio ($76,042)
  8. Lithonia, Georgia ($77,385)
  9. Trotwood, Ohio ($77,445)
  10. Sioux City, Iowa ($80,152)

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