Well, that’s interesting.  The Wall Street Journal’s blogging community took a look at where 201k (the median price for a home in the U.S.) would be best-invested.  Guess what?  They picked none other than our own Rochester, NY:

In the places we searched, our dollar went the furthest in Rochester, N.Y., where we found a brand-new three-bedroom house with two and one-half baths and 2,109 square feet on more than one-half acre listed for $201,400.

In January, the number of homes sales in the city showed little change from the year before, while the median price fell 4.5% to $105,000, per Rochester’s Democrat & Chronicle.

So there are advantages to living in a city slowly losing it’s manufacturing base: our home prices haven’t been overvalued in the last decade and hence haven’t been dropping like elsewhere.  The bad news?  Even if it’s a good deal, no one wants to move here.