Washington's Most Affordable Homes

Yes, location DOES matter. To the tune of $534,679.

That's the difference between the average sale price in Bellevue and the Tri-Cities, the Washington State cities with the most expensive and least expensive real estate, according to a new study of 2007 home prices.

Bellevue, just across Lake Washington from Seattle, weighed in with an average home sales price of $763,667, while homes in Central Washington's Tri-Cities (Kennewick, Pasco, & Richland) averaged $228,98.

Elsewhere, the study found that Beverly Hills, California, is the most expensive housing market in the nation (average price $2.21 million) and Killeen, Texas is the most affordable (average price $136,725).

The survey evaluated average selling prices for single-family houses of approximately 2,220 square feet with four bedrooms, two-and-a-half baths, a family room, and a two-car garage in 317 markets across the nation. The average sales price of all these subject homes was $422,343.

You can view the state-by-state results in an online slideshow.