I would have said the area I live was that a year ago. We saw the most job growth and lowest unemployment in the country, all while my house was likely worth no

I would have said the area I live was that a year ago. We saw the most job growth and lowest unemployment in the country, all while my house was likely worth no more than $150,000. But the most job growth in the country requires that people move there (here) and they require houses when they arrive. With that surprising increase in demand, I expect I could get $250,000 for my house now, which is a staggering increase in a fairly short period of time. On the other hand, if you're coming from a place where houses are selling for $1,200,000 (the 4 * $300,000 suggested above), then maybe you still see $250,000 as being affordable. We certainly have jobs. Every place of business in the area seems to be hiring.