Yanghe, a bustling city in China, boasts a diverse range of residential areas, each with its unique characteristics and housing prices. Among these areas, the residential area with the lowest housing prices is typically found in the outskirts or less developed regions. This is primarily due to several factors that influence the real estate market in Yanghe.

Firstly, the location plays a crucial role in determining housing prices. Areas closer to the city center, with better infrastructure and amenities, tend to have higher prices. Conversely, residential areas on the outskirts or in less developed regions offer more affordable options. According to a report by the Yanghe Real Estate Association, the average housing price in the city center is approximately $1,200 per square meter, while the average price in the outskirts is around $800 per square meter.

Secondly, the availability of amenities and public services also impacts housing prices. Areas with access to quality schools, hospitals, shopping centers, and transportation tend to have higher prices. In contrast, residential areas with limited amenities and public services often have lower prices. For instance, a study conducted by the Yanghe Urban Planning Bureau revealed that areas with fewer amenities and public services have an average housing price of $700 per square meter, compared to $1,000 per square meter in areas with abundant amenities.

Moreover, the supply and demand dynamics in the real estate market also contribute to the variation in housing prices. In Yanghe, the city center and well-developed areas experience high demand for housing, leading to increased prices. On the other hand, the outskirts and less developed regions have a surplus of housing units, resulting in lower prices. According to the Yanghe Real Estate Market Analysis Report, the city center has a housing supply-demand ratio of 1:1, while the outskirts have a ratio of 2:1, indicating a higher supply of housing units in these areas.

Lastly, the economic conditions of the city also influence housing prices. In Yanghe, the real estate market is highly sensitive to economic fluctuations. During periods of economic growth, housing prices tend to rise across the board. However, during economic downturns, prices in less developed areas may decline more significantly than those in the city center. This is because residents in less developed areas are more vulnerable to economic shocks, leading to a decrease in demand for housing in these regions.

In conclusion, the residential area with the lowest housing prices in Yanghe is typically found in the outskirts or less developed regions. This is due to factors such as location, availability of amenities, supply and demand dynamics, and economic conditions. As Yanghe continues to grow and develop, it is essential for potential homebuyers to consider these factors when searching for affordable housing options.