Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

ADVERTISEMENT
OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  September 26, 2008  |   Most Affordable Cities for Owning a Home
The cost of buying and maintaining a home is pretty reasonable if you live in certain Midwestern or Southern cities, according to Forbes magazine's new report.

To determine America's least expensive places to own a home, Forbes used data from the U.S. Census Bureau's 2008 American Community Survey, released Tuesday.

The survey reported the 2007 median monthly housing costs in the country's metro areas with a population over 65,000. Housing costs include monthly mortgage payments, real estate taxes, various insurances, utilities, fuels, mobile home costs and condominium fees.

Here are the top-10 cheapest cities to own a home (for more details on each location, watch the Forbes slideshow):
  1. Cleveland: $978 a month
  2. Columbus, Ohio: $1,060 a month
  3. Pittsburgh: $1,187 a month
  4. San Antonio, Texas: $1,216 a month
  5. Indianapolis: $1,232 a month
  6. Nashville: $1,256 a month
  7. New Orleans: $1,296 a month
  8. St. Louis: $1,299 a month
  9. Charlotte, N.C.: $1,336 a month
  10. Cincinnati: $1,353 a month

Source: Forbes, Lauren Sherman (09/23/2008)

Browse all of today's news
E-mail this page to a friend
Give us feedback

Search news
 Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!