Robert Stec
on Real Estate, Economics, Technology, Globalization, Travel, Adventure
U.S. Most Affordable Cities
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):
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):
- Cleveland: $978 a month
- Columbus, Ohio: $1,060 a month
- Pittsburgh: $1,187 a month
- San Antonio, Texas: $1,216 a month
- Indianapolis: $1,232 a month
- Nashville: $1,256 a month
- New Orleans: $1,296 a month
- St. Louis: $1,299 a month
- Charlotte, N.C.: $1,336 a month
- Cincinnati: $1,353 a month
Robert Stec
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