Among all of the negative news stories that crossed our desks last week, one news item actually was a “win” for one Tennessee city:
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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:
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
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To access the original FORBES Magazine article that was the source for this report, go HERE.
[SOURCES: REALTOR Magazine Online; FORBES]
Remember, Don't spend a PENNY 'til you call JENNY!
Jenny Markham, Bob Parks Realty, LLC, cell 615-812-4174