Forbes Least Expensive U.S. Cities For Homeowners
September 23, 2008
Behind the Numbers
To determine America’s most and least expensive places to own a home, we used data from the U.S. Census Bureau’s 2008 American Community Survey, released Tuesday. It reported the 2007 median monthly home ownership costs in the country’s metro areas with a population over 65,000. Home costs include monthly mortgage payments, real estate taxes, various insurances, utilities, fuels, mobile home costs and condominium fees.In some areas of the country–particularly in big cities on the coasts–the costs of owning and maintaining a home are higher than ever before.
10. Cincinnati, Ohio - $1,353 a month
9. Charlotte, N.C. - $1,336 a month
8. St. Louis, Mo. - $1,299 a month
7. New Orleans, La. - $1,296 a month
6. Nashville, Tenn. - $1,256 a month
5. Indianapolis, Ind. - $1,232 a month
4. San Antonio, Texas -$1,216 a month
This area boasts solid employment figures and affordable home prices that continue to rise.
3. Pittsburgh, Pa. - $1,187 a month
2. Columbus, Ohio - $1,060 a month
1. Cleveland, Ohio - $978 a month
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