Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.
Bizjournal Names Two Tennessee Cities As Affordable Housing Markets
Tennessee Makes News as Affordable Market A newly-released study by Bizjournals.com ranked the 50 largest metropolitan areas in the U.S. as to housing affordability. Tennessee had TWO cities make it into the top 20! Memphis ranked 9th, and Nashville ranked 16th! The study looked at median household income per month and the median total housing payment per month - for each of the 50 markets - to compute total housing payment as a percentage of household income. This showed 22.43% of income spent on housing in Memphis. In Nashville, the figure was 24.15% spent on housing; in Los Angeles the least affordable city? 75.46%! [SOURCE: Bizjournals.com] ... more
__________________________________________________ Are you on The Rain? Grow Your Network!
|