Bizjournal Names Two Tennessee Cities As Affordable Housing Markets

By
Real Estate Agent with Benchmark Realty TN 288457

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]

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Paul Moye

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