According to MarketWatch St Louis is ranked among 6 cities where you can own a home under a $1000 a month.
The average monthly cost of home ownership in the Gateway city? $876.00
The minimum salary needed: $37,527.
Pittsburgh was ranked as the most affordable metropolitan area in the US for hopeful home buyers with a monthly cost at $746.
HSH.com is a mortgage-data company which analyzed housing affordability in 27 cities throughout the country.
They analyzed the costs – including principal, interest, taxes and insurance payments of buying a median-priced home using a 30 year fixed-rae loan. Loan rates were based on people with a credit score of 740 or higher and put down 20%.
|City||Cost of Home Ownership||Min. Salary Needed|
A median priced home in San Francisco would cost you more than $3,551 per month and you would need a salary of $150,00 or more to purchase.
St. Louis is looking better all the time.
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