10 Cities Where You Can Own A Home For About $1,000 A Month



This article comes from https://www.forbes.com/ and Cleveland comes in at #2 for mortgages that area around $1000 a month. #1 was Pittsburgh, I have been there and Cleveland is a much cleaner modern city to live in.

"2. Cleveland. If you’re looking to buy a home in the Cleveland area, you would need a salary of at least $40,437 to afford the median-priced home at $150,100. The monthly mortgage payment would be $943.55. If buyers put 10% down, the required salary increases to $45,685."

$150,000 will get you a nice home in an nice area. Imagine your housing cost going down that much. The $150,000 would get you a 1500 sf home 3 bedroom 2 bath. When you get over $200,000 then you basically looking at higher end areas.

"Using the latest quarterly home-price information from the National Association of Realtors, HSH.com crunched the numbers to find the 10 metro areas where a home costs about $1,000 a month. It incorporated local property tax and homeowner's insurance costs to calculate the income needed to qualify for a median-priced home. The median price is the figure in the middle of a data set in which half of the houses are priced for less and half are priced for more."

Getting a nice home in Cleveland Metro can be as low as $100,000, I get those type of properties for my clients weekly.

I moved to Cleveland because of the cost of living and the downtown getting remodeled into the beautiful city it is today. My expenses are far less than Phoenix and I live a very comfortable life doing the things I like to do here. 

If you need a change in area and want to live a more financially free existence Cleveland may be the home base for you. The area has great people, eateries and places to shop. The community is deep in tradition and there is a lot to do. 

Want to purchase Cleveland Real Estate? I have done 100's of homes here and can find you that perfect home or investment. I'm Brett call me 216-703-5740 EXP Realty Ohio   

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