A new report has found that Cleveland is the most affordable metropolitan area in the nation to own a home.

According to numbers released this week by real estate research company, the annual salary required to afford a median-priced home in Cleveland is $29,788. 

The report — which ranked 27 metro areas — considers the salary it would take to afford the principal, interest, taxes and insurance on a home. found that the median home price in Cleveland was $102,100, a 1.1 percent increase over last year. The median monthly payment was $695. The median mortgage rate was 4.50 percent.

CLICK HERE to read story


Leave a Reply