Check out this information from the Business Journal indicating the River City is ranked 6th most expensive home market behind San Diego, SFO/Oakland, just behind NYC (#5), San Jose, & LA (#1)...http://www.bizjournals.com/specials/slideshow/43.html?page=6
From the Bus Journal:
Typical monthly housing payment
(Ranks range from lowest to highest of 50 largest U.S. metros)
Mortgage payment: $2,291 (44th of 50)
Property-tax payment: $189 (27th of 50)
Total housing payment: $2,480 (43rd of 50) |
Impact on monthly household budget
(Ranks range from highest to lowest of 50 largest U.S. metros)
Median household income per month:
$4,746 (12th of 50) Housing payment as share of income: 52.25% (6th of 50) |
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