San Francisco, CA (June 25, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Alabama – and Athens made the list.
As renting becomes less affordable, NerdWallet wanted to give potential homebuyers a look at the current housing market. NerdWallet based its rankings on the following criteria:
• Homeownership rate
• Selected monthly homeowner costs
• Monthly household income
• Population growth
NerdWallet ranked Athens as the 18th best place in Alabama for homeownership. The area has a homeownership rate of 65.3%, and median monthly homeowner costs are $1,195. Athens grew by 5.4% between 2010 and 2012.
Other cities that made the top 20 include Saraland and Enterprise. Read the full study online.
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