Raleigh-Cary Named a Best Place for Homeownership

NerdWallet considers availability, affordability, and area growth

 

San Francisco, CA (January 27, 2014) – NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in the United States – and Raleigh-Cary is in the top 30.

 

As renting becomes less and 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

  • Monthly homeowner costs

  • Monthly household income

  • Population growth

 

NerdWallet ranked Raleigh-Cary as the best large metropolitan area in the country for homeownership. The area has a homeownership rate of 66.8 percent, and median monthly homeowner costs are $1,482. The Raleigh-Cary metropolitan area grew by 2.2 percent between 2011 and 2012.

 

Raleigh-Cary is a great place to own a home,” said NerdWallet analyst Jaime Ortiz. “Homeowners spend just 29.5 percent of their monthly income on homeowner costs.”

 

Other metropolitans that made the cut include Boise, Salt Lake City, and Indianapolis. Read the full study online.

 

For more information about NerdWallet, visit www.nerdwallet.com.

 

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About NerdWallet

NerdWallet is a consumer-friendly financial literacy website that helps consumers make better financial decisions and save money on CD rates, checking accounts, credit cards and more. NerdWallet has been featured in The New York Times, Wall Street Journal and Reuters; our products have been recommended by consumer advocates Liz Weston, Clark Howard and Consumer Action.

 

 

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