SmartAsset has released its fifth annual study on the most affordable places to live. To find the places that are most affordable to live, the study measures how much homeowners pay in property taxes, insurance and mortgages, relative to income. Communities are then ranked on an Affordability Index which shows the places that rated as most affordable.
Check out the table below for a more detailed look at the statewide leaders:
Rank | City | Avg. Closing Costs | Annual Property Tax | Annual Homeowner’s Insurance | Avg. Annual Mortgage Payment | Median Income | Affordability Index |
1 | Valley City, ND | $2,021 | $1,396 | $750 | $4,905 | $47,542 | 46.62 |
2 | Wahpeton, ND | $2,038 | $1,899 | $796 | $5,207 | $51,756 | 45.35 |
3 | Devils Lake, ND | $2,214 | $1,452 | $684 | $4,479 | $43,791 | 45.14 |
4 | Williston, ND | $2,411 | $1,876 | $1,680 | $10,998 | $91,359 | 44.04 |
5 | Jamestown, ND | $2,072 | $1,963 | $893 | $5,842 | $51,743 | 40.63 |
6 | Dickinson, ND | $2,388 | $2,046 | $1,614 | $10,562 | $74,469 | 35.38 |
7 | West Fargo, ND | $2,361 | $3,246 | $1,540 | $10,080 | $76,925 | 34.94 |
8 | Minot, ND | $2,334 | $2,089 | $1,464 | $9,579 | $63,133 | 31.75 |
9 | Mandan, ND | $2,245 | $2,510 | $1,376 | $9,009 | $61,817 | 31.66 |
10 | Bismarck, ND | $2,376 | $2,386 | $1,581 | $10,349 | $61,477 | 27.58 |
Additional study details including the methodology and interactive map can be found here: https://smartasset.com/mortgage/how-much-house-can-i-afford#northdakota
Comments are closed
Sorry, but you cannot leave a comment for this post.