Hannah Jones, a senior economic research analyst at Realtor.com, highlights the affordability of these cities, stating, 'The typical monthly mortgage payment, assuming a 10% down payment, would be $1,455 or less in these areas.' This affordability is a major draw for homebuyers looking to buy without breaking the bank.
Jones further elaborates on the economic feasibility of living in these markets, noting, 'Including tax and insurance costs, the minimum recommended income to afford this payment is roughly $73,000, which is about 10% less than the national median household income.' This insight underlines the economic attractiveness of Rockford, Akron, and Canton.
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