According to a recent article by Forbes.com Chattanooga comes in at number 3 for Homeowner cost affordability.
What does this mean?
The studies looked at three metrics.
1-The percentage of the population who can afford a home at the local median price.
2- The average percentage of homeowners’ income that goes toward expenses like property taxes, mortgage payments and insurance.
3-How much home prices were expected to rise or fall over the next three years.
To read more and see the breakdown of the top 10 follow this link: