Atlanta is a great place to find a real bargain on a house right now, according to U.S. News & World Report.
The magazine listed the top 10 cities where consumers can buy a house for $800 or less a month. Atlanta ranked No. 10.
“The median home price in the Atlanta area was nearly $123,000 in the second quarter of this year, up slightly from the same period a year earlier,” the magazine noted. “After a 20 percent down payment — or $24,600 — monthly payments for mortgage principal and interest on a median-priced Atlanta home come to $488.”
U.S. News & World Report noted its $800 figure does not include monthly costs for utilities, insurance or taxes, nor does it reflect the one-time costs associated with a home purchase, such as the down payment and closing costs.
The top 10:
Austin, Texas
Sarasota, Fla.
Albuquerque, N.M.
Minneapolis/St. Paul
Columbus, Ohio
Phoenix
Columbia, S.C.
Boise, Idaho
Pittsburgh
Atlanta