Cincinnati: Named one of Forbes most Affordable Cities for Owning a Home

The cost of buying and maintaining a home is pretty reasonable if you live in certain Midwestern
or Southern cities, according to Forbes magazine's new report. To determine America's least
expensive places to own a home, Forbes used data from the U.S. Census Bureau's 2008 American
Community Survey, released Tuesday.
The survey reported the 2007 median monthly housing costs in the country's metro areas with a
population over 65,000. Housing costs include monthly mortgage payments, real estate taxes,
various insurances, utilities, fuels, mobile home costs and condominium fees.
Here are the top-10 least expensive cities to own a home.
Cleveland: $978 a month
Columbus, Ohio: $1,060 a month
Pittsburgh: $1,187 a month
San Antonio, Texas: $1,216 a month
Indianapolis: $1,232 a month
Nashville: $1,256 a month
New Orleans: $1,296 a month
St. Louis: $1,299 a month
Charlotte, N.C.: $1,336 a month
Cincinnati: $1,353 a month
The article explains that Cincinnati's monthly home costs are lessened by low demand, low
construction costs and an overall soft market--there are currently 7,460 foreclosures listed
on RealtyTrac.