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Top 10 Cities in Homeownership, More Good News for Columbus

housecolThis came from an article in NerdWork.

Columbus is a great place to settle down and buy a home, with its low unemployment rate and low cost of living. This college town (it’s home to the Ohio State University) has a laid-back Midwestern vibe, and the city has world-renowned hospitals (including The Ohio State University Wexner Medical Center) and research centers as well as an up-and-coming dining scene.

[table]Rank, City, Home ownership rate,  Unemployment rate, Overall score for homebuyers

1 Fort Worth, TX, 59.8%, 8.0%, 89.9
2 Charlotte, NC, 58.7%, 9.2%, 88.9
3 San Antonio, TX, 57.5%, 7.4%, 87.8
4 El Paso, TX, 61.0%, 9.5%, 86.2
5 Jacksonville, FL, 63.3%, 10.4%, 85.2
6 Austin, TX, 45.5%, 62%, 83.4
7 Phoenix, AZ, 58.5%, 8.9%, 82.9
8 Indianapolis, IN, 57.2%, 9.4%, 81.3
9 Denver, CO, 51.7%, 9.1%, 80.5
10 Columbus, OH, 48.6% , 7.6%, 77.9[/table]

 

Methodology

The overall score for homebuyers was calculated from the following measures:

Home ownership rate within the city from the US Census, 2007-2011
Median 3-bedroom home cost from the ACCRA Cost of Living Index, divided by the median per capita income for an individual, obtained from the US Census
Cost of living index from the ACCRA cost of living index. A score of 100 represents the national average.
Growth rate, measured by the percent change in population between April 1, 2010 and July 1, 2011 from the U.S. Census and the unemployment rate from the Bureau of Labor Statistics, 2011 ranking
The 25 most populous cities were included in this analysis.

More good news for Columbus.

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