Seven Hills Among Best Places For Homeownership In Ohio
NerdWallet, a consumer advocacy website, recently conducted a study to find the best places for homeownership in Ohio – analyzed the data for 183 communities and Seven Hills ranked among the top 20.
As renting becomes less affordable, NerdWallet wanted to give potential homebuyers a look at the current housing market. NerdWallet based its rankings on the following criteria:
- Homeownership rate
- Selected monthly homeowner costs
- Monthly household income
- Population growth
NerdWallet ranked Seven Hills as the 13th best place in Ohio for homeownership. The area has a homeownership rate of 94.9%, the third highest rate of any place among the top 20. Seven Hills’ median monthly homeowner costs are $1,505, and residents spend 29.6% of their median household income on those homeowner expenses, which meets the standard of affordability set by the U.S. Department of Housing and Urban Development.
Other cities that made the top 20 include Norton and Grove City. Read the full study online at www.nerdwallet.com/blog/cities/best-cities-homeownership-ohio/.
NerdWallet is a consumer-friendly financial literacy website that helps consumers make better financial decisions and save money on CD rates, checking accounts, credit cards and more. NerdWallet has been featured in The New York Times, Wall Street Journal, and Reuters; their products have been recommended by consumer advocates Liz Weston, Clark Howard, and Consumer Action. For more information about NerdWallet, visit nerdwallet.com/cities.