Daily Real Estate News | Friday, January 24, 2014
 
Financial site NerdWalletrecently analyzed the top 100 most populated metro areas to determine which areas are the most favorable to home buyers. They factored in the number of homes available, the median household income and monthly home owner costs, and population growth to find out what areas have strong economies. 

The eight large metros that emerged at the top of their list were:

1. Raleigh-Cary, N.C. Median selected monthly home owner costs: $1,482 Home owner costs as percentage of household income: 29.5%

2. Charlotte-Gastonia-Rock Hill, N.C.-S.C. Median selected monthly home owner costs: $1,394 Home owner costs as percentage of household income: 32%

3. Salt Lake City Median selected monthly home owner costs: $1,527 Home owner costs as percentage of household income: 30.7%

4. Indianapolis-Carmel Median selected monthly home owner costs: $1,248 Home owner costs as percentage of household income: 29%

5. Nashville-Davidson-Murfreesboro-Franklin, Tenn. Median selected monthly home owner costs: $1,367 Home owner costs as percentage of household income: 32.1%

6. San Antonio-New Braunfels, Texas Median selected monthly home owner costs: $1,337 Home owner costs as percentage of household income: 31.4%

7. Jacksonville, Fla. Median selected monthly home owner costs: $1,472 Home owner costs as percentage of household income: 34.7%

8. Louisville/Jefferson County, Ky.-Ind. Median selected monthly home owner costs: $1,206 Home owner costs as percentage of household income: 30.2%