San Antonio in top ten Best Places for Homeownership

SAN ANTONIO – The city has once again earned a prestigious spot on the 2014 list of The Best Places for Homeownership by consumer-resource website NerdWallet.

In the category of the best large metros for homeownership, the San Antonio-New Braunfels metropolitan area took the No. 6 spot.

Cities were ranked based on a scoring system for homebuyers. Factors going into the scoring included homeownership rates, housing affordability and growth of the metro. The overall score for the Alamo City was 75.6 based on a 100-point scale.

San Antonio had a home ownership rate of 62.9 percent according to the report. The median selected monthly homeowner costs is $1,337 while the median monthly household income is $4,257. The San Antonio-New Braunfels metro saw a 1.7 percent population increase between 2011 and 2012.

The metro fell just behind Raleigh,-Cary, N.C.; Charlotte-Gastonia-Rock Hill, N.C.-S.C.; Salt Lake City, Utah; Indianapolis-Carmel, Ind.; and Nashville-Davidson-Murfreesboro-Franklin, Tenn. on the national list.

In 2013, San Antonio took the No. 3 spot on NerdWallet’s homeownership list.

For the complete list and more stats see NerdWallet.