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Alabama. Monthly mortgage payment: $1,200. 2024 average home value: $214,175. Yearly mortgage: $14,398. For You: I’m a Real Estate Agent: 5 Cities Where Homes Will Be the Best Bargains in 2024 ...
Alabama. Average home value (January 2024): $214,175. Amount needed for 10% down payment: $21,418. Average monthly mortgage with 10% down payment: $1,275
The Detroit metropolitan area has the lowest average mortgage payment among the top 15 metro areas, at $1,577, according to the 2022 Census housing data. ... East South Central (Alabama, Kentucky ...
Alabama: $36,760. Monthly mortgage payment: $919 Monthly income needed: $3,063.33 Alabamians enjoy a lower cost of living, with home prices well below the national average.
No matter the state of the economy, housing is always one of the biggest monthly expenditures that Americans face. However, the housing market at this time is especially inflated, due to factors...
Difference between state and national average monthly mortgage payment: -$606 lower. Michigan. Average monthly mortgage payment: $1,742. Difference between state and national average monthly ...
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