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At some point in time, you probably have griped about the mortgage payment taking too large a chunk of the monthly income. But Louisville homeowners are in a better position than many counterparts across the country.
A recent Bizjournals.com study comparing housing affordability in the top 50 metropolitan areas nationwide showed that Louisville, with a No. 11 ranking, is one of the least expensive markets in which to own a home.
Rankings were based on the percentage of median monthly income in 2006 that was required to meet the median housing payment per month, which consisted of the median mortgage per month and the median property-tax payment per month.
The median household income per month in Louisville was $3,760, and the median total housing payment per month was $847. So 22.53 percent of household income was required to meet the total housing payment.
The original article can be found here http://louisville.bizjournals.com/louisville/stories/2008/04/07/story4.html
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