See How Worcester Ranks for 1st Time Home Buyers
Monday, August 25, 2014
WalletHub compared the 300 largest U.S. cities to determine the ones that are most and least attractive to first-time home buyers. We did so using 17 key metrics, ranging from median house prices and real estate taxes to median home price appreciation and price-to-rent ratios. For those planning to relocate or purchase a new home in the near future, the findings of this study will help them navigate the real estate landscape.
Related Slideshow: Worcester Neighborhoods with the Highest Housing Costs
How much do Worcester residents spend of their income on housing? Looking specifically at homes with mortgages, the website Rich Blocks, Poor Blocks crunched the most recently available census data to show how much Worcester homeowners pay annually for housing.
Below are the top ten highest housing cost-to-income ratio neighborhoods in Worcester, based on census tracts. Income and costs are annual figures for homes with a mortgage, and are in 2012 inflation-adjusted dollars.
Source: United States Census' 2008-2012 American Community Survey dataset.
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