Wow, check out this article that appeared in the Augusta
Chronicle today!!
It seems the rest of the country is getting hip to something
Augustans have known for years.
Bizjournals, the online division of American City Business
Journals, named Augusta the nation's most affordable metro
housing market after analyzing income
and housing costs for 95 metro areas with populations of 500,000 or
more.
Housing costs in the Augusta-Richmond County metro area, which
includes Richmond, Columbia, Burke, McDuffie, Aiken and Edgefield
counties, consume only 17.4 percent of monthly income, compared
with 27 percent nationally, according to a March 5 Bizjournals
article on the study.
"Compared to the rest of the world, (Augusta) is
exceedingly cheap," said Ryan Brashear, the president of
the Greater Augusta Association of Realtors. He said housing prices
are likely a little higher now because the data used are from
2005.
[more]
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