Their latest study ranks more than 150 of America’s biggest cities to find the most affordable. Montgomery comes in at the number six spot, meanwhile Birmingham ranks as the 15th most affordable.
These cities are measured on factors including property taxes, homeowners’ insurance and mortgage payments relative to median income.
Specifically, SmartAsset found the total cost over five years of these four expenses—closing costs, taxes, insurance and mortgage payments—for the average home in every city in the U.S. with a population greater than 200,000. Then they took that five-year cost as a proportion of median household income in each city to determine affordability.