Springfield ranks among most affordable for home buyers: report

ILLINOIS (WQRF) – Affordability continues to be a top concern for home buyers across the country, but those buyers might get the most bang for their buck in certain Illinois cities.

A new report from WalletHub suggests several cities in Illinois are some of the most affordable cities for home buyers across the country. Some of those cities even rank among the top 10.

To come to its findings, WalletHub used data from the U.S. Census Bureau, the National Association of Realtors, the Council for Community and Economic Research, and the Insurance Information Institute, to determine city ranking in the report. It compared 300 U.S. cities across 10 key metrics, including housing affordability, insurance costs, real estate taxes, and appreciation rates, among others. (See how they weighted each of the 10 criteria in their methodology here.)

Lastly, WalletHub found each city’s weighted average across all metrics to calculate overall scores and used them to rank the…

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