the 17 best suburbsThe study calculated the average monthly mortgage payment in each suburb by factoring in a 30-year fixed mortgage rate of 3.64%, a 20% down payment, and local county effective property tax rates.
The chosen suburbs were also measured on factors including safety, cost of living, and quality of local school districts. Elsmere, Delaware, in the Wilmington metro area, was the top-ranked, with an average monthly mortgage payment of $570.