Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more toward sellers, with mortgage rates having nearly doubled in the past year and home values having risen nearly 21% on average.
If you aim for long-term growth, equity and profit with your housing purchase, you’ll need to look beyond tangible factors like square footage and style. Those factors certainly drive up property values. From an investor’s standpoint, though, they hold less significance than historical market trends and the economic health of residents.
To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength. Our data set ranges from median home-price appreciation to job growth.
Main Findings
Best Places to Buy a House
| Overall Rank | City | Total Score | Real-Estate Market | Affordability & Economic Environment |
|---|---|---|---|---|
| 1 | Frisco, TX | 81.03 | 1 | 1 |
| 2 | Allen, TX | 79.45 | 2 | 3 |
| 3 | McKinney, TX | 79.28 | 3 | 2 |
| 4 | Austin, TX | 74.02 | 4 | 46 |
| 5 | Nashville, TN | 73.23 | 5 | 77 |
| 6 | Cary, NC | 72.74 | 7 | 11 |
| 7 | Gilbert, AZ | 72.08 | 11 | 10 |
| 8 | Denton, TX | 71.67 | 10 | 15 |
| 9 | Peoria, AZ | 71.39 | 12 | 18 |
| 10 | Richardson, TX | 71.38 | 13 | 13 |
| 11 | Fort Worth, TX | 71.29 | 9 | 31 |
| 12 | Durham, NC | 71.15 | 14 | 12 |
| 13 | Murfreesboro, TN | 71.09 | 17 | 8 |
| 14 | Bellevue, WA | 71.03 | 6 | 125 |
| 15 | Port St. Lucie, FL | 70.89 | 18 | 5 |
| 16 | Seattle, WA | 70.78 | 8 | 94 |
| 17 | Carrollton, TX | 70.65 | 15 | 14 |
| 18 | Surprise, AZ | 69.58 | 25 | 9 |
| 19 | Plano, TX | 69.18 | 22 | 20 |
| 20 | Henderson, NV | 69.09 | 21 | 26 |
| 21 | Roseville, CA | 69.09 | 20 | 32 |
| 22 | Chandler, AZ | 68.92 | 23 | 27 |
| 23 | Grand Prairie, TX | 68.92 | 19 | 49 |
| 24 | Raleigh, NC | 68.76 | 16 | 83 |
| 25 | Charlotte, NC | 68.26 | 26 | 47 |
| 26 | Boise, ID | 68.25 | 27 | 39 |
| 27 | Irving, TX | 67.99 | 28 | 54 |
| 28 | Hillsboro, OR | 67.41 | 34 | 29 |
| 29 | Vancouver, WA | 67.4 | 24 | 110 |
| 30 | Tempe, AZ | 67.07 | 36 | 24 |
Note: With the exception of “Total Score,” all of the columns in the table above depict the relative rank of that city, where a rank of 1 represents the best conditions for that metric category.
Share of Seriously Underwater Mortgages
Lowest
- Lowest
- T-1. San Mateo, CA
- T-1. Daly City, CA
- T-3. Santa Clara, CA
- T-3. San Jose, CA
- T-3. Sunnyvale, CA
Highest
- Highest
- 296. Peoria, IL
- 297. Shreveport, LA
- 298. Columbus, GA
- T-299. Baton Rouge, LA
- T-299. St. Louis, MO
Median Days on the Market
Lowest
- Lowest
- 1. Westminster, CO
- 2. Arvada, CO
- 3. Renton, WA
- 4. Gilbert, AZ
- 5. Everett, WA
Highest
- Highest
- T-260. Paterson, NJ
- T-260. Newark, NJ
- T-260. Miami Beach, FL
- T-260. Yonkers, NY
- T-260. New York, NY
Median Home-Price Appreciation
Highest
- Highest
- 1. North Las Vegas, NV
- 2. Sunnyvale, CA
- 3. Richmond, CA
- 4. Hayward, CA
- 5. Vallejo, CA
Lowest
- Lowest
- 296. Hampton, VA
- 297. Paterson, NJ
- 298. Rockford, IL
- 299. Waterbury, CT
- 300. Flint, MI
Foreclosure Rate
Lowest
- Lowest
- 1. Green Bay, WI
- 2. Lexington, KY
- 3. Bellevue, WA
- 4. Spokane, WA
- 5. Cambridge, MA
Highest
- Highest
- 282. Victorville, CA
- 283. Rockford, IL
- 284. Joliet, IL
- T-285. North Las Vegas, NV
- T-285. Cleveland, OH
% of Delinquent Mortgage Holders
Lowest
- Lowest
- 1. Berkeley, CA
- 2. Cambridge, MA
- 3. Miami Beach, FL
- 4. Sunnyvale, CA
- 5. Bellevue, WA
Highest
- Highest
- T-294. Allentown, PA
- T-294. Joliet, IL
- T-294. Brockton, MA
- T-294. Jackson, MS
- T-294. Springfield, MA
Home Price as % of Income
Lowest
- Lowest
- 1. Flint, MI
- 2. Detroit, MI
- 3. Lansing, MI
- 4. Dayton, OH
- 5. Akron, OH
Highest
- Highest
- 296. Los Angeles, CA
- 297. Berkeley, CA
- 298. Glendale, CA
- T-299. Santa Barbara, CA
- T-299. Santa Monica, CA
Maintenance Costs as % of Income
Lowest
- Lowest
- 1. Durham, NC
- 2. Worcester, MA
- 3. Naperville, IL
- 4. Centennial, CO
- 5. Mission Viejo, CA
Highest
- Highest
- 296. Newark, NJ
- 297. Detroit, MI
- 298. Hartford, CT
- 299. Cleveland, OH
- 300. Flint, MI
Show More
Ranking by City Size
| Overall Rank (1=Best) |
Large Cities | Overall Rank (1=Best) |
Midsize Cities | Overall Rank (1=Best) |
Small Cities |
|---|---|---|---|---|---|
| 1 | Austin, TX (74.02) | 1 | Frisco, TX (81.03) | 1 | Allen, TX (79.45) |
| 2 | Nashville, TN (73.23) | 2 | McKinney, TX (79.28) | 2 | Denton, TX (71.67) |
| 3 | Fort Worth, TX (71.29) | 3 | Cary, NC (72.74) | 3 | Richardson, TX (71.38) |
| 4 | Seattle, WA (70.78) | 4 | Gilbert, AZ (72.08) | 4 | Murfreesboro, TN (71.09) |
| 5 | Henderson, NV (69.09) | 5 | Peoria, AZ (71.39) | 5 | Bellevue, WA (71.03) |
| 6 | Raleigh, NC (68.76) | 6 | Durham, NC (71.15) | 6 | Carrollton, TX (70.65) |
| 7 | Charlotte, NC (68.26) | 7 | Port St. Lucie, FL (70.89) | 7 | Surprise, AZ (69.58) |
| 8 | Denver, CO (66.42) | 8 | Plano, TX (69.18) | 8 | Roseville, CA (69.09) |
| 9 | Dallas, TX (66.40) | 9 | Chandler, AZ (68.92) | 9 | Hillsboro, OR (67.41) |
| 10 | Mesa, AZ (65.70) | 10 | Grand Prairie, TX (68.92) | 10 | Arvada, CO (66.50) |
| 11 | Aurora, CO (65.61) | 11 | Boise, ID (68.25) | 11 | Clovis, CA (65.78) |
| 12 | Phoenix, AZ (64.95) | 12 | Irving, TX (67.99) | 12 | Thornton, CO (64.28) |
| 13 | Tampa, FL (64.16) | 13 | Vancouver, WA (67.40) | 13 | Longmont, CO (63.17) |
| 14 | Colorado Springs, CO (63.68) | 14 | Tempe, AZ (67.07) | 14 | Renton, WA (62.41) |
| 15 | Arlington, TX (62.61) | 15 | Fort Collins, CO (65.83) | 15 | Everett, WA (61.76) |
| 16 | Portland, OR (61.20) | 16 | Irvine, CA (65.57) | 16 | Santa Clara, CA (61.69) |
| 17 | Atlanta, GA (59.95) | 17 | Orlando, FL (64.91) | 17 | Spokane Valley, WA (61.58) |
| 18 | Houston, TX (58.76) | 18 | Salt Lake City, UT (64.64) | 18 | Greeley, CO (61.44) |
| 19 | San Jose, CA (57.95) | 19 | Elk Grove, CA (64.23) | 19 | Westminster, CO (61.27) |
| 20 | Miami, FL (57.72) | 20 | Sunnyvale, CA (64.17) | 20 | Davie, FL (60.95) |
| 21 | Jacksonville, FL (57.49) | 21 | Eugene, OR (63.70) | 21 | Charleston, SC (60.70) |
| 22 | San Diego, CA (57.47) | 22 | Huntsville, AL (63.61) | 22 | Athens-Clarke, GA (60.28) |
| 23 | Sacramento, CA (57.45) | 23 | Reno, NV (63.54) | 23 | North Charleston, SC (60.13) |
| 24 | Riverside, CA (57.12) | 24 | Tacoma, WA (63.04) | 24 | Palm Bay, FL (59.99) |
| 25 | Las Vegas, NV (56.70) | 25 | Garland, TX (62.81) | 25 | Kent, WA (59.87) |
| 26 | Anaheim, CA (56.02) | 26 | Cape Coral, FL (62.20) | 26 | Beaverton, OR (59.80) |
| 27 | Santa Ana, CA (55.96) | 27 | Madison, WI (62.10) | 27 | Vacaville, CA (59.80) |
| 28 | San Antonio, TX (55.80) | 28 | Scottsdale, AZ (61.63) | 28 | Lakeland, FL (59.67) |
| 29 | El Paso, TX (55.64) | 29 | Glendale, AZ (60.86) | 29 | Wilmington, NC (59.39) |
| 30 | Columbus, OH (55.45) | 30 | Salem, OR (60.63) | 30 | Chico, CA (59.38) |
| 31 | Minneapolis, MN (55.39) | 31 | North Las Vegas, NV (59.87) | 31 | Temecula, CA (59.19) |
| 32 | Fresno, CA (55.38) | 32 | Spokane, WA (59.50) | 32 | Mesquite, TX (58.97) |
| 33 | Lexington, KY (55.16) | 33 | Ontario, CA (59.10) | 33 | Roswell, GA (58.59) |
| 34 | Tucson, AZ (55.14) | 34 | Fremont, CA (58.63) | 34 | Fairfield, CA (58.46) |
| 35 | Bakersfield, CA (54.63) | 35 | Chula Vista, CA (58.49) | 35 | Norman, OK (58.28) |
| 36 | Oklahoma City, OK (54.15) | 36 | Overland Park, KS (58.33) | 36 | Visalia, CA (58.23) |
| 37 | Stockton, CA (53.89) | 37 | Lincoln, NE (58.27) | 37 | Cambridge, MA (58.07) |
| 38 | Boston, MA (53.56) | 38 | Lakewood, CO (57.88) | 38 | Miramar, FL (58.02) |
| 39 | Washington, DC (53.45) | 39 | Knoxville, TN (57.75) | 39 | Vista, CA (57.77) |
| 40 | Omaha, NE (52.84) | 40 | St. Petersburg, FL (57.49) | 40 | West Palm Beach, FL (57.59) |
| 41 | San Francisco, CA (52.83) | 41 | Hayward, CA (57.30) | 41 | Federal Way, WA (57.26) |
| 42 | St. Paul, MN (52.60) | 42 | Fontana, CA (57.18) | 42 | Carlsbad, CA (57.17) |
| 43 | Los Angeles, CA (52.42) | 43 | Rancho Cucamonga, CA (57.12) | 43 | Boulder, CO (57.11) |
| 44 | Oakland, CA (51.97) | 44 | Corona, CA (57.00) | 44 | Santa Maria, CA (56.84) |
| 45 | Corpus Christi, TX (51.09) | 45 | Modesto, CA (56.40) | 45 | Rialto, CA (56.76) |
| 46 | Long Beach, CA (50.54) | 46 | Oceanside, CA (56.11) | 46 | Sterling Heights, MI (56.50) |
| 47 | Kansas City, MO (50.31) | 47 | Pembroke Pines, FL (55.29) | 47 | Sunrise, FL (56.21) |
| 48 | Virginia Beach, VA (50.28) | 48 | Hialeah, FL (55.09) | 48 | Gresham, OR (55.94) |
| 49 | Pittsburgh, PA (50.16) | 49 | Chesapeake, VA (54.99) | 49 | Yuma, AZ (55.90) |
| 50 | Albuquerque, NM (50.04) | 50 | Salinas, CA (54.98) | 50 | San Mateo, CA (55.69) |
| 51 | Memphis, TN (49.78) | 51 | Santa Clarita, CA (54.87) | 51 | Quincy, MA (55.43) |
| 52 | Wichita, KS (49.20) | 52 | Escondido, CA (54.76) | 52 | Daly City, CA (55.38) |
| 53 | Honolulu, HI (48.88) | 53 | Greensboro, NC (54.57) | 53 | High Point, NC (55.22) |
| 54 | Louisville, KY (48.29) | 54 | Moreno Valley, CA (54.39) | 54 | Yakima, WA (55.08) |
| 55 | Indianapolis, IN (48.05) | 55 | Grand Rapids, MI (54.25) | 55 | Plantation, FL (55.08) |
| 56 | Tulsa, OK (47.53) | 56 | Santa Rosa, CA (54.03) | 56 | Murrieta, CA (55.00) |
| 57 | Milwaukee, WI (45.66) | 57 | San Bernardino, CA (53.74) | 57 | Centennial, CO (54.91) |
| 58 | Cincinnati, OH (43.32) | 58 | Pomona, CA (53.53) | 58 | Mission Viejo, CA (54.49) |
| 59 | Philadelphia, PA (42.66) | 59 | Garden Grove, CA (53.26) | 59 | Victorville, CA (54.20) |
| 60 | New York, NY (41.50) | 60 | Alexandria, VA (53.19) | 60 | Broken Arrow, OK (54.12) |
| 61 | Detroit, MI (41.25) | 61 | Richmond, VA (53.15) | 61 | Ventura, CA (54.02) |
| 62 | Chicago, IL (39.48) | 62 | Oxnard, CA (52.85) | 62 | Ann Arbor, MI (53.91) |
| 63 | New Orleans, LA (38.47) | 63 | Fort Wayne, IN (52.81) | 63 | Antioch, CA (53.82) |
| 64 | Baltimore, MD (38.30) | 64 | Springfield, MO (52.56) | 64 | Costa Mesa, CA (53.80) |
| 65 | Cleveland, OH (35.70) | 65 | Huntington Beach, CA (51.94) | 65 | Berkeley, CA (53.72) |
| 66 | St. Louis, MO (35.36) | 66 | Tallahassee, FL (51.94) | 66 | Clearwater, FL (53.68) |
| Info | Info | 67 | Jersey City, NJ (51.39) | 67 | Westminster, CA (53.65) |
| Info | Info | 68 | Laredo, TX (51.12) | 68 | Pueblo, CO (53.47) |
| Info | Info | 69 | Amarillo, TX (50.82) | 69 | West Covina, CA (53.15) |
| Info | Info | 70 | Augusta, GA (50.36) | 70 | Boca Raton, FL (52.95) |
| Info | Info | 71 | Winston-Salem, NC (50.26) | 71 | Orange, CA (52.88) |
| Info | Info | 72 | Glendale, CA (50.12) | 72 | Burbank, CA (52.84) |
| Info | Info | 73 | Birmingham, AL (49.68) | 73 | Sandy Springs, GA (52.64) |
| Info | Info | 74 | Palmdale, CA (49.46) | 74 | Green Bay, WI (52.61) |
| Info | Info | 75 | Lancaster, CA (49.19) | 75 | Gainesville, FL (52.56) |
| Info | Info | 76 | Worcester, MA (48.99) | 76 | Concord, CA (52.39) |
| Info | Info | 77 | Buffalo, NY (48.88) | 77 | Thousand Oaks, CA (52.34) |
| Info | Info | 78 | Norfolk, VA (48.56) | 78 | Miami Gardens, FL (51.77) |
| Info | Info | 79 | Fort Lauderdale, FL (48.09) | 79 | Pasadena, CA (51.67) |
| Info | Info | 80 | Newport News, VA (47.00) | 80 | Naperville, IL (51.66) |
| Info | Info | 81 | Rochester, NY (46.59) | 81 | Fullerton, CA (51.59) |
| Info | Info | 82 | Little Rock, AR (46.57) | 82 | Simi Valley, CA (51.49) |
| Info | Info | 83 | Akron, OH (45.89) | 83 | El Cajon, CA (51.48) |
| Info | Info | 84 | Fayetteville, NC (45.44) | 84 | South Gate, CA (51.44) |
| Info | Info | 85 | Hollywood, FL (45.43) | 85 | Coral Springs, FL (51.44) |
| Info | Info | 86 | Des Moines, IA (44.95) | 86 | Warren, MI (51.28) |
| Info | Info | 87 | Anchorage, AK (44.95) | 87 | Livonia, MI (51.19) |
| Info | Info | 88 | Providence, RI (44.13) | 88 | Savannah, GA (51.14) |
| Info | Info | 89 | Aurora, IL (43.93) | 89 | Kenosha, WI (51.11) |
| Info | Info | 90 | Mobile, AL (41.31) | 90 | Richmond, CA (51.03) |
| Info | Info | 91 | Montgomery, AL (40.27) | 90 | Santa Monica, CA (51.03) |
| Info | Info | 92 | Yonkers, NY (39.52) | 92 | El Monte, CA (50.89) |
| Info | Info | 93 | Springfield, MA (38.96) | 93 | Torrance, CA (50.87) |
| Info | Info | 94 | Jackson, MS (38.90) | 94 | Manchester, NH (50.56) |
| Info | Info | 95 | Newark, NJ (38.85) | 95 | Vallejo, CA (50.53) |
| Info | Info | 96 | Toledo, OH (38.56) | 96 | Carson, CA (50.06) |
| Info | Info | 97 | Columbus, GA (38.29) | 97 | Santa Barbara, CA (49.97) |
| Info | Info | 98 | Baton Rouge, LA (37.75) | 98 | Fort Smith, AR (49.53) |
| Info | Info | 99 | Shreveport, LA (34.12) | 99 | Dearborn, MI (49.48) |
| Info | Info | Info | Info | 100 | Downey, CA (49.23) |
| Info | Info | Info | Info | 101 | Norwalk, CA (49.07) |
| Info | Info | Info | Info | 102 | Tuscaloosa, AL (48.93) |
| Info | Info | Info | Info | 103 | Roanoke, VA (48.56) |
| Info | Info | Info | Info | 104 | Lansing, MI (48.07) |
| Info | Info | Info | Info | 105 | Inglewood, CA (47.83) |
| Info | Info | Info | Info | 106 | Pompano Beach, FL (47.78) |
| Info | Info | Info | Info | 107 | Lynn, MA (47.48) |
| Info | Info | Info | Info | 108 | Lowell, MA (47.36) |
| Info | Info | Info | Info | 109 | Cedar Rapids, IA (46.66) |
| Info | Info | Info | Info | 110 | Compton, CA (45.62) |
| Info | Info | Info | Info | 111 | Fall River, MA (45.51) |
| Info | Info | Info | Info | 112 | Springfield, IL (45.34) |
| Info | Info | Info | Info | 113 | New Bedford, MA (44.93) |
| Info | Info | Info | Info | 114 | Hampton, VA (44.92) |
| Info | Info | Info | Info | 115 | Stamford, CT (44.33) |
| Info | Info | Info | Info | 116 | Albany, NY (44.00) |
| Info | Info | Info | Info | 117 | Waukegan, IL (43.81) |
| Info | Info | Info | Info | 118 | Allentown, PA (43.61) |
| Info | Info | Info | Info | 119 | Dayton, OH (43.30) |
| Info | Info | Info | Info | 120 | Erie, PA (43.03) |
| Info | Info | Info | Info | 121 | Brockton, MA (42.89) |
| Info | Info | Info | Info | 122 | New Haven, CT (42.42) |
| Info | Info | Info | Info | 123 | Flint, MI (41.40) |
| Info | Info | Info | Info | 124 | Davenport, IA (40.86) |
| Info | Info | Info | Info | 125 | Miami Beach, FL (40.77) |
| Info | Info | Info | Info | 126 | Elgin, IL (40.63) |
| Info | Info | Info | Info | 127 | Joliet, IL (40.07) |
| Info | Info | Info | Info | 128 | Elizabeth, NJ (40.04) |
| Info | Info | Info | Info | 129 | Waterbury, CT (39.05) |
| Info | Info | Info | Info | 130 | Portsmouth, VA (38.97) |
| Info | Info | Info | Info | 131 | Paterson, NJ (38.43) |
| Info | Info | Info | Info | 132 | Rockford, IL (37.61) |
| Info | Info | Info | Info | 133 | Hartford, CT (35.55) |
| Info | Info | Info | Info | 134 | Bridgeport, CT (33.23) |
| Info | Info | Info | Info | 135 | Peoria, IL (31.15) |
Ask the Experts
Economic indicators point to a strong housing market, but does that mean it’s a good time to buy a home? We consulted a panel of experts for their insight. Click on the panelists’ profiles below to read their bios and thoughts on the following key questions:
- Is now a good time to buy a home? What economic indicators should potential buyers be watching?
- How has the pandemic affected housing prices and the home-buying process? What changes should we expect in the housing market during the upcoming months?
- How likely is it that the Federal Reserve will increase interest rates in the coming months? How will this impact the housing market?
- Why are Millennials still sitting out of the housing market? What can be done to increase homeownership rates for this cohort?
- What trends are impacting the housing market in 2022? Will it crash or boom?
Ask the Experts
Eva Steiner
Associate Professor of Real Estate, King Family Early Career Professor – Penn State Smeal College of Business
Read More
Associate Professor of Real Estate, King Family Early Career Professor – Penn State Smeal College of Business
Read More
Andrea Lee Negroni
JD – Adjunct Associate Professor of Law, Washington College of Law – American University, Washington DC
Read More
JD – Adjunct Associate Professor of Law, Washington College of Law – American University, Washington DC
Read More
Nicholas E. Stolatis
Principal of EPN Real Estate Services, Inc. and Faculty, Real Estate Institute – Fordham University
Read More
Principal of EPN Real Estate Services, Inc. and Faculty, Real Estate Institute – Fordham University
Read More
Thomas S. Nesslein
Ph.D. – Associate Professor, Austin E. Cofrin School of Business – University of Wisconsin – Green Bay
Read More
Ph.D. – Associate Professor, Austin E. Cofrin School of Business – University of Wisconsin – Green Bay
Read More
Frank Braconi
Ph.D. – was formerly the Chief Economist for the New York City Comptroller; Principal of a consulting practice, Big City Economics, and a Professor at New York University's Schack Institute of Real Estate
Read More
Ph.D. – was formerly the Chief Economist for the New York City Comptroller; Principal of a consulting practice, Big City Economics, and a Professor at New York University's Schack Institute of Real Estate
Read More
Aaron Hedlund
Associate Professor of Economics, Krannert School of Management – Purdue University
Read More
Associate Professor of Economics, Krannert School of Management – Purdue University
Read More
More Experts
Methodology
In order to determine the best real-estate markets, WalletHub compared 300 cities across two key dimensions, “Real-Estate Market” and “Affordability & Economic Environment.”
We evaluated those dimensions using 17 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the healthiest housing market.
Finally, we determined each city’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order our sample.
Each city in our sample was categorized according to the following population-size guidelines:
- Large city: More than 300,000 residents
- Midsize city: 150,000 to 300,000 residents
- Small city: Fewer than 150,000 residents
Real-Estate Market – Total Points: 80
- Home Value Forecast: Full Weight (~8.00 Points)
Note: This metric is based on Zillow’s Home Value Forecast, which predicts the Zillow Home Value Index one year from May 2022. - Median Home-Price Appreciation: Full Weight (~8.00 Points)
- Median Days on the Market: Full Weight (~8.00 Points)
- Share of Seriously Underwater Mortgages: Full Weight (~8.00 Points)
Note: This metric measures the proportion of seriously underwater mortgages, where the combined estimated balance of loans secured by those properties was at least 25 percent more than their estimated market value. - Ratio of Rent Price to Sale Price: Full Weight (~8.00 Points)
- Foreclosure Rate: Full Weight (~8.00 Points)
- Share of People Delinquent on their Mortgage Debt: Full Weight (~8.00 Points)
- Vacancy Rate: Full Weight (~8.00 Points)
Note: This metric was calculated as follows: Vacant Housing Units / Total Housing Units. - Share of Young Homes: Full Weight (~8.00 Points)
Note: “Young Homes” refer to housing units built between 2010 and 2020. - Building-Permit Activity: Full Weight (~8.00 Points)
Note: This metric measures the number of unit permits pulled per 1,000 residents.
Affordability & Economic Environment – Total Points: 20
- Housing Affordability: Double Weight (~5.00 Points)
Note: This metric measures home price as share of income. - Maintenance Affordability: Full Weight (~2.50 Points)
Note: This metric measures maintenance costs as share of income. - Population Growth Rate: Full Weight (~2.50 Points)
- Job Growth Rate: Full Weight (~2.50 Points)
- Unemployment Rate: Full Weight (~2.50 Points)
- Underemployment Rate: Full Weight (~2.50 Points)
- Median Credit Score: Full Weight (~2.50 Points)
Sources: Data used to create this ranking were collected from the U.S. Census Bureau, Bureau of Labor Statistics, Council for Community and Economic Research, Zillow, TransUnion, Chmura Economics & Analytics, The National Association of Realtors, ATTOM Data Solutions and WalletHub research.