With home values rising by an average of more than $16,000 in the first quarter of 2018 but affordability dropping as mortgage rates get higher,
the personal-finance website WalletHub today released its report on 2018’s Best Real-Estate Markets.
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 22 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.
Best Real-Estate Markets Worst Real-Estate Markets
1 Frisco, TX 291 Waterbury, CT
2 McKinney, TX 292 Miami Beach, FL
3 Allen, TX 293 Flint, MI
4 Santa Clara, CA 294 Cleveland, OH
5 Durham, NC 295 Paterson, NJ
6 Murfreesboro, TN 296 Elizabeth, NJ
7 Richardson, TX 297 Peoria, IL
8 Seattle, WA 298 Dayton, OH
9 Bellevue, WA 299 Newark, NJ
10 Denton, TX 300 Detroit, MI
Best vs. Worst
• Berkeley, California, has the lowest share of homes with negative equity, 1.17 percent, which is 32.8 times lower than in Detroit, the city with the highest at 38.36 percent.
• Sunnyvale, California and Seattle have the lowest average number of days until a house is sold, 35, which is 4.9 times lower than in Miami Beach, Florida, the city with the highest at 170.
• Allen, Texas, has the lowest vacancy rate, 1.40 percent, which is 26.2 times lower than in Miami Beach, Florida, the city with the highest at 36.66 percent.
• Akron, Ohio, has the lowest home price as a share of income, 172 percent, which is 8.9 times lower than in Berkeley, California, the city with the highest at 1,525 percent.
To view the full report and your city’s rank, please visit: https://wallethub.com/edu/best-real-estate-markets/14889/