A home is an investment, so it pays to do the homework required to see to it that that investment is sound. WalletHub crunched the numbers and found the places where that investment is most, and least, likely to pay off.
If you aim for long-term growth, equity and profit, 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 22 key indicators of housing-market attractiveness and economic strength. Our data set ranges from median home-price appreciation to home sales turnover rate to job growth. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.
Topping the list are Frisco, McKinney and Allen, Texas. At the bottom: Detroit, Newark and Dayton.