Space, as in square footage, is a genuine asset for people who are raising a family. SmartAsset set out for the second year in a row to find places where space can be had for a reasonable price within city limits. Arizona cities placed five in the top 10. Here's SmartAsset:
In order to rank the best places to buy a home big enough to raise a family, we examined a total of six factors. Specifically, we looked at change in home values, change in rent, percent of housing-cost burdened homeowners, housing costs as a percent of household income, percent of homes with at least two bedrooms and average effective property tax rate. Check out our data and methodology below to see where we got our data and how we put it together to create our final rankings.
- Phoenix metro area is a great place – Five of the top 10 cities in this study lie in the Phoenix metro area. That means it’s tough to go wrong if you’re looking for a family home anywhere near Phoenix. Even Phoenix itself scores well, coming in 20th.
- Avoid New York City – New York City isn’t exactly known for spacious homes. In total, the New York City metro area has three of the bottom-10 ranked cities in this study. Newark comes in last, Jersey City takes the 97th spot and New York City itself comes in 91st. All of these cities have a low rate of suitably spacious homes and tend to be expensive relative to other cities.