Photo by Syda Productions / Shutterstock.com
If you’re pondering a move, consider Texas or Colorado first.
Cities in those two states dominate WalletHub’s ranking of the year’s best real estate markets, which was released this week.
Of the 25 highest-ranked cities, 10 are in Texas and seven are in Colorado.
For the ranking, WalletHub examined 300 cities ranging from small (fewer than 150,000 people) to large (more than 300,000 people). The financial data site analyzed each city based on 16 factors, such as home sale turnover rates and housing affordability.
Each city was then scored on a 100-point scale, with 100 representing the healthiest housing market. The scores of the 300 cities examined ranged from 86.76 for Frisco, Texas, to 28.52 for Newark, New Jersey.
The three highest-ranked cities — which also are the only cities to earn a score in the 80s — are all in Texas. Following Frisco is McKinney (with a score of 83.87) and Richardson with (80.95).
The top 25 cities are:
- Frisco, Texas
- McKinney, Texas
- Richardson, Texas
- Murfreesboro, Tennessee
- Austin, Texas
- Allen, Texas
- Overland Park, Kansas
- Thornton, Colorado
- Plano, Texas
- Arvada, Colorado
- Denton, Texas
- Greeley, Colorado
- Lincoln, Nebraska
- Cary, North Carolina
- Carrollton, Texas
- Boise, Idaho
- Irvine, California
- Fort Collins, Colorado
- Aurora, Colorado
- Fort Worth, Texas
- Irving, Texas
- Westminster, Colorado
At the bottom of the ranking of 300 cities is Detroit at No. 298. It is followed by Paterson and last-place Newark, both in New Jersey. To view the complete ranking, visit WalletHub.com.
To learn more about shopping for a home, check out:
- “Your Mortgage: The Rate That Can Change Your Life“
- “10 Ways to Come Up With the Down Payment for a Home“
- “Home-Buying 101 – How to Pick the Right Pros“
- “7 Dumb (Expensive) Moves Homebuyers Make“
Would you consider moving to Texas or Colorado? How about another state? Share your thoughts with us below or over on our Facebook page.