Smart Asset, a financial technology company, recently ranked the fifty top rising housing markets in the United States based on data from 2014 through 2018. Greeley tied for 35th in the study. In recent years, housing demand has increased by more than 10% in some cities while declining by almost 5% in others. And amid that disparity, it’s important to be strategic about where it would be best to take out a mortgage or put a house up for sale, since not all markets are performing equally well. With that in mind, SmartAsset compiled data to find where housing markets in the U.S. are rising more than others, so that you can make more informed decisions as a buyer or seller.
Data and Methodology
To find the top rising housing markets, we looked at data for the 317 U.S. cities with a population greater than 100,000 in 2018. We analyzed this information across the following three metrics:
- Housing demand. This is the percentage point difference between population growth and housing unit growth from 2014 to 2018.
- Home value growth. This is the percentage change in median home values from 2014 through 2018.
- Income growth. This is the percentage change in median household income from 2014 through 2018.
For more information please visit: https://smartasset.com/mortgage/best-housing-markets-for-growth-and-stability-2020