Where are the best neighborhoods for buyers and investors? ATTOM Data Solutions ranked more than 10,000 neighborhood housing markets nationwide using the letter grades A through F. The real estate data firm factored in six metrics: affordability, home price appreciation, school scores, crime rates, unemployment rates, and property taxes.
ATTOM broke down the common housing characteristics and trends among each grade.
The top five neighborhood housing markets on ATTOM’s list: Pine Ridge neighborhood in the Naples, Fla., metro area (median price: $632,871); Westlake neighborhood in Mobile, Ala. ($196,179); Union neighborhood in the San Jose, Calif., metro area ($795,000); Westmoreland neighborhood in the Charlotte, N.C., metro ($326,000); and Hunters Hill neighborhood in the Denver metro ($271,000).
“While home prices are typically higher in higher-ranked neighborhoods with better schools and lower crime, there are still many top-notch neighborhoods with more reasonably priced homes,” says Daren Blomquist, senior vice president at ATTOM Data Solutions. “The top five neighborhoods in this ranking represent a diverse set of markets across the country, illustrating that great neighborhoods come in many different forms.”
Source:
“Best Neighborhoods for Real Estate Buying and Investing,” ATTOM Data Solutions (Aug. 2, 2018)
