WalletHub identified the best real estate markets for those looking to invest in property. The site compared 300 cities across 24 criteria to determine housing market attractiveness and economic strength. Factors influencing a market’s rating include home price appreciation, home sales turnover, and job growth. Each city has three rankings: overall, real-estate market, and affordability and economic environment rank. Boise, Idaho stole the first place position receiving a 2 on real-estate market rank, along with a 38 on affordability and economic environment. Seattle came in second with a 1 ranking for market but a 121 for affordability and economic environment.
In order to determine the best real-estate markets, WalletHub compared 300 cities across two key dimensions, “Real-Estate Market” and “Affordability & Economic Environment.”
We evaluated those dimensions using 24 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the healthiest housing market.
Finally, we determined each city’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order our sample.