As many markets begin to clank and clamor about like a boiling pot about to blow its lid, some areas of the country have experienced steady and, just as importantly, stable growth. As MarketWatch reports, a new SmartAsset report has created a list of the most stable housing markets in the country by looking at markets that have experienced stable home price growth while also having a low probability that homes would have declined in value by at least 5 percent within a decade after the home was purchased. All 358 housing markets in the country were looked at from 1991 to the present day.
Interestingly enough, none of the super hot coastal city markets were on the list. Instead, all of the stable cities were located farther inland. Boulder, Colo., was at the top of the list having had the most stable growth over the past 25 years. Not only have home values climbed by over 300 percent, but an average homeowner hasn’t suffered a single significant price decline since 1991.
Second on the list was Austin-Round Rock, Texas with a 271 percent price growth and just a few significant declines since 1991. Casper, Wyo., Bismarck, N.D., and Midland, Texas round out the top five most stable markets.
While stability is always good, just because a market has had the most stable growth doesn’t mean it is also the market where a homeowner stands to make the largest profits.
To see the entire list of the most stable housing markets, click the link below.