With the median existing-home price up a record 23.6 percent compared to last year, the personal-finance website WalletHub today released its report on “2021’s Best Real-Estate Markets.”
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 18 key metrics. The data set ranges from median home-price appreciation to job growth, WalletHub announced in a release.
The best real estate markets were Frisco, Texas, Austin, Texas, Gilbert, Ariz., McKinney, Texas, Denton, Texas, Allen, Texas, Durham, N.C., Reno, Nev., Roseville, Calif. And Nashville, Tenn.
The worst markets were Bridgeport, Conn., Waterbury, Conn, New Orleans, La., Springfield, Ill., Montgomery, Ala., St. Louis, Miami Beach, Fla., Baton Rouge, La., Shreveport, La. And Hartford, Conn.
The best versus worst notes included:
- Daly and San Mateo, Calif. have the lowest share of seriously underwater mortgages, 0.92 percent, which is 20.7 times lower than in Norfolk, Va., the city with the highest at 19.03 percent.
- Centennial, Colo. has the lowest vacancy rate, 2.10 percent, which is 17.6 times lower than in Miami Beach, Fla., the city with the highest at 37 percent.
- Toledo, Ohio, has the lowest home price as a share of income, 105.73 percent, which is 19.2 times lower than in Santa Barbara, Calif., the city with the highest at 2,029.46 percent.