We’re coming off one of the hottest summers for real estate in recent history, but if you want further proof that North Texas is the place to be for both buying and selling a home, here is some.
Personal-finance website WalletHub conducted an in-depth analysis of 300 U.S. cities to determine the best real estate markets for 2016. Five of the top 10 are in the Dallas-Fort Worth area: Frisco, McKinney, and Richardson rank Nos. 1, 2, and 3, respectively. Allen lands at No. 6, followed by Plano at No. 9.
Austin fared very well too, taking the No. 5 slot overall. Within the top 20 are two more North Texas locales: No. 12 Denton and No. 17 Carrollton.
Fort Worth ranks No. 23, while Dallas comes in at No. 42.
To find the most attractive housing markets, WalletHub analysts looked at 16 key metrics, including median home-price appreciation, housing affordability, and job growth rate.
Frisco has one of the highest median home-price appreciation ranks (No. 4). It also ranks No. 1 for lowest maintenance costs as a percentage of income. Allen is not far behind at No. 3.
Rounding out the top 10 are Murfreesboro, Tennessee (No. 4); Overland Park, Kansas (No. 7); and Thornton (No. 8) and Arvada (No. 10), Colorado. The five worst real estate markets are Flint, Michigan; Cleveland; Detroit; and Paterson and Newark, New Jersey.