A Clean Bill of Health
Interested in seeing how healthy your local market is? Smart Asset, a financial decision-making site, has released a detailed, interactive map of the health of local markets.
In determining whether or not a market was healthy, the firm looked at places where the market was both stable and affordable, where homeowners were easily able to sell their homes and where there was a low risk of homeowners losing money over time.
The firm looked in detail at the number of years people remained in their homes (higher was better), the percentage of homeowners with negative equity (lower was better), the percentage of homes that decreased in value, the average time a home sits on the market and the monthly cost of owning a home as a percentage of household income in each county and city.
Here’s the ranking of the Top 10 healthiest markets, but you can look yours up online with SmartAsset.
The Top 10 Healthiest Markets
- Edgewood, Kentucky, a suburb of Cincinnati
- Mesquite, Texas, a suburb of Dallas
- Northridge, Ohio, a suburb of Dayton
- Concord, Missouri, a suburb of St. Louis
- Jenison, Michigan, a suburb of Grand Rapids
- Bethel Park, Pennsylvania, a suburb of Pittsburgh
- Forest Hills, Michigan, a suburb of Grand Rapids
- Richland, Washington, a community in southwest Washington
- Pearl City, Hawaii, a community near Honolulu
- Clawson, Michigan, a suburb of Detroit
