Real Estate

Grand Rapids is the 15th 'best' housing market in US

August 27, 2019
TAGS housing
Print
Text Size:
A A
LMCU leads mortgage charge with record month
©iStock.com/ajcasanova

Grand Rapids ranks among the "best" cities in the country for buying a home. 

WalletHub, a Washington, D.C.-based personal finance website, recently published its 2019 “Best Real Estate Markets” report, showing Grand Rapids is high on the ranking compared to most major cities.

To determine the best housing markets in the U.S., WalletHub compared 300 cities of varying sizes across 23 indicators of "housing market attractiveness and economic strength." The data set includes median home-price appreciation, home sales turnover rate and job growth. 

Each metric was graded on a 100-point scale, with 100 representing the healthiest housing market.

Coming in at No. 15 overall, Grand Rapids received an overall score of 67.88, ranking No. 8 in the "real estate market" sub-category and No. 103 in "affordability and economic environment" sub-category.

Grand Rapids also ranks No. 9 overall among mid-size cities (150,000 to 300,000 residents) with a score of 67.88.

The report also looked at small cities (under 150,000 residents). 

Top 10 “best” housing markets

1.   Boise, Idaho: 73.68
2.   Frisco, Texas: 72.44
3.   Overland Park, Kansas: 71.69
4.   Cary, North Carolina: 71.07
5.   Denton, Texas: 70.51
6.   McKinney, Texas: 70.23
7.   Carrollton, Texas: 70.02
8.   Durham, North Carolina: 69.67
9.   Allen, Texas: 69.52
10. Fort Wayne, Indiana: 69.51

Top 10 “best” mid-size housing markets

1.   Boise, Idaho: 73.68
2.   Frisco, Texas: 72.44
3.   Overland Park, Kansas: 71.69
4.   Cary, North Carolina: 71.07
5.   McKinney, Texas: 70.32
6.   Durham, North Carolina: 69.67
7.   Fort Wayne, Indiana: 69.51
8.   Gilbert, Arizona: 67.99
9.   Grand Rapids: 67.88
10. Laredo, Texas: 65.29

Recent Articles by Ehren Wynder

Editor's Picks

Comments powered by Disqus