To determine the best local real-estate markets in the U.S., WalletHub compared 300 cities of varying sizes across 17 key indicators of housing-market attractiveness and economic strength. Their data set ranges from median home-price appreciation to job growth.
The top five cities are:
1. Frisco, Texas
2. Allen, Texas
3. McKinney, Texas
4. Austin, Texas
5. Nashville, Tenn.
The first 3 cities are in Collin County, Texas.
In order to determine the best real-estate markets, WalletHub first compared 300 cities across two key dimensions, “Real-Estate Market” and “Affordability & Economic Environment.”
Then, they evaluated those dimensions using 17 relevant metrics, which are listed on its website with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the healthiest housing market.
Finally, each city’s weighted average was determined across all metrics to calculate its overall score and used the resulting scores to rank-order their sample.
Each city in the sample was categorized according to the following population-size guidelines:
Large city: More than 300,000 residents
Midsize city: 150,000 to 300,000 residents
Small city: Fewer than 150,000 residents
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