Real Estate Marketing & Beyond
Real estate investors looking for the best neighborhoods would do well to check out this new list from ATTOM Data Solutions.
The real estate analysis firm has just published a new list ranking more than 10,000 neighborhoods and their housing markets across the U.S., grading them from A to F to illustrate their investment potential.
ATTOM factored six key metrics into its analysis – affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes. It also broke down the common housing characteristics and trends among each grade for further analysis.
Pine Ridge neighborhood in the Naples, Florida (median price $632,871) came out on top of ATTOM’s list, followed by Westlake neighborhood in Mobile, Ala. ($196,179); Union neighborhood in the San Jose, Calif., metro area ($795,000); Westmoreland neighborhood in the Charlotte, N.C., metro ($326,000); and Hunters Hill neighborhood in the Denver metro ($271,000).
ATTOM also revealed more than 136 neighborhoods with an A rating that has a median home price of $100,000 or less. Top of the list was the Devonshire neighborhood in the Mobile, Alabama, metro ($78,038 median price), followed by the Park Central neighborhood in the Orlando Florida, metro ($91,750); the East English Village neighborhood in the Detroit, Michigan, metro area ($66,750); the Cypress Shores neighborhood in the Mobile, Alabama, metro ($85,000); and the Hathaway Manor neighborhood in the St. Louis, Missouri, metro ($69,190).
Daren Blomquist, senior vice president at ATTOM Data Solutions, said the data shows that although home prices are generally higher in those higher-ranked neighborhoods with better schools and low crime levels, there are still numerous neighborhoods across the country with reasonable priced homes that offer a great investment potential.
“The top five neighborhoods in this ranking represent a diverse set of markets across the country, illustrating that great neighborhoods come in many different forms,” Blomquist said.
