If you are in the market to buy a home, these cities can be just as you are looking for.
Buying a house is an aspiration for many Americans. While the economic catastrophe of COVID-19 has led to fluctuations in the performance of many real estate markets across the country by 2020, not all have declined. Inspire Report on Largest pandemic real estate city Found that between April and July 2020, monthly home sales were around 15%, indicating that healthy demand for real estate persists.
Anyone who is in the market for a new home-sweet-house knows that it is not just the house where there are factors to decide. Rather, the surrounding community and the resources it plays play an equally important role. Potential buyers want to strike where the iron is hot and find the right balance between a community with an affordable price and good schools, safe roads, and economic opportunities. The Best Cities for Inservis 2021 New Homebuyers Award recognizes communities that not only have real estate, but also have a strong commitment to support the livelihood of their residents.
Selection process for Insurys 2021 Best Cities for new homebuyers
Data scientists at the home insurance comparison site Insurify analyzed both proprietary and public data to identify the best cities for new homeowners. They evaluated US cities based on an overall score including factors Demand for real estate, level of employment, Enrollment in public school, And Driver and Pedestrian Safety.
The Insurys’ research team turned to Realtor.com for data on the popularity of real estate in American cities and for home price increases. Hotstar real estate markets and cities with positive trending home values received higher scores. Public school enrollment statistics and the unemployment rate in each city, provided by the US Census Bureau’s most recent American Community Survey, were the defining variables in education and employment levels, respectively. Cities with high public school enrollment and low unemployment rates were assigned a higher score.
Researchers at Insurify cited its database of over 2.9 million car insurance applications to calculate citywide measures of driver and pedestrian safety. Cities were rated for failure to yield for accidental accidents, DUI, speed of tickets and violation of pedestrians. The safer the road pattern of a city, or the lower the city-wise rate of these four violations, the higher the score obtained.
Insuri 2021 Best Cities Winner for New Homebuyers Awards
Alaska: The anchor
Arkansas: North rock
Colorado: Colorado Springs
Connecticut: new Haven
Georgia: Warner robins
Indiana: Fort wayne
Kentucky: Elizabeth Town
Louisiana: new Orleans
Missouri: Jefferson city
new Hampshire: Nashua
new Jersey: Hammonton
new Mexico: Albuquerque
New York: Rochester
North Carolina: Burlington
North Dakota: Bismarck
Oklahoma: Oklahoma City
Pennsylvania: East strodesburg
South Carolina: Colombia
South Dakota: Rapid city
Tennessee: Johnson city
West Virginia: Charleston
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Updated February 4, 2021