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Survey: This is the best city to buy a house in this year

New WalletHub research shows that Frisco, Texas is the best city to buy a home in this year, with a “total score” of 75.06 out of 100.

The company looked at 300 cities in terms of “affordability and economic environment,” as well as “real-estate market.” Then it examined them in terms of 22 other factors before giving each city a score out of 100. WalletHub used information from the U.S. Census Bureau, among many other sources.

The 10 best cities overall to buy a home in this year

Did yours make the cut?

1) Frisco, TX: total score of 75.06

2) McKinney, TX: total score of 74.6

3) Allen, TX: total score of 73.93

4) Santa Clara, CA: total score of 73.79

5) Durham, NC: total score of 72.45

6) Murfreesboro, TN: total score of 72.4

7) Richardson, TX: total score of 72.29

8) Seattle, WA: total score of 72.16

9) Bellevue, WA: total score of 72.14

10) Denton, TX: total score of 71.98

Furthermore, here are the top 5 cities in terms of each size category (“large cities,” “midsize cities” and “small cities”).

Greatest big cities to buy a home

The population of each is more than 300,000.

1) Seattle, WA: total score of 72.16

2) Denver, CO: total score of 70.16

3) Fort Worth, TX: total score of 69.34

4) Aurora, CO: total score of 68.86

5) Colorado Springs, CO: total score of 68.12

Greatest medium-sized cities to buy a home

The population of each is 150,000 to 300,000.

1) McKinney, TX: total score of 74.60

2) Durham, NC: total score of 72.45

3) Cary, NC: total score of 69.39

4) Fort Collins, CO: total score of 68.96

5) Boise, ID: total score of 68.95

Greatest small cities to buy a home

The population of each is less than 150,000.

1) Frisco, TX: total score of 75.06

2) Allen, TX: total score of 73.93

3) Santa Clara, CA: total score of 73.79

4) Murfreesboro, TN: total score of 72.40

5) Richardson, TX: total score of 72.29

How the cities compare to each other

The infographic shows how they stack up:

These are the signs of a good housing market

Howard Ways, AICP, Associate Professor and Program Director at Jefferson University, told WalletHub about the five biggest factors when taking a look at the best housing markets in a series of bullet points. He wrote:

  • Population growth – Areas with a growing population will see an increased demand for housing.
  • Rental vacancies – Low vacancies signal a competitive market and a pent up demand for new units.
  • Median household income – High-income communities end to have a more disposable income to purchase the ancillary items related to housing – furniture, household appliances, etc. and to pay for private school tuition in areas where public school performance is an issue.
  • Days on the market – Quicker sales means a competitive market and usually less available inventory.
  • Amount of building permits issued – Predictor of things to come; more permits means more inventory coming online in the near future,” he told the site.

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