2019 Best Cities to Buy a Family Home According to SmartAsset
SmartAsset just published 2019 Best Cities to Buy Family Home. Five cities in Phoenix area have make into top 10 list. They are #3 Chandler, #4 Gilbert, #6 Mesa, #7 Glendale and #9 Scottsdale. These ranking are based on analysis of six different data points: change in home values, change in rent, percentage of housing cost-burdened homeowners, housing costs as a percentage of household income, percentage of homes with at least two bedrooms and average effective property tax rate.
#3 Chandler, AZ
Chandler is the first of four Arizona towns to make the top 11. It has seen average rents change just 13% in the past five years. Chandler also has the seventh-highest percentage in our study of homes having at least two bedrooms, at about 90%. Just 19% of homeowners in Chandler are burdened by housing costs, a top-10 rate. Chandler’s home values, though, rose only 26% in the five years from 2013 to 2017, ranking 58th overall.
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#4 Gilbert, AZ
Gilbert, another city in Arizona, is next. Almost all of the homes in Gilbert – about 95% – have at least two bedrooms, making it second-highest ranked city in this study for this metric. If you’re looking for a home big enough for your family in Gilbert, there are plenty of options. Gilbert also has the 12th-lowest property tax rate in our study, at just 0.60%. Home values increased by about 34% from 2013 to 2017.
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#6 Mesa, AZ
Mesa, Arizona has an average effective property tax rate of just 0.54%, the eighth-lowest rate in this study. This makes buying a home for your family more affordable, as you’ll be paying less to the government in property taxes each year. Almost 85% of homes in Mesa have at least two bedrooms – a rate that is not near the top of this study, but still within the top 40. From 2013 to 2017, home values increased 45% while rents increased by 19%.
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#7 Glendale, AZ
The final Arizona city on this list is Glendale, and ties for seventh place with Aurora, Colorado. The city scores toward the middle of the pack for most of our metrics. Approximately 20% of its residents are housing cost-burdened. Home values increased by 55% while rents increased by 16% over the course of the five-year period we studied, from 2013 to 2017. About 85% of homes have at least two bedrooms and the average effective property tax rate is 0.62%, which are top-40 and top-20 rates, respectively.
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#9 Scottsdale, AZ
The final city on our list is Scottsdale, Arizona. The change in rent from 2013 to 2017 in Scottsdale was a 16% increase, ranking 40th overall. The change in home value over the same period was an increase of 24% and the percentage of homeowners in Scottsdale that are housing cost-burdened is also 24%. While Scottsdale ranks in the bottom half of the study for both of these metrics, it has top-10 rates for the metrics of housing costs as a percentage of income, percentage of homes with at least two bedrooms and effective property tax rate. Approximately 19% of Scottsdale’s median household income consists of median housing costs. About 90% of the city’s homes have at least two bedrooms. The average effective property tax rate is 0.51%.
New Listing in Last 24 hour Scottsdale AZ
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