2020 Best Cities to Buy an Affordable Family Home According to SmartAsset
SmartAsset just published 2020 Best Cities to Buy an Affordable Family Home. Two cities in Phoenix area have make into top 10 list compare to five in 2019. The two cities that make into the list are #3 Gilbert and #8 Chandler.
These ranking are based on analysis of 100 of the largest U.S. cities across seven metrics. These seven metrics including percentage of homes with at least two bedrooms, the five-year change in homeownership rate, down payment-to-income ratio, housing costs as a percentage of income, high school graduation rate, property crime rate and violent crime rate.
#3 Gilbert, AZ
Almost 42% of owner-occupied homes in Gilbert, Arizona have two or three bedrooms, and 57.9% of them have four bedrooms or more. As a result, close to all homes (99.8%) in Gilbert could fit a family who needed that many rooms. Gilbert is also a relatively safe city. Our data shows that Gilbert has the fourth- and second-lowest property and violent crime rates, respectively, of all 100 cities in our study.
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#8 Chandler, AZ
In the five-year period from 2014 through 2018, the homeownership rate in Chandler, Arizona rose by more than seven percentage points, from 57.95% in 2014 to 65.81% in 2018. That 7.86% increase is the largest in the study. Additionally, Chandler ranks in the top 25 for four other metrics: percentage of homes with at least two bedrooms (98.6%), housing costs as a percentage of income (18.67%) and property and violent crime rates (roughly 2,121 and 237 per 100,000 residents, respectively).
New Listing in Last 24 hour Chandler AZ
Swee Ng, Realtor and Phoenix East Valley resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.
If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us. Contact us today for complimentary consultation.
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