When buying a home, buyers often look for what is going to give them the best return on their purchase, and where you buy can have an impact on value. Beyond just square footage and style, WalletHub examined several key factors that go into a home’s value across 300 U.S. cities to find out what markets are the best, in terms of affordability and overall quality.
WalletHub ranks Frisco, Texas at number one in its findings in both the small cities category and overall, due to its highest quality “Affordability & Economic Environment” ranking. In large cities, Seattle comes in at number one, with the houses at the lowest number of days on the market of any U.S. city.
California ranks high overall, due to several of its major cities holding the lowest number of homes in negative equity in the nation. Richmond, California has the highest median home price appreciation of the 300 cities surveyed, while five other California cities (Sunnyvale, San Jose, San Francisco, Concord, and Santa Clara) rank right behind Seattle in the shortest number of days a home stays on the market.