WHERE THE HIPSTERS ARE — ALONGWITH INVESTOR PROFITS
Denver, followed by Seattle and Dallas-Fort Worth, top the list of Top 10 housing markets for 2016, as predicted by Zillow. All are major tech towns— ideal for job growth. Other places that made the list are Utah markets Ogden and Salt Lake City, along with Omaha, Neb., and Boise, Idaho. “Trendy tech centers like San Francisco, Seattle and Denver hogged the spotlight in 2015. But this year, the markets that shine brightest will be those that manage to strike a good
balance between strong income growth, low unemployment and solid home value appreciation,” Zillow Chief Economist Dr. Svenja Gudell said. To determine the Top 10, Zillow evaluated home value appreciation, unemployment rates and income growth. Those three variables then were scaled and combined to form a “hotness score.” • SOURCE :: www.realtytrac.com
TOP 30 HIPSTER ZIPS FOR HOME FLIPS:
2015 HOME FLIPS
FLIPS % OF TOTAL SALES
2015 FLIPPING GROSS PROFIT
2015 FLIPPING GROSS ROI
% AGES 20-34
% WALK OR PUBLIC TRANSPORT TO WORK
ZIP
CITY
STATE
55408 29403 60611 19146 22305 19147 19125 20002 21211 60615 20782 27601 15201 60612 90026 89119 94606 19148 20781 94601 94702 07104 20032 07087 98115 07103 15212 19082 19003 19120
Minneapolis Charleston Chicago Philadelphia Alexandria Philadelphia Philadelphia Washington Baltimore Chicago Hyattsville Raleigh Pittsburgh Chicago Los Angeles Las Vegas Oakland Philadelphia Hyattsville Oakland Berkeley Newark Washington Union City Seattle Newark Pittsburgh Upper Darby Ardmore Philadelphia
MN SC IL PA VA PA PA DC MD IL MD NC PA IL CA NV CA PA MD CA CA NJ DC NJ WA
11 24 22 143 16 38 72 73 24 14 34 14 21 10 17 48 11 107
4.3 7.3 2.3 12.9
$168.026 $171,000 $176,250 $145,000 $173,250 $123,939 $142,250 $252,000 $120,250 $68,250 $185,950 $178,500 $117,500 $96,000 $270,000 $57,500 $185,000 $75,000 $137,500 $192,500 $310,500 $191,000 $140,000 $107,500 $257,000 $117,000 $27,500 $34,900 $125,950 $30,450
72.4% 79.3% 50.9% 193.3% 51.3% 72.9% 178.9% 63.3% 120.3% 83.2% 129.6% 230.3% 174.1% 147.7% 56.3% 57.5% 74.0% 88.2% 100.0% 87.5% 52.6% 254.7% 112.0% 55.1% 67.6% 188.7% 137.5% 77.6% 72.0% 85.8%
46.1 41.3 40.2 36.4 35.9 35.8 34.2 33.9 32.2 32.0 31.4 31.4 30.4 29.5 29.5 28.4 28.1 27.7 27.6 26.9 26.7 26.3 26.2 25.8 25.8 25.1 25.1 25.1 25.1 25.0
21.8 22.9 56.5 48.2 27.0 43.0 34.7 47.3 21.2 48.2 32.1 25.2 24.2 37.9 20.9 21.0 25.0 38.6 25.8 25.2 27.2 35.4 41.3 53.7 21.9 40.1 24.9 28.1 21.9 30.9
8.0 5.5
12.4 10.7
6.4 3.6
13.8 10.7 7.5 4.2 8.6 10.1 8.9 11.1 8.3 14.6 12.4 8.8 17.8 5.6 3.4 11.6
12 34 16 15 23 18 29 19 16 11 12 52
NJ PA PA PA PA
4.3 3.3 6.5 9.8
SOURCE :: RealtyTrac sales deed data, U.S. Census bureau
thinkrealty . com / mag | 9
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