HOUSINGNEWS REPORT
BOISE HOUSING MARKET BURSTING AT THE SEAMS
2018 NEIGHBORHOOD HOUSING INDEX NEIGHBORHOOD GRADE
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“While home prices are typically higher in higher-ranked neighborhoods with better schools and lower crime, there are still many top-notch neighborhoods with more reasonably priced homes,” said Daren Blomquist, senior vice president at ATTOM Data Solutions. “The top five neighborhoods in this ranking represent a diverse set of markets across the country, illustrating that great neighborhoods come in many different forms.” A-rated neighborhoods with home prices of $100,000 or less There were 136 neighborhoods with an A rating and with median home prices of $100,000 or less, led by the Devonshire neighborhood in the Mobile, Alabama, metro ($78,038 median price); the Park Central neighborhood in the Orlando, Florida, metro ($91,750); the East English Village neighborhood in the Detroit, Michigan, metro area ($66,750); the
St. Petersburg, Florida (35.8 percent); and the Portland neighborhood in Louisville, Kentucky (33.6 percent). Best neighborhoods for flipping homes ATTOM also analyzed potential home flipping returns in 3,573 neighborhoods with sufficient home flipping data. There were 209 neighborhoods with an A rating and with an average gross flipping return on investment of 50 percent or more, led by the Cottage Grove Heights neighborhood in the Chicago, Illinois, metro (309.2 percent ROI); the Woodmere and Dolfield neighborhoods in the Baltimore, Maryland, metro (both with 250.0 percent ROI); the West Chesterfield neighborhood in the Chicago metro (247.8 percent ROI); and the Westside neighborhood in the Memphis, Tennessee metro (221.9 percent ROI).
Cypress Shores neighborhood in the Mobile, Alabama, metro ($85,000); and the Hathaway Manor neighborhood in the St. Louis, Missouri, metro ($69,190). Best neighborhoods for buying rental homes ATTOM analyzed potential rental returns for homes purchased as rentals in 10,895 neighborhoods with sufficient rental return data. Among 2,188 neighborhoods with an A rating, there were 494 with a potential annual gross rental yield of at least 10 percent, led by the Westover neighborhood in Fayetteville, North Carolina (41.7 potential gross annual rental yield); the Terminal Park neighborhood in Sarasota, Florida (41.5 percent); the Southwest York neighborhood in York, Pennsylvania (35.8 percent); the Griffin Park neighborhood in Tampa-
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AUG 2018 | ATTOM DATA SOLUTIONS
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