Think-Realty-Magazine-October-2018

HOUSING NEWS REPORT

BY ATTOM DATA SOLUTIONS AT OM DATA

neighborhood in York, Pennsylvania (35.8 percent); the Griffin Park neighborhood in Tampa-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 neigh- borhoods 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 per- cent ROI); the Woodmere and Dolf- ield 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, Tennes- see metro (221.9 percent ROI). •

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 Cypress Shores neighborhood in the Mo- bile, 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 poten- tial annual gross rental yield of at least 10 percent, led by the Westover neighbor- hood in Fayetteville, North Carolina (41.7 potential gross annual rental yield); the Terminal Park neighborhood in Sarasota, Florida (41.5 percent); the Southwest York

2018 NEIGHBORHOOD HOUSING INDEX Neighborhood Grade A B C D F

Best Neighborhoods for Real Estate Buying and Investing

"DATA IN ACTION" ARTICLE FROM ATTOM DATA SOLUTIONS.

he ATTOM Data Solutions 2018 Neighborhood Housing Index uses new neighborhood boundary data to rank more than 10,000 neighborhood housing markets nationwide based on six factors impacting the hyperlocal housing market: affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes. The top five U.S. neighborhood housing markets based on the index T

were the Pine Ridge neighborhood in the Naples, Florida, metro ($632,871 median price); Westlake neighborhood in the Mobile, Alabama, metro ($196,179); Union neighborhood in the San Jose, California, metro ($795,000); Westmo- reland neighborhood in the Charlotte, North Carolina metro ($326,000); and Hunters Hill neighborhood in the Den- ver, Colorado, metro ($271,000). “While home prices are typically

higher in higher-ranked neighborhoods with better schools and lower crime, there are still many top-notch neigh- borhoods with more reasonably priced homes,” said Daren Blomquist, senior vice president at ATTOM Data Solu- tions. “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.”

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