BIG DATA SANDBOX
ON THE REBOUND ROUGH HOODS TOP 5
RealtyTrac (an ATTOM Data Solutions Company) analyzed 3,561 zip codes nationwide with a combined population of more than 124 million people and sufficient data on construction loans, home flips, school scores, share of underwater homes (all from the ATTOM Data Warehouse), and the millennial share of population from the U.S. Census bureau. To make the final cut of Top 35 Best Down-and-Out Neighborhoods to Buy a Home, zip codes had to have a population of at least 2,500, an increase in the number of construction loans over the past 12 months, an average home flipping gross return of at least 60 percent, with millennials (born between 1984 and 2000) representing at least 25 percent of the total population and increasing in share of population from 2013 to 2014. Additionally, the zip code’s highest scoring elementary school needed to be below the state average, and the share of underwater homes in the zip code needed to be at least 15 percent — above the national average.
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