According to the Wall Street Journal (WSJ), residential real estate is one of the most popular investments in the country, with the total value of owner-occupied real estate at roughly $32 trillion in the U.S. To help ambitious home buyers make the important investment decision, the Wall Street Journal collaborated with Realtor.com to rank which housing markets in which cities are anticipated to provide both a a nice place to live and a strong return on investment. Trenton, NJ has ranked #40.
In a list of 300 areas across the nation, Trenton has outranked a number of popular cities such as Salt Lake City, UT at #51, Lancaster, PA at #88, Raleigh NC at #105, and New York, Newark and Jersey City at #299.
“While other market-by-market comparisons focus only on housing metrics, the WSJ/Realtor.com Emerging Housing Markets Index also looks at non-housing indicators to help identify places that are not only good places to invest, but also where you are likely to enjoy living,” said David M. Ewalt, writer for the WSJ.
To produce this massive investors tool of the top emerging housing markets in the U.S., the WSJ and Realtor.com reviewed data for the 300 most populous core-based statistical areas, as measured by the U.S. Census Bureau.
There are two primary areas WSJ and Realtor.com analyzed to develop this list – real-estate markets and economic health – each of which make up 50 percent of the total scores for the cities. Within these areas of analysis are further division of criteria used to rank the cities – Real-Estate Supply (16.6 percent); Real-Estate Demand (16.6 percent); Median Home Listing Price Trend (16.6 percent); Unemployment (7.1 percent); Wages (7.1 percent); Regional price parities (7.1 percent); Amenities (7.1 percent); Commute (7.1 percent); Foreign-born Residents (7.1 percent) and Small Businesses (7.1 percent).
To learn more about the WSJ and Realtor’s Emerging Housing Markets Index and how Trenton compares to other national cities, click HERE.