Boulder tops the nation for strong and stable price appreciation, according to SmartAsset’s annual analysis of best housing markets for growth and stability.
It’s no surprise that home appreciation is high in Boulder County. But as the local housing market continues to heat up, stable home prices are key factors for any home buyer – whether new to the market or trading up.
For home buyers and owners in Boulder and two other locales, the news is positive. In fact, Boulder, along with the Texas metro of Austin-Round Rock, are Nos. 1 and 2 for the most stable housing markets in the county for the third year in a row.
Boulder claimed the highest average home appreciation of any metro area studied. Two factors cited by Smart Asset as making Boulder an attractive place to buy are a wealth of outdoor recreational activities and proximity to the University of Colorado.
Fort Collins clocked in at No. 3, climbing from No. 6 in 2016 and No. 11 in 2015 – gains that make the northern Colorado city a place to watch. With 261 percent housing price growth, the Fort Collins is just 6 percent behind No. 2 ranked Austin-Round Rock’s 267 percent growth over the past 25 years. Stability is also high for Fort Collins, with a mere 4 percent probability that housing prices will decline.
Denver-Aurora-Lakewood is No. 8 for growth and stability in 2017. With a robust housing market growth of 276 percent, this year’s ranking compares to No. 9 last year and No. 18 in 2015. On the downside, Denver has a 17 percent probability of a price decline.
No. 2 ranked Austin-Round Rock not only has seen steady market growth, Smart Asset notes it is one of the best places to start a business. Couple that fertile start-up reputation with the existence of large companies like Amazon, Google and Facebook and zero state income tax – it adds up to an appealing and stable place to live.
Smart Asset’s top 10 for growth and stability are as listed.
SmartAsset used Federal Housing Finance Agency data to determine the best housing markets with the most stable growth. Analysis included the home price index for single-family homes in the 358 largest urban markets, focusing on homebuyers who had purchased homes between the first quarter of 1992 and the last quarter of 2016.
For the full article and analysis methodology, visit https://smartasset.com/mortgage/best-housing-markets-for-growth-and-stability-2017
Owner and Founder
RE/MAX of Boulder