With home values up around 3.3% in the past year and mortgage rates remaining high, the personal-finance website WalletHub today released its report on the Best Real Estate Markets in 2024, as well as expert commentary, to identify the most attractive cities for home-buyers and real estate professionals.
WalletHub compared 300 cities across 17 key metrics. The data set ranges from median home-price appreciation to housing affordability to job growth.
| Best Real Estate Markets | Worst Real Estate Markets | |
| 1. McKinney, TX | 291. Miami Beach, FL | |
| 2. Frisco, TX | 292. Cleveland, OH | |
| 3. Cary, NC | 293. Davenport, IA | |
| 4. Nashville, TN | 294. Philadelphia, PA | |
| 5. Durham, NC | 295. Peoria, IL | |
| 6. Gilbert, AZ | 296. Jackson, MS | |
| 7. Charlotte, NC | 297. Baton Rouge, LA | |
| 8. Denton, TX | 298. Shreveport, LA | |
| 9. Allen, TX | 299. Baltimore, MD | |
| 10. Port St. Lucie, FL | 300. New Orleans, LA | |
Best vs. Worst
- San Jose, Sunnyvale and Santa Clara, California, have the lowest share of seriously underwater mortgages, which is 26.6 times lower than in Baton Rouge, Louisiana, the city with the highest.
- Fontana, California, has the lowest vacancy rate, which is 16.6 times lower than in Miami Beach, Florida, the city with the highest.
- Flint, Michigan, has the lowest home price as a share of income, which is 12.7 times lower than in Santa Monica, California, the city with the highest.
- Rochester, New York, has the fewest median days on the market, which is six times fewer than in Lancaster, California, the city with the most.
