The Top 5 neighborhood housing markets are in Florida, Alabama, California, North Carolina and Colorado, according to a ranking by ATTOM Data Solutions.
ATTOM ranked more than 10,000 neighborhood housing markets based on affordability, home price appreciation, school scores, crime rates, unemployment rates and property taxes.
Its report ranked the Pine Ridge neighborhood in the Naples, Fla., as the best neighborhood for buying and investing in real estate. Pine Ridge had a median home price of $632,871 during the first half of 2018.
“While home prices are typically higher in higher-ranked neighborhoods with better schools and lower crime, there are still many top-notch neighborhoods with more reasonably priced homes,” ATTOM Senior Vice President Daren Blomquist said in a release. “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.”
The second-best neighborhood housing market was the Westlake neighborhood in the Mobile, Ala. It had a median home price of $196,179 during the first half of the year.
No. 3 on ATTOM’s list was the Union neighborhood in San Jose, Calif. It had a median home price of $795,000. Fourth on the list was the Westmoreland neighborhood in the Charlotte, N.C., which had a median home price of $326,000; followed by the Hunters Hill neighborhood in Denver, with a median home price of $271,000.