Best Real Estate Markets for Homeowners in the U.S.

Last year real-estate experts predicted that 2018 should continue to be a good year for U.S. homeowners, while some caution that home values could begin to level off. 

What makes some real-estate markets healthy, and others not? Factors such as inventory, foreclosure activity, past and projected evolution of home values, negative equity and delinquency, and whether homes are currently selling faster or slower than in the past indicate the health of a market, according to Zillow's Market Health Index methodology.

This list is based on the 'real estate health' ranking from a WalletHub study. The study crunches data from 179 U.S. cities on home turnover rate, housing market health, days on market, list price vs. sale price, share of home flips, building permit activity and WalletHub's 'Fastest Growing Cities' ranking. This list includes only the city proper, not the entire metro area.

We also added the market health score from Zillow. The negative equity figures, listing price per square foot and median sales prices are also from Zillow.

(Photo: Shutterstock)

Seattle
Seattle

Seattle

  • Median sales price: $732,800
  • Price per square foot: $506
  • Market health score: 9.7 - very healthy (on a scale of 1-10) 
  • Homes with negative equity: 5.6% (The average number of homes with negative equity in the U.S. is 10.4%.)
Photo: Shutterstock

Sioux Falls, S.D.
Sioux Falls, S.D.

Sioux Falls, S.D.

  • Median sales price: N/A
  • Price per square foot: $159
  • Market health score: 6 - healthy (on a scale of 1-10)
  • Homes with negative equity: N/A

The median listing price for homes in Sioux Falls S.D. is $237,900.

Photo: Shutterstock

Nashville
Nashville

Nashville

  • Median sales price: $253,000
  • Price per square foot: $198
  • Market health score: 9.2 - very healthy
  • Homes with negative equity: 7% (The average number of homes with negative equity in the U.S. is 10.4%.)

Photo: Shutterstock

Irvine, Calif.
Irvine, Calif.

Irvine, Calif.

  • Median sales price: $843,800
  • Price per square foot: $484
  • Market health score: 8.7 - very healthy
  • Homes with negative equity: 5.9%

Above, historic row houses at the Irvine Ranch Historic Park. Photo: Steve Cukrov / Shutterstock

San Jose, Calif.
San Jose, Calif.

San Jose, Calif.

  • Median sales price: $1,045,400
  • Price per square foot: $621
  • Market health score: 9.8 - very healthy
  • Homes with negative equity: 3%

Photo: Shutterstock

Oakland, Calif.
Oakland, Calif.

Oakland, Calif.

  • Median sales price: $700,500
  • Price per square foot: $485
  • Market health score: 8.7 - very healthy
  • Homes with negative equity: 4%

Photo: cdrin / Shutterstock

Fargo, N.D.
Fargo, N.D.

Fargo, N.D.

  • Median sales price: no data
  • Price per square foot: $163
  • Market health score: 7.6 - very healthy
  • Homes with negative equity: N/A

The median listing price in Fargo is $255,000, according to Zillow.

Photo: David Harmantas / Shutterstock

Tempe, Ariz.
Tempe, Ariz.

Tempe, Ariz.

  • Median sales price: $281,100
  • Price per square foot: $176
  • Market health score: 4.9 - stable
  • Homes with negative equity: 10.8%

Photo: MARELBU/Wikipedia

San Francisco
San Francisco

San Francisco

  • Median sales price: $1,277,400
  • Price per square foot: $1,042
  • Market health score: 9.9 - very healthy
  • Homes with negative equity: 3.4%

Photo: Shutterstock

Atlanta
Atlanta

Atlanta

  • Median sales price: N/A
  • Price per square foot: $231
  • Market health score: 8 - very healthy
  • Homes with negative equity: 19.5%

The median listing price in Atlanta is $329,000, according to Zillow.

Photo: Shutterstock

Gilbert, Ariz.
Gilbert, Ariz.

Gilbert, Ariz.

  • Median sales price: $306,300
  • Price per square foot: $155
  • Market health score: 6 - healthy
  • Homes with negative equity: 10.3%

Photo: Shutterstock

Aurora, Co.
Aurora, Co.

Aurora, Co.

  • Median sales price: $317,300
  • Price per square foot: $211
  • Market health score: 9.4 - very healthy
  • Homes with negative equity: 5.5%

Photo: Mountain Mike Johans/Wikipedia

Stockton, Calif.
Stockton, Calif.

Stockton, Calif.

  • Median sales price: $278,200
  • Price per square foot: $177
  • Market health score: 7.9 - very healthy
  • Homes with negative equity: 11.6%

Photo: Shutterstock

Vancouver, Wash.
Vancouver, Wash.

Vancouver, Wash.

  • Median sales price: $307,400
  • Price per square foot: $209
  • Market health score: 9 - very healthy
  • Homes with negative equity: 4.8%

Photo: Shutterstock

Charlotte, N.C.
Charlotte, N.C.

Charlotte, N.C.

  • Median sales price: N/A
  • Price per square foot: $142
  • Market health score: 6.2 - healthy
  • Homes with negative equity: 10.3%

In Charlotte, the median listing price is $298,900.

Photo: Shutterstock

Tampa, Fla.
Tampa, Fla.

Tampa, Fla.

  • Median sales price: $230,700
  • Price per square foot: $180
  • Market health score: 8 - very healthy
  • Homes with negative equity: 11.4%
Photo: Shutterstock

Santa Rosa, Calif.
Santa Rosa, Calif.

Santa Rosa, Calif.

  • Median sales price: N/A
  • Price per square foot: $348
  • Market health score: 8.8 - very healthy
  • Homes with negative equity: 4.2%

In Santa Rosa, the median listing price is $550,000. Above, Santa Rosa's Railroad Square district. Photo: Wikipedia

Denver, Co.
Denver, Co.

Denver, Co.

  • Median sales price: $406,100
  • Price per square foot: $359
  • Market health score: 9.3 - very healthy
  • Homes with negative equity: 6%

Photo: photo.ua / Shutterstock

Fremont, Calif.
Fremont, Calif.

Fremont, Calif.

  • Median sales price: $1,013,200
  • Price per square foot: $642
  • Market health score: 9.7 - very healthy
  • Homes with negative equity: 3.2%

Photo: Shutterstock

Salem, Ore.
Salem, Ore.

Salem, Ore.

  • Median sales price: N/A
  • Price per square foot: $179
  • Market health score: 6.6 - healthy
  • Homes with negative equity: 5.9%
The median listing price in Salem, Ore. is $308,150, according to Zillow. Photo: Bob Pool / Shutterstock

Grand Rapids, Mich.
Grand Rapids, Mich.

Grand Rapids, Mich.

  • Median sales price: $156,500
  • Price per square foot: $124
  • Market health score: 8.9 - very healthy
  • Homes with negative equity: 6.6%

Photo: Shutterstock

Colorado Springs, Colo.
Colorado Springs, Colo.

Colorado Springs, Co.

  • Median sales price: $268,900
  • Price per square foot: $184
  • Market health score: 8.5 - very healthy
  • Homes with negative equity: 8.1%

Photo: Shutterstock

Grand Prairie, Texas
Grand Prairie, Texas

Grand Prairie, Texas

  • Median sales price: $216,200
  • Price per square foot: $108
  • Market health score: 9.8 - very healthy
  • Homes with negative equity: 4.6%

Photo: Gp userWikipedia

Chandler, Ariz.
Chandler, Ariz.

Chandler, Ariz.

  • Median sales price: $291,500
  • Price per square foot: $165
  • Market health score: 6.7 - healthy
  • Homes with negative equity: 9.7%

Photo: Shutterstock

Durham, N.C.
Durham, N.C.

Durham, N.C.

  • Median sales price: N/A
  • Price per square foot: $140
  • Market health score: 8.2 - very healthy
  • Homes with negative equity: 7.9%
The median listing price in Durham is $285,000, according to Zillow. Photo: EQRoy / Shutterstock

Henderson, Nev.
Henderson, Nev.

Henderson, Nev.

  • Median sales price: $297,500
  • Price per square foot: $172
  • Market health score: 5.3 - stable
  • Homes with negative equity: 13.1%

Photo: James Mattil / Shutterstock

Sacramento, Calif.
Sacramento, Calif.

Sacramento, Calif.

  • Median sales price: $298,800
  • Price per square foot: $216
  • Market health score: 7.3 - healthy
  • Homes with negative equity: 9.2%

Photo: Shutterstock

Phoenix
Phoenix

Phoenix

  • Median sales price: $240,500
  • Price per square foot: $162
  • Market health score: 7.1 - healthy
  • Homes with negative equity: 11.3%

Photo: Shutterstock

Modesto, Calif.
Modesto, Calif.

Modesto, Calif.

  • Median sales price: N/A
  • Price per square foot: $194
  • Market health score: 8.6 - very healthy
  • Homes with negative equity: 9.4%

Photo: Wikipedia

Dallas
Dallas

Dallas

  • Median sales price: $295,400
  • Price per square foot: $206
  • Market health score: N/A
  • Homes with negative equity: 5.7%

Photo: Shutterstock

San Diego, Calif.
San Diego, Calif.

San Diego, Calif.

  • Median sales price: $573,000
  • Price per square foot: $466
  • Market health score: 8.8 - very healthy
  • Homes with negative equity: 6.4%

Photo: Shutterstock

Madison, Wis.
Madison, Wis.

Madison, Wis.

  • Median sales price: $238,900
  • Price per square foot: $176
  • Market health score: 9.3 - very healthy
  • Homes with negative equity: 6%

Photo: Shutterstock

Charleston, S.C.
Charleston, S.C.

Charleston, S.C.

  • Median sales price: $301,600
  • Price per square foot: $196
  • Market health score: 8.8 - very healthy
  • Homes with negative equity: 8%

Photo: Shutterstock

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