If you want to buy a home that’s likely to grow in value, Colorado might be the place for you, a new study has found.
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In order to calculate its findings, SmartAsset looked at data for 358 metro areas in the U.S. based on two metrics.
The study analyzed overall home price growth from the first quarter of 1994 up to the fourth quarter of 2018 as well as stability, or the “probability that homeowners experienced a significant price decline” within 10 years of buying a home.
SmartAsset found that the states with the housing markets that are best for growth and stability were Colorado and Texas, which both had three metro areas in the top 10.
California was close behind with two metro areas In the top 10 -- which both tied for sixth place. The other two states that had metro areas on the Top 10 list were North Dakota and Wyoming.
Here are the 10 best housing markets for growth and stability, according to SmartAsset.
Austin-Round Rock-Georgetown, Texas
Fort Collins, Colo.
San Francisco-San Mateo-Redwood City, Calif.
San Jose-Sunnyvale-Santa Clara, Calif.
Houston-The Woodland-Sugar Land, Texas