In the News – Texas Has The Most Rising Housing Markets
This is the golden age of housing for Midland, Texas. Home values rose 23 percent from 2011 to 2015, and with the city’s population outpacing home construction, demand may push home values up even further.
Midland placed first in SmartAsset’s ranking of rising housing markets where home values are expected to increase. In fact, five of the top 10 markets on the list are in Texas, with Odessa, Austin, McAllen, and Frisco. Denton, Waco, and Irving also made the top 25.
The list was based on population change, housing unit change, median income change, and median home value change.
Other rising cities include major metros like Denver, Washington D.C., New Orleans, and smaller markets such as Columbia, Mo., and Billings, Mont.
It may be better to rent in Michigan: Three of the 10 housing markets at the bottom of our list are in Michigan. They are Detroit, Lansing and Warren. It may make sense to rent here with home values falling.
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