The Best Place To Buy A House in 2021 Is In A Rochester Suburb
Not that I've had to do it, but buying a house is stressful. You have to deal with loads of paperwork, tour numerous areas, and convince your bank to give you a loan. Luckily, this Niche study discovered the best places to buy a house in Minnesota, so you don't have to!
Niche conducted a comprehensive assessment of housing and the community of areas throughout the state. They based their findings on the following key factors:
- Home Value to Income Ratio
- Quality of Public Schools
- Monthly Housing Cost
- Cost of Living
- Higher Education Rate
- Median Home Value
- Percent Change Median Home Value
- Crime and Safety
- Home Buying Age Newcomers
- Home Ownership
- Median Effective Property Tax
- Monthly Housing Cost to Income Ratio
- Residents 25-44 Years Old
Below you can find explanations of each category, sources used to compile data, and the weighted percent each factor held.
Now, let's take a peak at the results.
Byron, Minnesota is the 3rd best place in Minnesota to buy a house.
"Living in Byron offers residents a sparse suburban feel and most residents own their homes. In Byron there are a lot of parks. Many families and young professionals live in Byron and residents tend to lean conservative. The public schools in Byron are highly rated."
Here's Byron's comprehensive report card completed by the team at Niche.
Coming in second is the neighborhood of Kenny in Minneapolis.
"Living in Kenny offers residents a sparse urban feel and most residents own their homes. In Kenny there are a lot of restaurants, coffee shops, and parks. Many families live in Kenny and residents tend to be liberal. The public schools in Kenny are above average."
Here's Kenny's final grade.
The very best place in Minnesota to buy a house is in Cascade Township, a Rochester suburb.
"Living in Cascade Township offers residents a suburban rural mix feel and most residents own their homes. In Cascade Township there are a lot of parks. Residents of Cascade Township tend to be conservative. The public schools in Cascade Township are highly rated."
Cascade Township's report card:
As always, we want to hear your thoughts! Would you agree with this assessment? Let us know in the comments below.