A report came out from a company called WalletHub which compared 300 cities of varying sizes across 26 key indicators of market attractiveness, affordability and quality of life. Their data set ranges from cost of living to real-estate taxes to property-crime rate.
For overall ranking, Henderson was ranked number 1, Las Vegas number 7 and even North Las Vegas was in the top ten at number 8.
For city size, Las Vegas was ranked number 2 for large cities and Henderson number one for midsize cities.
To determine the most favorable housing markets for first-time home buyers, WalletHub compared a sample of 300 U.S. cities (varying in size) across three key dimensions: 1) Affordability, 2) Real-Estate Market and 3) Quality of Life.
They evaluated those dimensions using 26 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for first-time home buyers. Data for metrics marked with an asterisk (*) were available at the state level only.
Finally, they determined each city’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order their sample. Their sample considers only the city proper in each case and excludes cities in the surrounding metro area. Each city was categorized according to the following population-size guidelines:
- Large cities: More than 300,000 people
- Midsize cities: 150,000 to 300,000 people
- Small cities: Fewer than 150,000 people
So even with Covid we are still a great place to move to. Let me know if I can help you get your dream home in Henderson or Las Vegas