Back to 2016 Best Suburbs to Buy a House Ranking

2016 Best Suburbs to Buy a House Ranking Methodology

The 2016 Best Suburbs to Buy a House ranking provides a comprehensive assessment of the housing and community of an area at the suburb level. This grade takes into account key factors of a location's housing market, including home values, taxes, crime rates, and quality of local schools, in an attempt to measure the quality and stability of an area’s housing market.

Factors Considered

FactorDescriptionSourceWeight
Home Value to Income RatioThe ratio of the median home value to the median family income.U.S. Census15.0%
Median Home ValueThe median home value for the area.U.S. Census12.5%
Monthly Housing CostThe median monthly housing costs for homeowners.U.S. Census12.5%
Public Schools GradeAverage Niche grade for every public school serving the area, weighted by the number of students.Niche12.5%
Percent Change Median Home ValueThe percent change in median home value.U.S. Census7.5%
Crime & Safety GradeNiche's Crime & Safety Grade, which incorporates statistics that capture a location's general safety.Niche5.0%
Higher Education RatePercentage of residents who have received a bachelor's degree or higher.U.S. Census5.0%
Home Buying Age NewcomersThe percent of residents between the ages of 25 and 44 who moved into the area within the last year.U.S. Census5.0%
Home Value to Rent RatioThe ratio of the median home value to the median price of rent per month.U.S. Census5.0%
Median Effective Property TaxThe percent of the median property taxes paid on homes over the median home value.U.S. Census5.0%
Monthly Housing Cost to Income RatioThe ratio of the median monthly housing cost for homeowners to the median monthly household income.U.S. Census5.0%
Percent OwnThe percent of people who own the property they live in, compared to renters.U.S. Census5.0%
Residents Age 25–44Percentage of residents between the ages of 25 and 44.U.S. Census5.0%

At the time of analysis, our database contained records for 8,729 suburbs. Of the suburbs that met the required qualifications, we were able to grade 8,721 and rank 6,961.

For more details about how we compute our rankings, click here.

Back to 2016 Best Suburbs to Buy a House Ranking