LOS ANGELES, Sept. 19, 2017 /PRNewswire/ — Seattle, Denver and 12 other cities are home to the top 20 most up-and-coming neighborhoods to buy a house in 2017.

GOBankingRates identified the top 20 hottest neighborhoods to buy into in 2017

A new study by personal finance website GOBankingRates revealed that the top 20 hottest neighborhoods are located on the outskirts of mid-sized cities and are situated near interstate routes, providing easy access to city centers.

GOBankingRates analyzed more than 1,700 neighborhoods throughout the U.S. to determine which locations provide the best opportunity to buy before they become too expensive. Neighborhoods were determined based on trends in home prices, the available supply of homes and how long homes remain on the market.

For full study results and more details on methodology, visit: Buy While You Can: 20 Hottest Neighborhoods in the US.

Top 5 Hottest Neighborhoods in the U.S.

1. Jungle Terrace: St. Petersburg, Fla.

    • Median list price July 2016: $165,999.50
    • Median list price July 2017: $239,900
    • Year-over-year change: 44.52 percent
    • Median days on market: 10

2. Beacon Hill: Seattle

    •   Median list price July 2016: $434,500
    •   Median list price July 2017: $569,995
    •   Year-over-year change: 31.18 percent
    •   Median days on market: 8

3. Point Breeze: Philadelphia

    •   Median list price July 2016: $210,000
    •   Median list price July 2017: $295,000
    •   Year-over-year change: 40.48 percent
    •   Median days on market: 31

4. Heather Gardens: Denver

    •   Median list price July 2016: $218,950
    •   Median list price July 2017: $278,750
    •   Year-over-year change: 27.31 percent
    •   Median days on market: 10

5. Pinehurst: Seattle

    •   Median list price July 2016: $280,500
    •   Median list price July 2017: $350,000
    •   Year-over-year change: 24.78 percent
    •   Median days on market: 7

Additional Insights

  •   Neighborhoods located near major universities including Hyde Park (University of Chicago) and Sherwood Forest (Louisiana State University) typically boost appeal due to a reputation for encouraging economic and community growth.
  •   Multiple neighborhoods including East Atlanta (Ga.) and River Oaks (Tenn.) offer home buyers a balance in terms of cost of living and low crime rates.
  •   Texas cities have become the epicenter of economic growth and job opportunities. Neighborhoods such as Highland Hills and Dawson offer easy commutes and lower home prices.

About GOBankingRates

GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs. Start your journey toward a rich mind and full wallet with us here.

Contact:

Natalie Richter, Media Relations
GOBankingRates.com
[email protected]
310-297-9233 x137

 

GOBankingRates.com is a leading portal for personal finance news and features, offering visitors the latest information on everything from interest rates to strategies on saving money and getting out of debt. Its editors are regularly featured on top-tier media outlets, including U.S. News & World Report, MSN Money, Daily Finance, Huffington Post, Business Insider and many more. It also specializes in connecting consumers with the best banks, credit unions and interest rates nationwide. (PRNewsFoto/GoBankingRates.com)

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SOURCE GOBankingRates