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Updated over 4 years ago,
Web map to identify Hot zips for investment...
Hello fellow investors,
Sharing a Web map (MapLink) I have created to show the investment suitability by Zipcode based on a few metrics below.
To use this map, select the metrics (one or more) you prefer in the ‘Layers and Legend’ button on the right and the map will reflect the zips with graduated colors. The zips in the darker shade are favorable for selected criteria.
States currently included are Arizona, California, Idaho, Montana Nevada, Oregon, Utah, and Washington
Data used: (From Census.gov and Realtor.com)
Metrics:
Realtor Hotness Score: The Hotness score is an equally-weighted composite metric of a geography's supply score and demand score.
Median days on market: The median number of days property listings spend on the market within the specified geography during the specified month. Time spent on the market is defined as the time between the initial listing of a property and either its closing date or the date it is taken off the market.
Median list price: The median listing price within the specified geography during the specified month.
Y/Y Price change: The percentage change in the median listing price from the same month in the previous year.
Median Listing Price (vs US): The median listing price within the specified geography divided by the median listing price for the US overall during the same month.
Further improvements planned to add rental based criteria (i.e. price to rent).
Please review and respond if you find it useful or if you have any feedback.
Disclaimer: The above map is a proof of concept using publicly available data and is for reference only.
Thank you…