Best (and Worst) Housing Markets for Growth and Stability – 2022

[Bryan Noth]

This is SmartAsset’s eighth look at the best housing markets for growth and stability.

In this study, SmartAsset investigated the housing markets that are best for growth and stability, comparing home value data in 400 metropolitan areas across the U.S. We looked at statistics from every quarter from the first quarter of 1997 through the fourth quarter of 2021.

Key Findings

• Austin-Round Rock-Georgetown ousts Midland for the top spot. Though Midland, Texas ranked as the top housing market for growth and stability in our 2020 and 2021 versions of this study, this year it moves down to third. Specifically, the 25-year average home price growth in Austin-Round Rock-Georgetown surpasses Midland by a margin of roughly 102%.
• Texas and Colorado housing markets rank well. Five of the top 10 housing markets for growth and stability are located in Texas and two are in Colorado. Home-buying expert Liz Hutz notes that “the two main drivers of price increases are economic growth and job creation.” Cities in both Texas and Colorado rank well in our top boomtowns in America study, which looks at both of those factors.
• Michigan housing markets fall behind. Three of the five worst housing markets for growth and stability are in Michigan. They include Flint, Monroe and Detroit-Dearborn-Livonia. In all three areas, the home price index has an average annualized increase of 2.62% or less over the past 25 years.

SmartAsset's infographic here:

Worth noting, 10 of the top 20 markets were all located in Texas.  The "worst" list is also available in the article linked below. 

Article link here:

https://smartasset.com/data-st...

[Bill B.]

Did they only survey 3 or 4 states? I mean obviously most of Florida should be on that list. Las Vegas is up well over 300% so it would be ranked first or second. Unless you include Miami which is probably up 500% or more. I’m sure the residents of Hawaii would complain of their 300+% price increases as well. 

They must have added a LOT of points for stability. Which also means adding a lot of areas that had almost zero growth for 10 years and then just exploded in the last 10. You use a 25 year period specifically to smooth out volatility and infer stability.