-19. Plano, Texas
- Percent of homes sold for gain: 99.2
- Percent of homes with increasing value: 98.25
- Homes available for sale: 398
- Population: 283,558
- For sale inventory as percentage of population: 0.14
- Market health index: 9.433
The absolute hottest housing market this summer is in Plano, situated 20 miles northeast of Dallas and part of the Dallas-Fort Worth metropolitan area. Plano’s affluent hub of many corporate headquarters, including Frito-Lay, FedEx Office and Dr Pepper Snapple Group, distinguishes it from its big city neighbor and also provides for a booming economy and housing market.
The average home listing price is $523,873. The BLS reported that job growth in April 2017 was 3.2 percent, and unemployment stood at 3.8 percent.
Named for the flat plains that make up the area, Plano has vast green spaces, park and recreation facilities, and numerous amenities for outdoor activities, including biking and running trails. The relatively low-crime area is ideal for raising a family, as 86 percent of residents are homeowners and the median household income is $85,929.
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Methodology: Cities were ranked according to four factors: 1) Percentage of homes sold for gain as of April 2017, sourced from Zillow; 2) Percentage of homes with increasing values as of April 2017, sourced from Zillow; 3) For sale inventory as a percentage of the city population as of April 2017, sourced from Zillow and Sperling's Best Places; and 4) Zillow's Market Health Index. These four factors contributed to a final score that determined each city’s ranking.