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The study used Zillows Market Heat Index to find markets that favor buyers.
The index relies on a combination of engagement and listing performance inputs to provide insights into current market dynamics.
It is calculated for single-family and condo homes.
The lower the number, the better the market is for buyers.
To qualify for this study, each location had to have all data points available.
Cost-of-living indexes were sourced from Sperlings BestPlaces.
Using the average mortgage and expenditure costs, the total cost of living was calculated.
The Zillow Home Value Forecast was sourced for each location, measuring the estimated one-year change in home values.
All data was collected on and is up to date as of Oct. 9, 2024.
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