Cabarrus County Towns Rank in SmartAsset's 4th Annual Healthiest Housing Markets Study
May 07, 2018 07:14PM
By Melanie Heisinger
Courtesy of the Town of Harrisburg, NC Facebook page.
Financial technology company SmartAsset released the rankings from its fourth annual Healthiest Housing Markets Study and Cabarrus County is represented on the list. The study measures market health by the average number of years residents spend in homes, home values, ease of sale and the costs associated with ownership.
For a look at where towns in Cabarrus County compare with the North Carolina leaders, check the table below:
According to the website, a healthy housing market is both stable and affordable. This means that, in the long run, people won't lose money as they sell or buy homes in the area. "So, in order to find the healthiest housing markets in the country," the website said. "We considered the following four factors: stability, affordability, fluidity and risk of loss."
Affordability accounted for 40% of the housing health index, while each of the other three factors accounted for 20%. When data on the above four factors was unavailable for cities, SmartAsset excluded these from their final rankings of healthiest markets.
To view the full methodology and rankings, visit this website.