Monday, July 22, 2019 / by Natasha McNealy
Their analysis consists of the following nine metrics in order to determine the best states for homeowners: average price per square foot, the one-year percentage change in value per square foot, median-value-to-median-income ratio, foreclosures per 10,000 homes, average effective property tax rate, median annual property taxes, average closing costs, average homeowners insurance and the burglary rate.
The statistics indicated that the state of Idaho is becoming more attractive and desirable to new residents. Price per square foot saw an increase of 12.12% from 2017 to 2018 and median property taxes were sitting only at $1,408.
Why does an analysis like this matter? Because homeownership is an important milestone and investment in your life. While you may not have thought much about relocat ...