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If you have a home where other people want to live, it’s money in the bank.
Key points
- A combination of low cost of living and a low crime rate lure home buyers.
- Some of the best places to sell a home are in relatively small towns.
Not so long ago, the easiest place to sell a home was in or around a large city. That’s because our jobs tended to be centered around large cities. Now that millions of us work from home, we’re less interested in commute time and more interested in quality of life. For a lot of people, quality of life includes spending less on a home, escaping traffic, and a deeply-rooted sense of community.
This year’s “Best Places to Sell a Home” includes a few smaller, less dense areas of the country. We looked for places with a relatively low cost of living to attract new buyers. We wanted to find cities with a low crime rate, and we looked for places where home equity was on the rise, even before the pandemic.
In no particular order, here are 10 places that make selling a home a breeze:
1. Milton, Wisconsin
Cost of living: 90.5, lower than the national average of 100.
Median home price: $155,600
Home appreciation over the last 10 years: 49%
Crime rate: Violent crime is rated at 6.5 and property crime at 10.6 (out of 100). Both are far below the national crime rate. To put this rate into perspective, the national average for violent crime is 22.7 and for property crime is 35.4.
Home of Milton College from 1844-1982, Milton has a rich history steeped in tradition. Built at the intersection of two trade routes in southernmost Wisconsin, Milton was settled in 1838 by Joseph Goodrich, a noted abolitionist. The city remains proud of the part it played in the Underground Railroad.
2. New Hanover, New Jersey
Cost of living: 97.8, below the national average.
Median home price: $291,000
Home appreciation over the last 10 years: 18.9%
Crime rate: Violent crime is rated at 7.5 and property crime at 7.1, much lower than the national rate.
New Hanover Township, located in the Delaware Valley, is a quiet, peaceful area, …….
Source: https://www.fool.com/the-ascent/personal-finance/articles/the-10-best-places-to-sell-a-home-in-2022/