A recent report from SmartAsset ranked all 50 states on how well-suited they are for homeowners. SmartAsset analysts compared data from each state and based its ranking on 10 measurements: |
- The median price per square foot,
- Home value appreciation,
- The ratio of home value to income,
- Foreclosures per 10,000 homes,
- Average annual homeowners insurance,
- Burglary rate,
- Median annual property taxes,
- Effective property tax rate,
- Average closing costs, and
- Average closing costs as a percentage of median home value.
Based on its analysis of these measurements, SmartAsset's ranking reflects half of the states in the top 10 are located in the West, two in the Midwest, and three in the Northeast. The worst states for homeowners, however, were more spread out. Only one Northeast state ranked among the worst states. In the slideshow above, discover the 10 worst states for homeowners in 2020, as ranked by SmartAsset. Related: |
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
