There’s an old saying that the three most important things in real estate are location, location, location. And although that adage has become a well-worn cliche, there’s a reason for that saying: It’s usually pretty on point. Where you buy matters almost as much as what you buy when it comes to shopping for a house, with factors ranging from the cost of living in your area to the quality of local schools ultimately playing a huge role in how satisfied you end up being with the decision.
A new GOBankingRates study is drilling deeper into this, identifying the best place to buy a home in every state based on the quality of the area and what sort of value you can expect based on the local housing market. The study used Zillow’s Buyer-Seller Index — a score that uses a number of factors to determine whether the current market favors people looking for housing or looking to sell relative to other towns in the same metro area — to determine the three strongest buyer’s markets in the state. Then, using AreaVibes’ Livability Score to see which cities offer the most in terms of amenities, employment and education and the Zillow Home Value Forecast to see what sort of return you can expect on your money, the best place for homebuyers was identified.
Click through to see the best market for homebuyers in your state.