With home values up around 1.0% in the past year and mortgage rates having continued to increase, the personal-finance website WalletHub this week released its report on 2023’s Best Real-Estate Markets.
Gilbert is ranking among the best real estate markets in the country.
To determine the most attractive real-estate markets in the U.S., WalletHub compared 300 cities across 17 key metrics. The data set ranges from median home-price appreciation to job growth.
| Best Real-Estate Markets | Worst Real-Estate Markets |
| 1. McKinney, TX | 291. St. Louis, MO |
| 2. Frisco, TX | 292. Philadelphia, PA |
| 3. Nashville, TN | 293. Hartford, CT |
| 4. Denton, TX | 294. Cleveland, OH |
| 5. Cary, NC | 295. Peoria, IL |
| 6. Allen, TX | 296. Portsmouth, VA |
| 7. Durham, NC | 297. Baton Rouge, LA |
| 8. Austin, TX | 298. Shreveport, LA |
| 9. Port St. Lucie, FL | 299. New Orleans, LA |
| 10. Gilbert, AZ | 300. Baltimore, MD |
Best vs. Worst
- Miami, Hialeah, Miami Gardens and Miami Beach, Florida, have the lowest share of seriously underwater mortgages, 0.71 percent, which is 20.6 times lower than in St. Louis, the city with the highest at 14.63 percent.
- South Gate, California, has the lowest vacancy rate, 2.02 percent, which is 17.4 times lower than in Miami Beach, Florida, the city with the highest at 35.24 percent.
- Flint, Michigan, has the lowest home price as a share of income, 108.16 percent, which is 13.7 times lower than in Santa Monica, California, the city with the highest at 1,486.77 percent.
- Warren, Michigan, has the fewest median days on the market, 28, which are 5.2 fewer than in Yonkers, New York, the city with the most at 146.