When home prices increase too rapidly over a short period of time, a boom can quickly turn into a bust. That said, housing markets with stable, incremental growth are generally preferable for homeowners looking for a decent return on their investment.
While it’s too early to tell how the coronavirus pandemic will affect local housing markets, some have better weathered past financial storms.
By analyzing historical data, SmartAsset’s sixth annual study set out to find the housing markets that have experienced the most stable growth for the past 25 years (1995-2019). SmartAsset specifically considered data on home price growth and volatility in 357 metro areas nationwide.
The Lexington-Fayette metro area ranks in the top 50 housing markets for growth and stability. To learn more, check out the table below.
The full report, including the methodology and key findings, can be found here: