The new year is fast approaching. The best way to plan for the future is to learn from the past. Pew Charitable Trust’s state of the city is a great place to analyze trends and find neighborhoods ripe for commercial investment.
Some interesting facts:
- The three area codes with the largest spikes in property value are near major universities.
- The areas with the most significant changes in price have recently gentrified or are currently gentrifying.
- The highest spike in median sale price was 94%.
- The median sale prices for homes in the city as a whole rose by 38% over the course of six years.