The highest 10 U.S. cities with the largest properties – EAST AUTO NEWS

The highest 10 U.S. cities with the largest properties

Throughout the COVID-19 pandemic, the housing market shifted in direction of folks eager to stay in bigger properties and shifting from city areas to suburban and rural neighborhoods.

American Residence Protect reviewed 506,374 listings of homes and condos on the market from Zillow to find out the outcomes of its 2022 American Residence Dimension Index, which showcased the cities in america with the largest properties.

In response to Census Bureau information, some key findings from the index confirmed that the typical new properties within the U.S. are actually greater than 1,000 sq. ft larger than in 1973.

The index additionally said that fast-growing tech hubs within the Rocky Mountains have the biggest properties, and high-density coastal cities have the most costly actual property, which is what’s driving folks to search for cheaper properties elsewhere.

No. 1 metropolis in america with the largest properties: Colorado Springs, CO

Common house dimension: 2,760 sq. ft

In response to the American Residence Protect index, employment in Colorado Springs grew 5.3% from 2017 to 2021. The brand new, high-income employees created a requirement for bigger properties.

With employment progress shifting to smaller, suburban cities and the give attention to inexpensive housing and decrease residing prices, it is sensible why the Colorado metropolis had a requirement for newer, bigger properties.

High 10 cities in america with the largest properties

  1. Colorado Springs, CO
  2. Aurora, CO
  3. Raleigh, NC
  4. Henderson, NV
  5. Fort Price, TX
  6. Nashville, TN
  7. Austin, TX
  8. Albuquerque, NM
  9. Omaha, NE
  10. Charlotte, NC

The town that ranked in second place for having the largest properties in america was Aurora, Colorado. The common house dimension within the Colorado metropolis is 2,451 sq. ft. In response to the U.S. Bureau of Labor Statistics, from 2017 to 2021, employment grew in Aurora by 5.7%, and that inflow of latest employees created a requirement for brand spanking new housing.

The North Carolina metropolis of Raleigh ranked within the third spot for the largest properties in america. In response to the index, Raleigh is one more instance of a fast-growing, well-educated space that has allowed wealth to flourish within the midsize metropolis and created a requirement for larger properties. The common house in Raleigh is available in at 2,366 sq. ft.

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The highest 10 U.S. cities with the largest properties – EAST AUTO NEWS


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