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These 6 Halloween-Ready Submarkets Keep Renters, Trick-or-Treaters Happy

When renting a single-family home for your family, it’s important to factor in a variety of market conditions in the local area. During the Halloween season, safety becomes a high priority for renters sending their children out to trick-or-treat.

In the spirit of Halloween, HomeUnion Research Services has analyzed the rental markets on its investment platform for trick-or-treaters. Each metro was ranked on median home prices, neighborhood density, neighborhood safety, proximity to the nearest cemetery and rents, just a few of the data points the company analyzes to provide both renters and investors with in-depth market insight. Median home price was the heaviest weighted factor in the study.

“For this study, we applied micro-level data used in creating our Neighborhood Investment Ranking to help kids and families find the best places for trick-or-treating in their local communities,” explains Steve Hovland, director of Research for HomeUnion. Communities with safety issues, and those with homes that are too far apart for children to trick-or-treat were eliminated from the list. To add an element of spookiness, HomeUnion Research Services calculated how close the nearest cemetery is to each neighborhood.

A neighborhood in the Chicago metro area will surely keep trick-or-treaters happy this Halloween season. With a median home price exceeding $1.2 million in Kenilworth, Ill., home values and candy should be at a premium in this top zip code.

Here are the 6 best neighborhoods for trick-or-treating, based on data from HomeUnion Research Services, Maponics and the FBI:

Metro Area

Zip Code Neighborhood Median Home Price Density of Homes Per Sq. Mile Safety Ranking – Percentile Proximity to Nearest Cemetery

Median Rent

Chicago 60043 Kenilworth, Ill. $1,218,740 1,444 98% 0.75 $3,318
Charlotte 28207 Eastover  neighborhood $981,800 1,267 100% 2.76 $2,746
Atlanta 30022 Alpharetta, Ga. $680,300 1,357 93% 0.69 $2,388
Tampa 33629 Sunset Park neighborhood $643,300 1,515 91% 1.92 $2,660
Austin 78746 West Lake Hills neighborhood $774,200 1,029 87% 1.73 $4,180
Raleigh 27560 Morrisville, N.C. $581,600 1,004 94% 3.40

$1,698

 

 

 

 

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