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 |
