Seven of the 10 “healthiest housing markets” in New York are in Western New York, almost all in Erie County, according to a new ranking by a personal finance website.
The sixth-annual study by SmartAsset looked at several factors, including stability of residents, ease of selling a home and how much income it takes to buy a house before concluding that Cheektowaga, West Seneca, Buffalo, Tonawanda and North Tonawanda are the top five markets in the entire state.
Cheektowaga came in on top, with a healthiest markets index of 97.43, followed by the other four. East Aurora and Jamestown were the 9th- and 10th-healthiest.
Three Central New York communities of Syracuse, Auburn and Solvay came in 6th, 7th and 8th, respectively.
The study factored in the average years residents live in a home, the average number of homes with negative equity, the number of homes that are decreasing in value, the number of days a house sits on the market for sale, and home costs as a percentage of income.
Posted by The Buffalo News
