Western New York captures 7 of 10 healthiest housing markets in NYS

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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

 

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