Local real estate markets 2007 – Which markets are still hot?: H-M
Okay… okay… now you can stop pounding down my door about getting this second batch of local real estate market statistics out.
As you can see, there are many nice looking markets around the U.S. to invest in. In particular, the Biloxi Mississippi area is still hot and the “Go Zone” incentives still apply.
As always, these statistics are provided by our friends over at John Burns Real Estate Consulting .
Enjoy!
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| Permits Statistics | Employment Statistics | Affordability | ||||||||
| 12- | 12- | Total | NF Payroll Employment | |||||||
| State Metro Area |
Month S. Fam. Permits |
Month Total Permits |
Permits / Peak Permits | 1-Yr Growth | 1-Yr Growth Rate | Unemp Rate | Median Home Price | Housing Costs / Income | Housing Cycle Barometer | |
| 1,661 | 2,893 | 58.4% | 9,700 | 2.1% | 2.2% | $627,851 | 76% | 5.6 | ||
|
|
5,280 | 6,455 | 55.9% | 11,300 | 4.2% | 1.7% | $210,055 | 36% | 5.9 | |
| 1,070 | 1,527 | 56.8% | 1,600 | 2.9% | 1.9% | $202,941 | 39% | 5.8 | ||
| 1,318 | 1,445 | 75.0% | 1,100 | 2.2% | 1.3% | $124,402 | 20% | 3.6 | ||
| 149 | 173 | 42.6% | 600 | 2.2% | 2.6% | $150,046 | 31% | 5.4 | ||
| 584 | 648 | 92.4% | 700 | 1.8% | 1.8% | $113,458 | 22% | 4.3 | ||
| 556 | 747 | 44.0% | 200 | 0.2% | 3.3% | $155,249 | 28% | 3.4 | ||
| Champaign-Urbana | 820 | 2,210 | 100.0% | 500 | 0.4% | 3.5% | $152,370 | 34% | 6.0 | |
| 18,116 | 34,506 | 73.3% | 40,300 | 1.0% | 4.7% | $250,000 | 40% | 6.1 | ||
| 40 | 40 | 20.7% | 100 | 0.3% | 5.5% | $64,483 | 15% | 2.7 | ||
| 327 | 413 | 69.4% | 500 | 0.9% | 5.1% | $83,337 | 18% | 1.7 | ||
| Kankakee-Bradley | 504 | 544 | 65.8% | 500 | 1.1% | 5.5% | $134,208 | 27% | 8.0 | |
| Lake-Kenosha | 2,661 | 2,960 | 45.8% | 1,800 | 0.5% | 4.3% | $273,069 | 37% | 6.1 | |
| 1,168 | 1,485 | 76.7% | 1,900 | 1.0% | 3.8% | $118,107 | 22% | 5.4 | ||
| 1,647 | 1,805 | 68.8% | 1,900 | 1.2% | 5.1% | $117,489 | 23% | 6.6 | ||
| 506 | 731 | 47.2% | 0 | 0.0% | 4.0% | $107,543 | 22% | 3.5 | ||
| 308 | 310 | 40.1% | (1,600) | (3.7%) | 6.3% | $87,399 | 18% | 2.3 | ||
| 661 | 757 | 62.0% | 500 | 0.6% | 4.0% | $129,194 | 30% | 5.1 | ||
| 263 | 263 | 43.0% | 1,300 | 3.0% | 3.3% | $121,085 | 24% | 4.7 | ||
| Elkhart-Goshen | 789 | 823 | 49.7% | (3,400) | (2.5%) | 4.0% | $114,110 | 22% | 4.2 | |
| 1,053 | 1,499 | 68.9% | 1,700 | 0.9% | 4.6% | $98,139 | 20% | 4.0 | ||
| 1,292 | 1,311 | 35.5% | 2,400 | 1.1% | 4.4% | $98,352 | 20% | 3.8 | ||
| 2,744 | 3,425 | 74.0% | 2,100 | 0.7% | 4.4% | $133,112 | 26% | 5.6 | ||
| 7,984 | 9,362 | 54.5% | 10,800 | 1.2% | 3.7% | $120,032 | 21% | 1.3 | ||
| 149 | 175 | 23.6% | 100 | 0.2% | 5.0% | $93,927 | 19% | 4.3 | ||
| 679 | 843 | 46.1% | 1,400 | 1.5% | 3.7% | $115,839 | 25% | 2.5 | ||
| 340 | 347 | 58.3% | 200 | 0.4% | 4.7% | $116,253 | 24% | 5.6 | ||
| 124 | 168 | 29.4% | (600) | (1.1%) | 5.1% | $80,969 | 20% | 1.7 | ||
| 730 | 1,455 | 73.2% | 1,600 | 1.1% | 4.6% | $93,638 | 19% | 2.0 | ||
| 282 | 441 | 64.3% | 1,200 | 1.6% | 5.3% | $82,748 | 19% | 2.9 | ||
| 262 | 397 | 42.0% | 100 | 0.2% | 2.5% | $135,702 | 25% | 0.6 | ||
| 913 | 1,189 | 57.8% | 1,900 | 1.4% | 3.2% | $132,915 | 23% | 4.2 | ||
| 744 | 986 | 64.8% | (200) | (0.1%) | 3.6% | $114,222 | 21% | 5.1 | ||
| 3,459 | 4,851 | 77.0% | 4,900 | 1.6% | 3.0% | $148,928 | 25% | 5.0 | ||
| 340 | 372 | 42.7% | 2,100 | 3.7% | 3.2% | $118,955 | 23% | 3.9 | ||
| 723 | 941 | 55.5% | 3,100 | 3.5% | 2.4% | $155,456 | 29% | 2.0 | ||
| 250 | 295 | 25.0% | 500 | 0.7% | 3.6% | $87,352 | 17% | 0.7 | ||
| 439 | 548 | 65.2% | 400 | 0.4% | 3.2% | $107,959 | 20% | 5.4 | ||
| 383 | 437 | 23.1% | 1,800 | 3.5% | 3.6% | $157,965 | 31% | 5.1 | ||
| 735 | 975 | 70.8% | 2,800 | 2.6% | 4.5% | $111,235 | 20% | 5.0 | ||
| 2,607 | 3,245 | 71.0% | 13,400 | 4.6% | 4.2% | $113,552 | 20% | 3.6 | ||
| 713 | 863 | 62.3% | 1,300 | 2.2% | 4.6% | $115,876 | 26% | 1.9 | ||
| 780 | 1,097 | 82.8% | 0 | 0.0% | 5.0% | $117,557 | 23% | 3.0 | ||
| 2,728 | 3,142 | 61.4% | 4,900 | 1.9% | 4.1% | $145,895 | 29% | 5.0 | ||
| 5,013 | 6,250 | 69.9% | 6,500 | 1.0% | 4.8% | $137,648 | 27% | 5.2 | ||
| 292 | 322 | 29.4% | 400 | 0.8% | 5.0% | $86,195 | 19% | 1.0 | ||
| 765 | 765 | 80.4% | 1,300 | 2.0% | 4.2% | $94,867 | 25% | 4.4 | ||
| 6,192 | 8,340 | 92.0% | 6,500 | 1.8% | 4.2% | $175,656 | 38% | 6.1 | ||
| 681 | 765 | 60.5% | 4,600 | 5.1% | 3.3% | $111,550 | 24% | 5.1 | ||
| 1,860 | 2,344 | 45.8% | 3,100 | 2.1% | 3.3% | $132,045 | 29% | 5.1 | ||
| 650 | 860 | 57.2% | 2,200 | 2.4% | 4.2% | $108,506 | 25% | 5.0 | ||
| 769 | 980 | 81.3% | 1,200 | 1.5% | 5.1% | $96,173 | 24% | 3.0 | ||
| 4,845 | 6,319 | 47.5% | 24,000 | 5.0% | 4.8% | $156,519 | 35% | 5.2 | ||
| 1,532 | 1,565 | 51.0% | 1,600 | 0.9% | 4.9% | $132,907 | 30% | 5.2 | ||
| 500 | 588 | 59.0% | (300) | (0.4%) | 4.4% | $125,446 | 26% | 3.6 | ||
| Lewiston-Auburn | 280 | 292 | 34.1% | 1,000 | 2.1% | 4.3% | $141,585 | 29% | 3.9 | |
| 2,491 | 2,878 | 50.1% | 800 | 0.4% | 3.2% | $238,938 | 41% | 5.0 | ||
| 5,191 | 7,069 | 36.2% | 6,500 | 0.5% | 3.6% | $292,960 | 43% | 10.0 | ||
| 2,428 | 4,880 | 39.9% | 7,500 | 1.3% | 2.7% | $455,000 | 48% | 8.5 | ||
| 224 | 224 | 55.0% | 600 | 1.5% | 4.7% | $106,923 | 25% | 5.1 | ||
| 1,997 | 2,291 | 55.4% | 1,600 | 1.6% | 4.2% | $211,235 | 38% | 7.0 | ||
| 372 | 762 | 50.4% | 600 | 1.1% | 3.9% | $167,193 | 34% | 5.7 | ||
|
|
712 | 860 | 17.4% | 0 | 0.0% | 4.9% | $374,209 | 56% | 4.2 | |
| 1,748 | 5,448 | 51.5% | 29,600 | 1.8% | 4.4% | $411,889 | 51% | 6.9 | ||
| 1,658 | 3,993 | 53.3% | 30,600 | 1.2% | 4.6% | $429,297 | 46% | 5.0 | ||
| 302 | 302 | 32.7% | 200 | 0.5% | 4.7% | $213,767 | 36% | 3.8 | ||
| 527 | 642 | 22.1% | (100) | 0.0% | 4.5% | $204,064 | 32% | 4.9 | ||
| 161 | 205 | 32.9% | (700) | (1.1%) | 6.5% | $97,426 | 22% | 5.5 | ||
| 204 | 204 | 45.2% | (600) | (1.5%) | 6.5% | $99,418 | 22% | 5.5 | ||
| 1,561 | 1,669 | 26.4% | (10,900) | (1.3%) | 7.8% | $105,870 | 22% | 2.3 | ||
| 692 | 852 | 24.7% | (3,500) | (2.3%) | 7.8% | $106,068 | 23% | 5.2 | ||
| 1,959 | 2,418 | 48.0% | 1,800 | 0.5% | 5.6% | $130,752 | 24% | 4.5 | ||
| 1,078 | 1,222 | 44.5% | (900) | (0.8%) | 5.1% | $154,702 | 26% | 5.2 | ||
| 433 | 518 | 51.4% | (1,200) | (2.0%) | 7.2% | $115,147 | 23% | 5.8 | ||
| 874 | 1,237 | 50.2% | 300 | 0.2% | 5.3% | $125,124 | 25% | 4.3 | ||
| 747 | 1,004 | 31.8% | 500 | 0.2% | 5.4% | $132,879 | 25% | 5.2 | ||
| 426 | 545 | 45.3% | (100) | (0.2%) | 5.6% | $153,696 | 28% | 6.0 | ||
| 400 | 457 | 46.1% | (900) | (1.3%) | 6.9% | $99,867 | 22% | 5.0 | ||
| 335 | 388 | 47.5% | (600) | (0.9%) | 6.4% | $125,616 | 27% | 7.6 | ||
| 169 | 188 | 19.3% | (300) | (0.3%) | 6.7% | $115,977 | 27% | 7.0 | ||
| 4,407 | 5,111 | 25.8% | (20,400) | (1.7%) | 6.2% | $179,232 | 27% | 3.1 | ||
| 863 | 1,068 | 62.3% | 1,700 | 1.3% | 5.1% | $119,416 | 25% | 8.7 | ||
| 10,035 | 13,646 | 48.5% | 28,400 | 1.6% | 4.0% | $241,000 | 34% | 6.5 | ||
| 708 | 825 | 40.9% | 2,100 | 2.0% | 3.7% | $140,690 | 21% | 4.1 | ||
| 924 | 1,119 | 55.5% | 2,200 | 2.2% | 4.2% | $146,911 | 27% | 5.4 | ||
| Gulfport-Biloxi | 3,309 | 4,711 | 100.0% | 10,000 | 10.2% | 5.6% | $157,840 | 41% | 7.8 | |
| 319 | 1,049 | 100.0% | 500 | 0.8% | 4.4% | $103,070 | 30% | 5.2 | ||
| 3,398 | 3,669 | 81.4% | 4,000 | 1.5% | 4.7% | $145,045 | 35% | 5.8 | ||
| 1,057 | 1,261 | 81.8% | (1,000) | (1.8%) | 5.7% | $117,473 | 28% | 7.3 | ||
| 743 | 1,038 | 36.0% | 1,500 | 1.6% | 3.1% | $133,719 | 29% | 4.9 | ||
| 335 | 394 | 34.3% | 700 | 0.9% | 3.6% | $110,418 | 22% | 4.5 | ||
| 381 | 484 | 65.2% | 500 | 0.6% | 4.0% | $86,169 | 23% | 5.0 | ||
| 7,329 | 10,851 | 58.9% | 12,300 | 1.2% | 4.6% | $150,353 | 26% | 5.0 | ||
| 2,625 | 4,416 | 86.3% | 4,300 | 2.2% | 3.5% | $124,285 | 30% | 5.1 | ||
| 158 | 203 | 47.4% | 2,800 | 5.0% | 3.8% | $92,620 | 21% | 5.1 | ||
| 9,147 | 11,442 | 62.4% | 18,200 | 1.3% | 4.5% | $172,125 | 32% | 6.2 | ||
| 681 | 722 | 49.3% | 1,700 | 2.2% | 1.5% | $138,931 | 27% | 3.9 | ||
| 328 | 387 | 100.0% | 800 | 2.3% | 1.7% | $117,493 | 25% | 3.1 | ||
| 501 | 666 | 59.1% | 1,800 | 3.1% | 1.6% | $206,164 | 39% |
5.1
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Hope you enjoyed the second batch of local real estate market statistics. Within the next 7 days we’ll put up the rest of the markets that are still looking decent.
Brought to you by:
Hey, my name is Trevor and I'm the founder of The REI Brain and a real estate investor since the age of 21. Right now, my focus in real estate investing is multi-family income properties and I have plans on moving more into the commercial real estate investment world in 2008 and beyond. 
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