Lifestyle

America's Best- and Worst-Performing Housing Markets

By on October 25, 2011
No. 18 Best Housing Market: Somerville, Mass.

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No. 18 Best Housing Market: Somerville, Mass.

Percent change: +8.7
MSA: Boston
Population: 75,754

Just north of Boston, Somerville is a diverse mix of blue-collar families, young professionals, college students, and new immigrants, according to the city's website. Somerville has been gentrifying over the past few years and has a large population aged 20 to 44. Median household income in the city was $54,491 in 2010, according to the 2010 Census. Real estate site centersandsquares.com says that home sales in the city increased steadily from 2008 to 2010, and the median sale price rebounded in 2010. The 5.2 percent unemployment rate in August was below the 5.6 percent rate in February 2009. The median home value in the city was $357,400 in August, according to the Zillow Home Value Index, and the median sale price was $380,300 as of Sept. 30.

Photographer: Stan Honda/Getty
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