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Posted on: September 14, 2020

City earns national ranking

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For any prospective homebuyer, two things are key to consider: affordability and return on investment.

Buyers seek a home in a city where monthly housing costs, including mortgage payments, are manageable. They also want to find a community that is growing and desirable so when it’s time to sell their home they will profit off their initial investment.

“Unfortunately, finding a city or town that meets both requirements can be tough since many of the trendiest places already have high home prices that reflect their desirability,” said Mike Brown, Director of Communications for LendEDU, the online service designed to help consumers and business owners make educated decisions when it comes to financial products and strategies.

While compiling a list of the 1,000 U.S. towns and cities that best meet those criteria, LendEDU found that the City of Greer ranks #262 in the country.

“Licensing the most up-to-date data for over 25,000 cities, we first found the 1,000 U.S. cities that are projected to grow the fastest over the next five years. We then ranked those 1,000 cities according to each one’s median monthly home cost, which includes mortgage payments plus utilities,” said Mike Brown, LendEDU’s Director of Communications.

“Specifically, Greer is projected to grow by 36.65% over the next five years and the median monthly home cost in Greer is $1,292, which means it’s still very affordable despite its trendiness on the real estate market. Residents of Greer should be proud of this accomplishment,” Brown said.

The full report is available at https://lendedu.com/blog/fastest-growing-cities-still-affordable-for-homebuyers/


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