Congratulations Lee’s Summit on making the list of the “2017 Best Places to Buy a Forever Home” released by staff at GoodCall.com, a personal finance website. Lee’s Summit ranks 46 out of 100 cities on the list; the only other city from Missouri in the top 100 on the list was Columbia ranking at number 69.
“It is always nice for our community to receive recognition for housing an area long deemed as a contributing factor in the overall quality of life individuals consider when deciding where to settle down and raise a family. This coupled with Lee’s Summit’s excellent educational system, award-winning parks and recreation services, community-wide festivals, concerts and events, top-notch public safety, and standout shopping and dining continues to affirm our community’s reputation as a best place to live locally, regionally and nationally,” said Lee’s Summit Mayor Randy Rhoads.
In a news release Claire Etheridge, data analyst for GoodCall.com, said, “When thinking about where to purchase a home to settle down, you want to look for a place that will be a good investment in the long run.” “Cities that are affordable and exhibit growth in home values and population dominated the list. High educational values and low unemployment indicate a place where one can prosper while a low crime rate will keep the family safe and comfortable in their forever home,” said Etheridge.
Here is how Lee’s Summit ranks according to GoodCall.com for the six criteria used to select cities for the listing of 2017 Best Places to Buy a Forever Home:
- Affordability: 17.3%
The median selected monthly owner costs as a percentage of household income
- Net Migration: 4%
The percentage population change between 2010 and 2015
- Unemployment: 3 %
The percentage of unemployed citizens
- Home Value Recession Recovery: 9%
The change in median home value between 2009 and 2015
- Crime Rate: 19.9
The number of crime incidents per 1,000 residents
- Educational Values: age 25+ with bachelor’s degree 46.6%; age 25+ with a high school diploma 96.4%
The percentage of residents age 25 or older with a bachelor's degree or higher and/or high school diploma or higher
A total of 509 cities across the U.S. were evaluated on affordability, growing home values, population, low unemployment and crime rates, and educational values. Data sources include the U.S. Census Bureau and FBI Crime Data. The full report/methodology can be found here: https://www.goodcall.com/data-center/2017-best-places-buy-forever-home/.