Study shows 2 Valley cities with growth in homeownership

Affordability, compared to different parts of the state, helped propulsion Clovis into the 7th position, portion Merced was ranked 11th.

FRESNO, Calif. (KFSN) -- Just 16% of 500 ample cities successful the US showed maturation successful homeownership successful a survey conducted by Home Gnome, a location services marketplace.

"So we analyzed the percent alteration successful homeownership from 2010 to 2023," says Home Gnome Editor Kimberly Magerl. "These are, you know, homes that are owned arsenic opposed to, you know, renters."

Two Central California cities fared precise good successful the study.

Affordability, compared to different parts of the state, helped propulsion Clovis into the 7th position, portion Merced was ranked 11th.

"So Clovis showed conscionable implicit a 6% maturation rate, truthful they did truly well, too," Magerl said. "Only the apical 81 cities successful our cities adjacent saw immoderate affirmative growth."

Despite precocious lodging prices, we saw much homeowners get their keys successful Honolulu, Hawaii, which Magerl says, surprisingly, was ranked fig nine.

Kent, Washington, topped the list. It saw a 13% summation successful a 13-year span.

Kent was followed by Providence, Rhode Island, and Mount Vernon, New York.

"We did find immoderate absorbing trends," Magerl said. "People are tending to permission the large Metros successful favour of the midsize cities. That's wherefore you spot similar Kent, Washington, up determination astatine fig one. It's a precise tiny metropolis of 85,000 people."

Fresno was 1 of the 81 cities which did spot maturation successful homeownership.

It was ranked overmuch little connected the list, though, successful the 71st position.

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