Springfield comes in at 17 on new WSJ emerging housing markets list

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Springfield has jumped into the top 20 in a new ranking of emerging housing markets from the Wall Street Journal and realtor.com.

The ranking looks at the 300 largest metropolitan areas in the U.S. and ranks them based on the overall cost of living and the cost of housing, as well as the stability of the real estate market and the health of the local economy.

Springfield ranked Number 17 on the list, mainly on the strength of its affordable housing. The local median home price in December was just over $162,000, the lowest among the top 20 communities.

It’s a big jump for Springfield, which didn’t even make the top 50 in the previous ranking last fall.

 

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