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GoodCall names Norman 40th best city to buy a forever home

on February 3, 2017


GoodCall names Norman 40th best city to buy a forever home

See the full article here and the full rankings list here.


Methodology

GoodCall analysts reviewed and weighted six metrics that indicate areas where families can happily put down roots for life. Data considered were:

  • Affordability, the median selected monthly owner costs as a percentage of household income in the past 12 months from the American Community Survey 2015, accounted for 10% of a city’s total score.
  • Net Migration made up 10% of the score. This metric is the percentage population change between 2010 and 2015 the American Community Survey.
  • Unemployment, taken from the 2015 American Community Survey, was 10% of the score.
  • Home Value Recession Recovery, calculated as the change in median home value between 2009 and 2015, made up 30%.
  • The crime rate, expressed as incidents per 1,000 residents from FBI 2015 crime data, was 10% of the score. Analysts used data from the Metropolitan Statistical Area if city data was not available.
  • Educational Attainment made up 30% of the final score. Data from the American Community Survey showed the percentage of residents age 25 and older with a bachelors or higher (which was 10%) and those age 25 and older with a high school diploma or higher (which was 20%).