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Top 10 Profitable Zip Codes With The Highest Returns

Top 10 Profitable Zip Codes With The Highest Returns

Posted by on in Cribs
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Your ZIP code is a pretty important piece of an address, especially when it comes to the real estate market that’s probably why Zillow sells them like hot cakes. HomeUnion an online real estate investment management firm, recently identified zip codes in metros that maximize real estate returns while minimizing risk over a five-year horizon.

Below is the top 10 zip codes

The numbers were examined by school quality and neighborhood attractiveness for single-family rentals over five years. They also looked at more than a dozen attributes that characterize a neighborhood including crime, schools, white-collar jobs, unemployment, homeownership, permitting activity, etc.

 

10. 30078

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Atlanta’s housing market was strong throughout 2016 and shows no signs of slowing down,” Susan Goiser, region vice president of RE/MAX Georgia, said in a news release.

 

median home sale price jumped 10 percent from $292,000 in 2015 to $320,375 in 2016, according to RE/MAX’s findings. In 2015, a home stayed on the market an average of 50 days, compared to 45 days the year after.

 

 

 

office and administrative support (19.90%)

 

sales jobs (15.86%)

 

management occupations (8.70%)

 

Submarket: Snellville, Ga.

Metro area: Atlanta

Annualized total return: 5.8%

 

9. 45255

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One way that the Cherry Grove / Forestville neighborhood really stands out, is that it has larger 4, 5, or additional bedroom homes and real estate than 95.8% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.

 

 

Submarket:  Forestville/Cherry Grove, Ohio

Metro area: Cincinnati

Annualized total return: 5.9%

 

8. 60016

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Des Plaines is a larger medium-sized city located in the state of Illinois. With a population of 58,677 people and 18 constituent neighborhoods, Des Plaines is the 20th largest community in Illinois.

Des Plaines real estate is some of the most expensive in Illinois, although Des Plaines house values don't compare to the most expensive real estate in the U.S.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Des Plaines is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Des Plaines is a city of sales and office workers, professionals, and managers. There are especially a lot of people living in Des Plaines who work in office and

Administrative support (14.50%)

 

Sales jobs (11.94%)

 

Management occupations (9.50%)

 

Submarket: Des Plaines, Ill.

Metro area: Chicago

Annualized total return: 6%

 

7. 66223

 

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Overland Park is a relatively large city located in the state of Kansas. With a population of 186,515 people and 43 constituent neighborhoods, Overland Park is the second largest community in Kansas.

Overland Park real estate is some of the most expensive in Kansas, although Overland Park house values don't compare to the most expensive real estate in the U.S.

Overland Park is a decidedly white-collar city, with fully 90.53% of the workforce employed in white-collar jobs, well above the national average. Overall, Overland Park is a city of professionals, sales and office workers, and managers.

Management occupations (14.85%)

 

Sales jobs (13.39%)

 

Office and administrative support (11.91%)

 

Submarket: Overland Park, Kansas

Metro area: Kansas City, Mo.

Annualized total return: 6.2%

 

6. 37062

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Fairview is a somewhat small city located in the state of Tennessee. With a population of 8,331 people and three constituent neighborhoods, Fairview is the 80th largest community in Tennessee.

Fairview real estate is some of the most expensive in Tennessee, although Fairview house values don't compare to the most expensive real estate in the U.S.

Unlike some cities, Fairview isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Fairview are a mix of both white- and blue-collar jobs. Overall, Fairview is a city of sales and office workers, professionals, and managers.

Sales jobs (14.16%)

 

Office and administrative support (13.29%)

 

Management occupations (11.28%)

 

Submarket: Fairview, Tenn.

Metro area: Nashville, Tenn.

Annualized total return: 6.5%

 

5. 33327

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Weston is a larger medium-sized city located in the state of Florida. With a population of 69,959 people and nine constituent neighborhoods, Weston is the 38th largest community in Florida.

Weston is a decidedly white-collar city, with fully 91.87% of the workforce employed in white-collar jobs, well above the national average. Overall, Weston is a city of sales and office workers, managers, and professionals.

management occupations (19.98%)

 

 

sales jobs (16.83%)

 

Office and administrative support (12.02%)

 

Submarket: Weston, Fla.

Metro area:  Fort Lauderdale, Fla.

Annualized total return: 6.6%

4. 33158

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Palmetto Bay is a medium-sized coastal village (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 24,642 people and six constituent neighborhoods, Palmetto Bay is the 113th largest community in Florida.

 

Sales jobs (15.12%)

Management occupations (14.20%)

Office and administrative support (12.50%)

 

Submarket: Palmetto Bay, Fla.

Metro area: Miami

Annualized total return: 6.8%

 

3. 48322

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West Bloomfield is a larger medium-sized town located in the state of Michigan. With a population of 65,888 people and 19 constituent neighborhoods, West Bloomfield is the 21st largest community in Michigan.

 

92.06% of the workforce employed in white-collar jobs, well above the national average.

 

 

Management occupations (15.77%),

Sales jobs (15.53%)

 

Healthcare (10.84%)

 

Submarket: West Bloomfield Township, Mich.

Metro area: Detroit

Annualized total return: 6.9%

 

2. 19035

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Gladwyne is a small town located in the state of Pennsylvania. With a population of 5,051 people and just one neighborhood, Gladwyne is the 293rd largest community in Pennsylvania.

Gladwyne is a decidedly white-collar town, with fully 99.39% of the workforce employed in white-collar jobs.

 

Overall, Gladwyne is a town of professionals, managers, and sales and office workers.

 

management occupations (19.14%)

 

healthcare (17.16%)

 

business and financial occupations (12.54%)

 

Submarket: Gladwyne, Penn.

Metro area: Philadelphia

Annualized total return: 6.9%

 

1.   33434

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Do you like to read, write and learn? If you move to Boca Raton, you'll likely find that many of your neighbors like to as well. Boca Raton is one of the more educated communities in America, with a full 52.33% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.

The per capita income in Boca Raton in 2010 was $49,868, which is wealthy relative to Florida and the nation. This equates to an annual income of $199,472 for a family of four. However, Boca Raton contains both very wealthy and poor people as well. 

With fully 91.54% of the workforce employed in white-collar jobs, well above the national average.

 

Sales jobs (17.63%)

 

Management occupations (16.89%)

 

Office and administrative support (10.02%)

 

Submarket: Hamptons at Boca Raton, Fla.

Metro area: West Palm Beach, Fla.

Annualized total return: 8.1%

 

By The Cribsuite Team

Sources:

https://www.usatoday.com/story/money/personalfinance/2017/07/31/20-zip-codes-highest-real-estate-returns/516281001/

https://www.neighborhoodscout.com

 

 

 

 

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