The City of Carrollton was ranked as one of the top 20 cities nationwide in WalletHub’s 2024 Best Real Estate Markets report.

The financial planning website analyzed more than 300 cities of varying sizes in the United States across two key dimensions. The first was the real-estate market, and the second was affordability and economic environment.

Each city was also categorized by population with Carrollton ranking among the top 4 percent of the healthiest real estate cities analyzed in the United States, the fourth best city for the real estate market in the DFW Metroplex for its size, and the seventh in Texas overall.

The study addressed 17 key indicators including home value forecast, median home-price appreciation, median days on the market, share of seriously underwater mortgages, ratio of rent price to sale price, foreclosure rate, share of people delinquent on their mortgage debt, vacancy rate, share of young homes, building-permit activity, housing affordability, maintenance affordability, population growth rate, job growth rate, unemployment rate, underemployment rate, and median credit score.

Each metric was scored from 0 to 100, with 100 representing the healthiest housing market. The weighted average of these individual metric scores was then used to calculate an overall score, which was used to ultimately determine their rank.

Data used to create these rankings was obtained from the U.S. Census Bureau, the U.S. Bureau of Labor Statistics (BLS), the Council for Community and Economic Research (C2ER), Zillow, TransUnion, Chmura Economics & Analytics, the National Association of REALTORS, and ATTOM a property data provider – U.S. Foreclosure Market Report.

WalletHub is a personal finance social network launched in 2013 by Evolution Finance, Inc.

To view the full study, visit wallethub.com/edu/best-real-estate-markets/14889.

For a list of more City of Carrollton awards, accolades, and rankings, visit cityofcarrollton.com/awards-accolades.