The 10 Best Places to Build a Forever Home

BY Courtney Price Davis

The 10 Best Places to Build a Forever Home

GoodCall analysts recently published a list ranking 468 cities as the Best Places to Build a Forever Home. The rankings weighed factors such as the cost of a custom-built home, cost of living for the area, home value growth, and other livability metrics.

The cities near the top of the list were areas that had growth in home value, relatively low costs for custom homes relative to income, and tended to be smaller cities.

Key Highlights:

  • Five of the top 10 cities were in Texas, and they all ranked in the top 10% of cities for the low cost of a custom home.
  • Most of the top cities are in the Midwest and Mid-South.
  • Cities with the lowest costs for custom homes also tend to be areas where home value growth was modest or nearly stagnant.
  • Cities with high home value growth tend to be much less affordable – in many cases the cost for a custom home was more than 15 times higher than the area’s median income.

Read more about the GoodCall list.

 

Best Cities to Build a Forever Home

1. Edmond, Okla.

Street lights illuminate an intersection in downtown Edmond. Edmond was the number one best city to build a forever home.

City of Edmond

Population: 90,090

Median Income: $73,885

Cost of a custom home: $526,460

Home value growth: 22%

 

2. Frisco, Texas

Frisco Park, shown with the u.s. flag and the state of texas flag, is one attraction in Frisco Texas. Frisco was number 2 on the list of best cities to build a forever home.Population: 154,388

Median Income: $123,055

Cost of a custom home: $987,439

Home value growth: 39%

 

3. Flower Mound, Texas

The Shops at Lakeside DFW in Flower Mound Texas at night. Flower Mound is number 3 on the list of best cities to build a forever home.

Meredith Butterfield/Town of Flower Mound

Population: 71,024

Median Income: $120,084

Cost of a custom home: $824,100

Home value growth: 27%

 

4. Round Rock, Texas

Aerial photo shows an intersection in Round Rock Texas. Round Rock was number 4 on the list of best cities to build a forever home.Population: 115,839

Median Income: $75,974

Cost of a custom home: $582,296

Home value growth: 24%

 

5. Rochester Hills, Mich.

A farmhouse stands in Rochester Hills Michigan in the Fall. Rochester Hills was number 5 in the list of best cities to build a forever home.Population: 73,432

Median Income: $81,124

Cost of a custom home: $419,942

Home value growth: 21%

 

6. Midland, Texas

Open space forms a park in front of high rise buildings in Midland Texas. Midland was number 6 on the list of best cities to buy a forever home.Population: 132,950

Median Income: $80,700

Cost of a custom home: $649,556

Home value growth: 53%

 

7. Troy, Mich.

Image overlooks Big Beaver Road in Troy Michigan, which was number 7 in the list of best cities to build a forever home.

City of Troy

Population: 83,276

Median Income: $87,447

Cost of a custom home: $418,038

Home value growth: 18%

 

8. Sugar Land, Texas

Water bubbles up in the fountain in Oyster Creek Park in Sugar Land, Texas. Sugar Land was number 8 on the list of best cities to build a forever home.Population: 88,129

Median Income: $111,124

Cost of a custom home: $928,465

Home value growth: 16%

 

9. Carmel, Ind.

The amphitheater at Coxhall Public Garden in Carmel Indiana. Carmel was number 9 on the list of best cities to build a forever home.Population: 89,029

Median Income: $108,660

Cost of a custom home: $ 607,702

Home value growth: 8%

 

10. Lee’s Summit, Mo.

People cross the street in downtown Lee's Summit, Missouri. Lee's Summit was Number 10 on the list of best cities to build a forever home.

City of Lee’s Summit

Population: 95,068

Median Income: $75,020

Cost of a custom home: $464,506

Home value growth: 9%