BOISE, Idaho — Idaho has secured another top spot on a national list, this time as the No. 1 state in the U.S. to own a home.
SmartAsset, a financial technology company, analyzed average price per square foot, the one-year percentage change in value per square foot, median- value-to-median-income ratio, foreclosures per 10,000 homes, average effective property tax rate, median annual property taxes, average closing costs, average homeowners insurance and the burglary rate to come up with the ranking.
Idaho ranked first in 2018 as well. The Gem State came out on top due to factors including a 12.12 percent price-per-square-foot increase in just one year, "which could indicate the state is growing more desirable and attracting new residents," according to the study.
SmartAsset did note that Idaho has the second-highest closing cost among the states ranked in the Top Ten.
Utah took the second place ranking, followed by South Dakota, Montana, Wyoming and a Colorado-Michigan tie.
For the full study, click here.
