Arizona is one of the best states for homeowners, according to a recent report by SmartAsset.
SmartAsset compared all 50 states based on 10 measurements, including: median price per square foot, home value appreciation, ratio of home value to income, foreclosures per 10,000 homes, average annual homeowners insurance, burglary rate, median annual property taxes, effective property tax rate, average closing costs and average closing costs as a percentage of median home value.
The Grand Canyon State came in at #8 on the list for having the eighth-highest median value per square foot ($413), the second-highest home value appreciation (7.55%) and 13th-lowest average closing costs as a percentage of median home value (1.35%). With property taxes favoring homeowners, Arizona also has the 16th-lowest median annual property taxes (at about $1,500) and 12th-lowest effective property tax rate (at 0.63%).
Scroll down for the best and worst states for homeowners. Click here for the full report.
Best states for homeowners
- New Hampshire
Worst states for homeowners
- New Mexico
- New Jersey
- (Tie) Kansas
- (Tie) Maryland