Would you ever imagine that the higher the diversity within a city or other location, the higher the likelihood that the Real Estate market in this same area is thriving? Well, it comes to be known that this indeed is a relationship with a very high correlation. According to HousingWires reporter, Christina Mlynski, When comparing diverse neighborhoods no racial or ethic group accounts for more than 50 percent of the population the more diverse, the higher the population growth and stronger housing price growth.
Proudly we can report that Dorchester ranked within this group, only furthering the notion that this is going to be one of the strongest growing locations in Boston both in terms of prices, population and developments. So what led the Country in the top 8 for the most diverse metropolitan areas? Have a look below:
- Irving/Dallas (ZIP: 75038)
- Queens Village/New York (ZIP: 11428)
- Treasure Island/San Francisco (ZIP: 94130)
- Lakemont/Houston (ZIP: 77407)
- Wahiawa/Honolulu (ZIP: 96786)
- Kahuku/Honolulu (ZIP: 96731)
- Rainer View/Seattle (ZIP: 98178)
- Dorchester/Boston (ZIP: 02125)
More Information: National Association of Realtors