Salisbury- The City of Salisbury is proud to announce that is has been ranked the number one fastest growing city in Maryland that is still affordable for homebuyers according to an in-depth analysis presented by LendEDU. Salisbury also ranked 334th in a nationwide study of the same data points.
As more and more people look to leave larger, more congested cities like Baltimore and Washington D.C., many prospective home buyers see Salisbury as the perfect medium between the hustle and bustle of the city and calm coastal life.
“We are so excited that Salisbury has received this national recognition from LendEDU,” shared Director of Salisbury’s Housing and Community Development Department, Ron Strickler. “It’s very important to us that we are creating an ever-expanding, yet tight-knit community that is affordable for people looking to move here.”
By analyzing local zip codes and compiling the most up to date housing data across the country, LendEDU has published a list of the top 1,000 U.S. cities that are projected to grow the fastest over the next five years. They then ranked them according to each city’s monthly home cost, which includes mortgage payments and estimated utility costs.
LendEDU’s website states that Salisbury is projected to grow by 10.03% over the next five years and the median monthly home cost in Salisbury is relatively low, at just over $1300 a month, which includes mortgages and utilities.
“As Salisbury continues to grow, with new businesses popping up and houses being bought and sold, we are excited to see data that indicates that our efforts to make Salisbury a great place to live, work, and grow are having the desired effect,” said City Administrator Julia Glanz.
The designation from LendEDU gives Salisbury another tool with which to position itself as an affordable, fast-growing city, and only helps to solidify its standing as the Capital of the Eastern Shore.
To see the full list of rankings provided by LendEDU visit https://lendedu.com/blog/fastest-growing-cities-still-affordable-for-homebuyers/