(1) employment growth, sourced from the Bureau of Labor Statistics Economic Summaries in August 2016, with the percentage representing the employment
change from June 2015 to June 2016 in each city; (2) population growth, based on and sourced from the 2014 and 2015 Census, with the percentage representing the
change in population from 2014 to 2015; (3) increase in home values, based on Zillow Home Value, with the percentage representing the
change in median home values for single - family homes from June 2015 to June 2016, sourced August 2016; (4) years to pay off property, which was based using the median home value for July 2016 and the median rent for a single - family residence for July 2016, both sourced from Zillow; median rent was multiplied by 12 to obtain
yearly rent and then home value was divided by
yearly rent to determine how many years it would take for the home to be paid off from rental income using current home values and rent
prices for each city.
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