TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/317625
Th e M Rep o RT | 11 Naperville, Illinois Population: 143,474 Median Age: 37 Median Household Income: $105,466 Median Home Price: $325,000 Average Work Commute: 28 minutes Hot home: This beautiful European-influenced 9,000-plus-square-foot home sits on almost eight acres of land, has a nanny suite, a recreational room, theater, two porches, a six-car garage, a pool, and its own pond. With five bedrooms and seven bathrooms, there's plenty of room to start a tribe in this $4.3 million home. Fargo, North Dakota Population: 110,913 Median Age: 30 Median Household Income: $43,501 Median Home Price: $146,400 Average Work Commute: 13 minutes Hot home: This beautiful $2.9 million home is nearly 8,000 square feet and not only has six bedrooms, but eight and a half bathrooms to share. With amenities like a movie theater with 16 re- cliners, an indoor pool, hot tub, steam room, and sauna, there may not be much rea- son to leave the house. Hoboken, New Jersey Population: 50,933 Median Age: 31 Median Household Income: $111,095 Median Home Price: $494,250 Average Work Commute: 36 minutes Hot home: This new multi- family home is a simple two- bedroom, two-bathroom setup, but the skyline view is worth the $2.5 million price alone. Keep an eye on the fine city in front of you—it's a priceless decoration. Bethesda, Maryland Number of 25- to 34-year- olds: 6,987 *Number of available jobs: 83,201 Hot home: This $6 million French beauty was built on an acre on the most desirable street in town and backs up to a golf course, so the exclusivity factor is high here. With a guest house, two-story library, grand salon, and plenty of room outside to entertain, this would be a nice place to celebrate your success. Bellevue, Washington Population: 126,359 Median Age: 38 Median Household Income: $84,108 Median Home Price: $482,750 Average Work Commute: 20 minutes Hot home: This 6620-square-foot four-bed- room home can be yours for only $7 million. With a nice view of the water in front of the house and beautiful landscaping, this is a perfect spot for relaxing by the lake anytime you'd like. Cambridge, Massachusetts Population: 107,086 Median Age: 30 Median Household Income: $65,424 Median Home Price: $460,000 Average Work Commute: 21 minutes Hot home: This historic $7 million Colonial is in the heart of Cambridge's Brattle area estates—a mere walking distance from Har- vard Square. The half-acre home has patios, gardens, a conservatory/greenhouse, and large open lawn, yet still boasts plenty of privacy. Inside, there's elegant living and dining rooms, a chef's kitchen with professional appliances, a wood-paneled library, and a game/media room. It's been occupied by many since 1877, and you could be next. Mountain View, California Population: 76,425 Median Age: 36 Median Household Income: $89,440 Median Home Price: $735,000 Average Work Commute: 19 minutes Hot home: This beautiful 1920s home is on one of downtown Mountain View's most desirable streets and has been completely remodeled, offering a nice, sunny porch and a backyard perfect for entertaining, high vaulted ceilings—and most importantly, a de- tached office or separated room for family members who want to stay too long. $2.3 million may be worth it for that alone. Ann Arbor, Michigan Population: 116,352 Median Age: 28 Median Household Income: $52,909 Median Home Price: $198,800 Average Work Commute: 15 minutes Hot home: This 1920 $2.5 million English Tudor is in the heart of what is af- fectionately known as A2 by the locals and has been renovated, reconstructed, and restored perfectly for a new family. With five bed- rooms, eight bathrooms, a gym, sauna, and butler's pantry attached to a gour- met kitchen, this one has great features. Best of all, it's within walking distance of the medical campus and downtown. Minneapolis, Minnesota Population: 389,314 Median Age: 31 Median Household Income: $47,006 Median Home Price: $161,279 Average Work Commute: 20 minutes Hot home: This beautiful century-old 12,000-square- foot home on an acre lot is located on Lowry Hill, home to the most prominent residents of the city. Get lost in this $4.5 million estate's seven bedrooms and nine bathrooms and enjoy having guests with a three-level carriage house with its own two-bedroom/two-bath- room apartment, which is a perfect place to put a nanny or in-laws. You can also start that car collection with a nice four-car garage. Austin, Texas Population: 833,345 Median Age: 31 Median Household Income: $51,762 Median Home Price: $224,983 Average Work Commute: 20 minutes Hot home: Locals like to push to "keep Austin weird," but there's nothing weird about this exclusive Stratford Drive estate. With a beautiful view of the lake and downtown, this stylish gated home sits on an acre and has unique features like a hidden garden and a negative-edge swimming pool and spa that cascades into lily ponds. It's a $12 mil- lion hideaway that may keep you from wanting to leave. Sources: Information acquired from Zillow and Livability.com. Top 10 Best Cities for New College Grads