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Allapattah ranks as one of the hottest neighborhoods in the country

by Rincey Abraham

miami-waterfront-homes-community-neighborhood

One of the hottest neighborhoods in the country is located in Miami.

A new study from the personal finance website GOBankingRates ranked the 20 hottest neighborhoods across the United States. It found that they are often right outside mid-sized cities, near interstates and have easy access to city centers.

Allapattah came in at no. 16 on the list. This neighborhood is along a number of major highways that help its residents go in and out of downtown Miami and Miami Beach. It also boasts affordable home options, especially compared to the rest of the city, but they are quickly on the rise.

GOBankingRates looked at more than 1,700 neighborhoods throughout the country to figure out which provided the best opportunities to buy before becoming too expensive. The ranking neighborhoods were chosen based on trends in home prices, availability of homes and how long homes stayed on the market.

Allapattah

  • Median list price July 2016: $154,500
  • Median list price July 2017: $189,000
  • Year-over-year increase: 22.33 percent
  • Median days on market: 29

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