This index by ApartmentList is calculated based on a weighting of 4 factors that are of particular importance to families:
Safety (35%): We used FBI data to rank cities by the total number of violent crimes and property crimes per 100,000 residents.
Housing Affordability (30%): We used Census data on median gross rent as a percentage of household income as an indicator of housing affordability in each city. This measure takes into account not only how expensive rents are, but how well they are balanced with earnings.
Education Quality (25%): Comparing schools across different states can be challenging due to differing education requirements. We used data collected by the Department of Education on high school graduation rates, as a proxy for overall school quality. Cities were ranked by the graduation rates of their respective public school districts.
Child Friendliness (10%): Communities with a greater percentage of children tend to be more family-friendly, so we used Census data to score cities based on the percentage of the population under age 19.
This is a big win for Troy, Oakland County and Michigan Suburbs in general. We have solid tenant occupied properties in Troy that are currently off-market and are up for sale. The units are in $200K-$250K range. Please email us at email@example.com if you are interested in Troy rental market.
Read full report here.