Wilmington's Housing Market Is 7th Healthiest In U.S.

WILMINGTON, MA -- A report by the financial services company SmartAsset ranks Wilmington's housing market the best in Massachusetts and the seventh best in the U.S. A low percentage of homes with negative equity and a lower percentage of homes with decreasing values helped land Wilmington on the list. Other factors taken into account in the study's methodology included average number of days on market before a house is sold and housing cost as a percentage of income.

In Wilmington, just 1.4 percent of homes are losing value, compared to the national average 35.8 percent. And just 2.9 percent of Wilmington mortgages are underwater, compared to the national average of 13.1 percent. Homes in Wilmington are on the market for an average of 74 days before they are sold, well below the national average of 166.1 days.

Wilmington was the only market outside of Michigan and New York state to crack the top 10 list of SmartAsset's study.

Read the full study.

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Dave Copeland can be reached at dave.copeland@patch.com or by calling 617-433-7851. Follow him on Twitter (@CopeWrites) and Facebook (/copewrites).