Cottage Grove ranked as healthiest housing market in state
SmartAsset, a New York based financial technology company, has ranked the healthiest housing markets in Minnesota. Cottage Grove topped the list at No. 1 in the state and No. 15 in the nation with a healthiest markets index of 92.75.
SmartAsset considers stability, affordability, fluidity and risk of loss to find the healthiest housing markets in the country. Stability was measured by the number of years people remain in their homes and the percentage of homeowners with negative equity; risk was measured by the percentage of homes that decreased in value; fluidity was determined based on how long each home was on the market; and affordability was determined by the monthly cost of owning a home compared to household income.