SOURCE: RealtyTrac

RealtyTrac

March 10, 2015 20:18 ET

Best Normcore Neighborhoods to Buy an Unpretentious Home

IRVINE, CA--(Marketwired - March 10, 2015) - RealtyTrac® (www.realtytrac.com), the nation's leading source for comprehensive housing data, today released its first-ever Normcore Neighborhood Report, which examines the best neighborhoods to buy an unpretentious or normal home when it comes to home value, home size, schools and year built.

Those counting on millennial buyers to rescue the housing market should be aware of the nascent normcore trend among that generation. The word normcore may sound fake, but a quick Internet search will show you that normcore is for real. The search results will likely inspire both laughter and tears, but ultimately this what-will-they-think-of-next trend reflects some core values of the generation that represents the housing market's best hope for the next crop of first-time homebuyers.

Here's a quick sampling: Normcore in fashion is defined by Wikipedia as being "characterized by unpretentious, average-looking clothing." The word can also refer to an attitude of "finding liberation in being nothing special" and again when applied to fashion "dressing neutrally to avoid standing out."

RealtyTrac applied the concept of normcore to real estate by identifying the zip codes that are the most normal or average when it comes to home values, home size, school quality and year built.

The only above-average characteristic of the top 35 normcore neighborhoods RealtyTrac identified was the percentage of the population that walks or uses public transportation to get to work. A high percentage walking or using public transportation implies core neighborhoods epitomizing the back-to-basics vibe attractive to the younger generation that has embraced the normcore philosophy.

"Like many of our grandparents that came of age in the 1930s amid political uncertainty and a hangover from the overindulgences of the roaring 20s, todays millennials were reared in a similar historic economic cycle and are too now characterized by a search for balance and normalcy," said Mark Hughes, Chief Operating Officer at First Team Real Estate, covering the Southern California market. "Today's young homebuyers are much less interested in sticking out and more interested blending in. They trend towards a conservative neutral lifestyle. We have gone from low down payments on McMansions to responsible larger down payments on mid-century tract homes as the new smart cool move."

 
 
Top 35 Best Normcore Neighborhoods

 

ZIP Code  State  MSA  Median Home Value in ZIP  ZIP to County Home Value Ratio  Average Home Square Footage  Pct of Homes Built 1970 to 2000  ZIP to County School Score Ratio  Pct of Population Who Walk or Take Public Transport to Work
10459  New York  New York-Northern New Jersey-Long Island, NY-NJ-PA  $298,574  97.15%  1,375  50.34%  88.88%  74.4%
78705  Texas  Austin-Round Rock, TX  $272,486  88.98%  1,212  57.51%  116.70%  31.3%
20785  Maryland  Washington-Arlington-Alexandria, DC-VA-MD-WV  $210,669  80.92%  1,270  35.45%  101.89%  26.7%
45701  Ohio  Athens, OH  $193,494  118.86%  1,886  35.92%  112.31%  26.5%
45056  Ohio  Cincinnati-Middletown, OH-KY-IN  $175,756  112.92%  1,834  43.33%  109.65%  26.4%
16801  Pennsylvania  State College, PA  $263,754  117.72%  1,786  42.17%  104.11%  25.9%
47408  Indiana  Bloomington, IN  $192,518  105.21%  1,809  40.37%  106.75%  20.6%
84604  Utah  Provo-Orem, UT  $291,418  114.50%  1,853  50.98%  107.30%  20.0%
96727  Hawaii  Hilo, HI  $323,284  81.07%  1,431  36.87%  85.85%  19.3%
20774  Maryland  Washington-Arlington-Alexandria, DC-VA-MD-WV  $288,724  110.90%  1,899  55.99%  103.62%  18.2%
45314  Ohio  Dayton, OH  $175,654  117.74%  1,826  37.44%  114.29%  17.9%
77840  Texas  College Station-Bryan, TX  $156,462  87.06%  1,574  41.87%  98.88%  17.6%
99664  Alaska  0  $216,614  90.50%  1,636  45.23%  98.88%  17.2%
89820  Nevada  0  $165,560  100.12%  1,601  41.98%  100.00%  15.7%
20706  Maryland  Washington-Arlington-Alexandria, DC-VA-MD-WV  $264,158  101.46%  1,560  34.83%  107.66%  15.6%
30324  Georgia  Atlanta-Sandy Springs-Marietta, GA  $344,168  114.45%  1,667  41.02%  91.68%  15.2%
20735  Maryland  Washington-Arlington-Alexandria, DC-VA-MD-WV  $277,272  106.50%  1,761  45.12%  95.73%  15.0%
89801  Nevada  Elko, NV  $250,368  99.61%  1,544  49.71%  107.16%  14.8%
30605  Georgia  Athens-Clarke County, GA  $166,678  97.06%  1,801  49.04%  100.72%  13.6%
10921  New York  Poughkeepsie-Newburgh-Middletown, NY  $246,554  102.51%  1,764  44.07%  99.42%  13.6%
08857  New Jersey  New York-Northern New Jersey-Long Island, NY-NJ-PA  $343,851  104.41%  1,779  33.85%  105.21%  13.5%
28723  North Carolina  0  $296,184  112.95%  1,838  52.73%  97.62%  13.4%
97330  Oregon  Corvallis, OR  $330,979  108.59%  1,929  41.56%  102.91%  13.3%
89445  Nevada  0  $213,908  100.02%  1,574  50.10%  100.00%  13.3%
20744  Maryland  Washington-Arlington-Alexandria, DC-VA-MD-WV  $276,389  106.16%  1,833  52.29%  96.70%  13.3%
03461  New Hampshire  Keene, NH  $224,548  112.47%  1,654  42.71%  95.77%  13.3%
99501  Alaska  Anchorage, AK  $297,180  94.00%  1,357  41.37%  110.54%  13.1%
97352  Oregon  Salem, OR  $219,102  104.68%  1,595  51.01%  80.01%  12.9%
61761  Illinois  Bloomington-Normal, IL  $172,218  98.50%  1,635  40.20%  101.58%  12.7%
89815  Nevada  Elko, NV  $259,099  103.08%  1,762  64.13%  119.81%  12.7%
97131  Oregon  0  $297,338  109.45%  1,871  42.61%  107.67%  12.7%
22902  Virginia  Charlottesville, VA  $298,033  89.03%  1,496  34.91%  87.63%  12.6%
99218  Washington  Spokane, WA  $220,384  109.15%  1,778  52.72%  106.04%  12.5%
98036  Washington  Seattle-Tacoma-Bellevue, WA  $338,686  98.54%  1,739  39.51%  97.47%  12.5%
99801  Alaska  Juneau, AK  $313,874  101.38%  1,638  63.10%  98.41%  12.5%
                 
                 

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