Washington, DC Metro Area Including Northern Virginia Number 5 Best City For A Job

Congratulations to the Washington, DC metro area including Northern Virginia for being one of the top ten best cities/areas in the country for a job (via Forbes.com). Though it dropped from number one (last year), it’s still number five.

1. Raleigh-Cary, NC
2. Phoenix-Mesa-Scottsdale, AZ
3. Jacksonville, FL
4. Orlando-Kissimmee, FL
5. Washington-Arlington-Alexandria, DC-VA-MD-WV
6. Salt Lake City, UT
7. Honolulu, HI
8. Las Vegas-Paradise, NV
9. Fort Lauderdale-Pompano Beach-Deerfield Beach, FL
10. Virginia Beach-Norfolk-Newport News, VA-NC

How does this effect real estate particularly property values? Well, one of the most important leading indicators of the long-term health of the local real estate market and market values is the unemployment rate/jobs. Northern Virginia has the lowest unemployment rate in the area (one of the reasons why the Washington, DC metro area was number five on the list) and plenty of people are still moving into the area. That helps give the local real estate market (and property values) a healthy long-term outlook.