M Top 10: Best cities for first time home buyers
Much has been made recently about the lack of ability of young people to afford their first home.
Indeed, research shows first-time homebuyers made up 26% of the home buying market last year, compared to 34% the previous year.
As a consequence, the search for a first home requires more diligence, savings and careful consideration than ever. At the same time, it remains critical to keep an eye on market prices and evaluate the neighborhood into which one is buying, as well as the soundness of the structure itself.
WalletHub did some of this legwork for those hoping to find just the right place to call home. This summer, the website looked at 300 cities of various sizes across the U.S. and ranked them on indicators that included quality of life, property-crime rates, cost of living, market attractiveness and affordability and more.
The published list of “2023’s Best and Worst Cities for First-time Home Buyers” includes these top 10 most accessible places to purchase a first home.
- Palm Bay, Florida
- Cape Coral, Florida
- Tampa, Florida
- Port St. Lucia, Florida
- Orlando, Florida
- Surprise, Arizona
- Gilbert, Arizona
- Boise, Idaho
- Chesapeake, Virginia
- Henderson, Virginia
