Top Housing Markets for First-Time Buyers
The number of first-time home buyers is on the rise, reaching a 32 percent share of existing-home sales in May – the highest since September 2012, according to the National Association of REALTORS®.
Read more: Where Should First-Time Buyers Live?
Which cities hold some of the best deals for first-time buyers? WalletHub recently compared 300 U.S. cities to find the most favorable housing markets for first-time home buyers. Researchers analyzed markets for 18 key metrics, ranging from housing costs to property taxes and crime rates. In the study, large cities had populations of more than 300,000 people; midsize cities had populations of 150,000 to 300,000; and small cities had a population of fewer than 150,000.
The following are the best large, midsize, and small cities for first-time home buyers, according to WalletHub's analysis:
Source: "2015's Best and Worst Cities for First-Time Home Buyers," WalletHub (July 2015)
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