When looking for a first home, people take a lot of things into consideration, but where you’re house hunting could play a major role in whether that home search is an easy or difficult one.
- WalletHub has just come out with their picks for the Best and Worst Cities for First-Time Homebuyers, so if you’re looking, you may want to listen up.
- The site looked at 300 different U.S. cities, judging them on 26 key indicators.
- They include affordability, quality of life, cost of living, real estate taxes and more.
- With all that in mind, Henderson, Nevada (just outside of Las Vegas) tops the list as the best city for first-time buyers.
- It scored a score of 64.6, landing at number nine for real estate market, and 34 for quality of life, although it’s at 54 for affordability.
- Tampa, Florida, which is sixth overall, is top for real estate market, while Toledo, Ohio, 108thoverall, is tops for affordability and Quincy, Massachusetts, 183rdoverall, is tops for quality of life.
Top Ten Best Cities For First-Time Home Buyers
- Henderson, NV
- Boise, ID
- Thornton, CO
- Chesapeake, VA
- Gilbert, AZ
- Tampa, FL
- Las Vegas, NV
- North Las Vegas, NV
- Peoria, AZ
- Lincoln, NE
- On the flipside, Berkeley, California is the worst state for first-time homebuyers, earning a score of just 30.16, and landing close to the bottom for affordability and real estate market.
Ten Worst Cities For First-Time Homebuyers
- Berkeley, CA
- San Francisco, CA
- Santa Barbara, CA
- Detroit, MI
- New York, NY
- Oakland, CA
- Los Angeles, CA
- Daly City, CA
- Miami, FL
- San Mateo, CA