Are you looking to buy a home? If so, you probably want to move somewhere that offers good long-term value. Here are some of today’s top cities for first-time homebuyers.
- Nashville, TN
Nashville is one of the top 10% cities for three of our four categories: home market favorability, affordability, and employment.
- Boise, ID
Boise, Idaho, ranked fourth in this year’s report, has been in the top third of cities for 2018. The city ranks highly across all metrics; additionally, it had a rank within the top fifteen for four individual metrics out of twelve.
- Grand Rapids, MI
Grand Rapids has the 21st best price-to-rent ratio and 40th highest five-year home value appreciation.
- Omaha, NE
Omaha, Nebraska is ranked best for its low foreclosure rates and a March 2021 unemployment rate of 3.2%.
- Murfreesboro, TN
Murfreesboro, Tennessee ranks sixth-best in employment and 26th best in affordability. The city has the 13th lowest unemployment for March 2021 (4.1%) and 22nd highest household incomes change over a five-year period since 2010 (38.25%).
- Henderson, NV
Henderson, Nevada stands out as affordable for first-time buyers, with the median annual housing costs far below the median income.
- Reno, NV
Reno, Nevada ranks first in terms of employment opportunities and 43rd for livability. Reno has outpaced incomes by almost 47% over the past five years, which may allow individuals to save more money or buy a home sooner.
- Virginia Beach, VA
Virginia Beach, Virginia’s favorable livability rates put it at the top of 163 cities in a recent study. Data from the 2019 County Business Patterns Survey published by the Census Bureau shows that 12% of establishments there are dedicated to dining and entertainment.
- Sunnyvale, CA
The attractive city of Sunnyvale, CA offers a perfect mix of living and employment opportunities to help your family thrive. Sunnyvale provides the security and amenities necessary to raise a happy family.