2017’s Best & Worst Places for First-Time Home Buyers
From WalletHub, Jul 17, 2017
Buying a home for the first time is an exciting and important milestone for many Americans. As such, first-time home buyers must carefully consider a number of factors — what they want and need relative to what they can afford, for instance — before diving to the deep end of real estate.
Often, potential buyers begin searching for their dream homes and drafting their wish lists without a realistic idea of market prices, interest rates or even their eligibility to obtain a mortgage.
To simplify the process, WalletHub’s analysts compared 300 cities of varying sizes across 23 key indicators of market attractiveness, affordability and quality of life. Their data set ranges from cost of living to real-estate taxes to property-crime rate.
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- Rank – 268th
- Score -- 46.34
- Affordability – 274th
- Real Estate Market – 187th
- Quality of Life -- 218th
- Cost of Living – 281st (tied for highest)
- Real Estate Tax Rate – 1st (lowest)
- Total Home Energy Cost – 253rd (highest in USA)