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The Best Cities for First-Time Homebuyers

Affordability is at the forefront of the minds of first-time homebuyers, who are contending with climbing prices and fierce competition. There are other considerations, however, that are important for first-time buyers, as well: cost of living, property crime rate, and utility costs, to name a few.

A recent assessment by WalletHub weighed these and other factors to identify the cities best suited for first-time buyers:

  1. McKinney, Texas
    McKinney, located in Collin County and part of the Dallas-Fort Worth Metroplex, scored 68.32 in the assessment.
  1. Frisco, Texas
    Frisco, located in Collin and Denton counties and part of the Dallas-Fort Worth Metroplex, scored 68.2 in the assessment.
  1. Allen, Texas
    Allen, located in Collin County and part of the Dallas-Fort Worth Metroplex, scored 68.15 in the assessment. Allen has the second-lowest property crime rate of the 30 cities ranked.
  1. Cary, N.C.
    Cary, located in Wake County and part of the Research Triangle, scored 67.98 in the assessment. Cary has the fourth-lowest property crime rate of the 30 cities ranked.
  1. Norman, Okla.
    Norman, located in Cleveland County and part of the Oklahoma City metropolitan area, scored 67.64 in the assessment. Norman has the fourth-lowest cost of living of the 30 cities ranked.
  1. Lincoln, Neb.
    Lincoln, the capital of Nebraska, located in Lancaster County, scored 66.61 in the assessment.
  1. Richardson, Texas
    Richardson, located in Collin and Dallas counties and part of the Dallas-Fort Worth Metroplex, scored 66.32 in the assessment.
  1. Boise, Idaho
    Boise, the capital of Idaho, located in Ada County, scored 66.26 in the assessment.
  1. Thornton, Colo.
    Thornton, located in Adams and Weld counties and part of the Denver-Aurora-Bloomfield metropolitan area, scored 66.04 in the assessment.
  1. Murfreesboro, Tenn.
    Murfreesboro, located in Rutherford County and part of the Nashville metropolitan area, scored 65.97 in the assessment.

Source: WalletHub

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