The best and worst US cities to buy your first home
If you want to buy your first home in the USA, it is worth exploring the various ratings in order to accurately choose the best option. Writes about it Fox Business.
WalletHub has published a ranking of the best cities in the United States for first home buyers. Henderson (Nevada) was at the top of the list.
The company analyzed 300 US cities by 26 criteria in three categories: affordability, real estate market and quality of life.
In addition to the overall rating, WalletHub has released separate ranked lists for each criterion.
For example, Akron, Ohio, was the city with the most affordable housing, while five California cities - Los Angeles, San Francisco, Glendale, Santa Barbara and Berkeley - had the least affordable housing.
WalletHub also found Honolulu, Hawaii, to have the lowest real estate tax rate and Waterbury, Connecticut, to have the highest.
According to the rankings, Yonkers, New York, had the lowest real estate crime rate, while Miami Beach, Florida had the highest.
In its report, WalletHub also sorted the 300 cities by size and ranked them in those groups. Cities were considered large if they had more than 300 inhabitants, medium - from 000 to 150 inhabitants, and small if their population was less than 000.
The best large city to buy a first home was Tampa, Florida, the best midsize city was Henderson, NV, and the best small town was Thornton, Colorado.
Worst cities to buy first home:
- San Mateo (California)
- Miami Beach (Florida)
- Daily City (California)
- Los Angeles (California)
- Auckland (California)
- New York (NY)
- Detroit (Michigan)
- Santa Barbara (California)
- San Francisco (California)
- Berkeley (California)
Top cities for a first home purchase:
- Lincoln (Nebraska)
- Peoria (Arizona)
- North Las Vegas (Nevada)
- Las Vegas (Nevada)
- Tampa (Florida)
- Gilbert (Arizona)
- Chesapeake (Virginia)
- Thornton (Colorado)
- Boise (Idaho)
- Henderson (Nevada)
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