By Tanza Loudenback
More than 80 per cent of millennials say becoming a homeowner is a priority for them, according to NerdWallet’s latest homebuyer report.
Many are considering it “the next step in my life” and plan to buy within the next five years.
Affordable real estate is hard to come by in America’s coastal cities. Migrating to the Midwestor Southern United States is a smart bet if you are looking to put down roots at an affordable cost.
That is evidenced by SmartAsset’s annual list of the best places for first time homebuyers.
SmartAsset gathered housing data for 64 metros (the US cities with a population over 300,000) related to securing a loan, the value of the average home, stability of the housing market and affordability.
Each city was ranked in seven categories and then given an average score. We narrowed down the list to feature the cities with a total score of 55 or higher, out of a possible 100.
Check out the top 17 best places for first-time homebuyers.
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