10 Best Metros for First-Time Home Buyers

From potentially lower competition to higher inventory, here’s what to love about these affordable locales.

• FEB 02 2023

There are the Great Lakes and the Mississippi River for soaking up nature, standout museums to explore, some of the most highly rated sports teams in the U.S. and easy access to award-winning barbecue (if that’s your thing). But the biggest highlight of the best metros for first-time home buyers? They all share relative affordability.

We’re admiring these 10 metros because, according to a recent Zillow analysis, their residents typically spend a lower share of their income on rent (to make it easier to save up for a home purchase), as well as on their mortgage payments. Plus, shoppers may find themselves facing lower competition for homes thanks in part to favorable for-sale listings-to-shopper ratios — our list features metros that, in October 2022, had as many as five or six times the amount of listings as the number of home shoppers…. READ MORE>>>https://www.zillow.com/resources/stay-informed/best-cities-for-first-time-home-buyers/?utm_content=resources_tr_heroimage&utm_medium=social-boosted-sm&utm_source=facebook&utm_campaign=zbw_brnd_z_image_all_multiple_032123_x_bestcitiesforfthb&utm_content=fbf|bestcitiesforfthb&fbclid=IwAR1JnqWXJDOk8KAQNQStXhXqaYh8nGkFEp480xKQr8Dqhl3hVFeomkzRw3w

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