Real Estate

These are the best housing markets for first-time buyers

Zillow ranked metros based on home value, appreciation and more

Purchasing the perfect home can be difficult, especially for those navigating the housing market for the first time.

Luckily, a new report by Zillow reveals the country’s top housing markets for first-time buyers, measuring factors like home value, home appreciation, wealth and inventory.

“Becoming a homeowner for the first time is easier in some markets than others – and the difference is not strictly about home prices, although they have a big impact on how long it takes to save a down payment,” Zillow writes. “Strong inventory and lower competition for listings also make a difference – as does the market outlook.”

The video below highlights the top 5 most affordable rental markets, according to Zillow’s research: 

5. Orlando, Florida. In this metro, the median home value is $237,100 and 21.3% of home listings have experienced a price cut.

4. Atlanta, Georgia. In this metro, the median home value is $217,500 and 15.9% of home listings have experienced a price cut.

3. Phoenix, Arizona. In this metro, the median home value is $264,900 and 20.9% of home listings have experienced a price cut.

2. Las Vegas, Nevada. In this metro, the median home value is $277,900 and 23.9% of home listings have experienced a price cut.

1. Tampa, Florida. In this metro, the median home value is $213,600 and 24.8% of home listings have experienced a price cut.

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