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CEOWORLD magazine - Latest - Banking and Finance - These Are The 100 Best U.S. Cities for First-Time Homebuyers for 2024

Banking and Finance

These Are The 100 Best U.S. Cities for First-Time Homebuyers for 2024

Killeen, Texas

If you’re a first-time homebuyer, you might want to consider moving to Texas; according to a recent analysis by the global news publication CEOWORLD magazine, 11 cities in Texas rank in the top 100 places to buy your first home. This ranking was based on factors such as affordability, growth, potential, competition, and demographics to determine the most promising areas for young buyers to invest in a home.

According to recent evaluations of 100 cities, Killeen, a military town located in Texas, has been ranked as the top spot. The city has achieved this position due to its rapid expansion and affordable housing prices, which are almost half of the national median. Compared to other cities, Killeen offers a higher number of available homes, making it more favorable for prospective buyers. Furthermore, the town has a younger population, with a higher percentage of residents under the age of 40.

Texas has always been a popular destination for individuals who want to relocate to the United States. As per the latest data from the U.S. Census, the state has experienced a remarkable 43 percent increase in population between 2002 and 2022. Despite this rapid growth, the cost of living in Texas is still relatively affordable compared to the national average, making it an excellent option for first-time homebuyers to find their dream home. To help you navigate the housing market, we have compiled a list of the top 100 cities in the United States for first-time homebuyers. Additionally, we have included the median home price of each city to give you a better idea of the potential costs.

The 100 Best U.S. Cities for First-Time Homebuyers for 2024

RankCityStateMedian Sale Price (US$)
1KilleenTX252833
2Wichita FallsTX186650
3McAllenTX210833
4St. JosephMO156500
5Cape CoralFL350292
6WacoTX262817
7HuntsvilleAL294550
8BrownsvilleTX236500
9Green BayWI270167
10JacksonTN196667
11AppletonWI267250
12JacksonvilleNC252783
13SavannahGA329667
14MuncieIN144983
15ClarksvilleTN276000
16JacksonvilleFL346167
17YumaAZ270667
18PeoriaIL137417
19YoungstownOH147000
20AthensGA328000
21MemphisTN259283
22IndianapolisIN265167
23SpringfieldMO249967
24LawtonOK155667
25WichitaKS214833
26FayettevilleNC234667
27KnoxvilleTN316500
28OshkoshWI234417
29Warner RobinsGA228667
30RochesterNY213384
31MissoulaMT530000
32Johnson CityTN235333
33ColumbiaSC248317
34SpringfieldIL153833
35ChattanoogaTN284833
36PuebloCO305267
37Fort WayneIN220667
38RockfordIL158667
39TulsaOK244500
40South BendIN190917
41WilmingtonNC401667
42TylerTX325000
43Sioux CityIA206667
44JonesboroAR213500
45SyracuseNY200408
46CharlotteNC369150
47El PasoTX232325
48LakelandFL310633
49AkronOH183333
50EriePA160833
51LongviewTX235742
52TampaFL366667
53ReadingPA234817
54NashvilleTN410567
55ColumbusGA203500
56Port St. LucieFL379667
57GreensboroNC240667
58AugustaGA246717
59WinstonNC252083
60Oklahoma CityOK244250
61DecaturIL123333
62AshevilleNC398417
63ColumbusOH290000
64OgdenUT443333
65San AntonioTX311000
66FlintMI189617
67CincinnatiOH256192
68ToledoOH158333
69ClevelandOH196150
70BloomingtonIL211667
71GreenvilleNC231000
72Palm BayFL344750
73Des MoinesIA252083
74CantonOH180667
75LansingMI192950
76CharlestonSC412500
77TucsonAZ336667
78AmarilloTX226000
79EvansvilleIN197333
80Fort SmithAR185167
81GainesvilleFL283333
82St. LouisMO233333
83RacineWI207667
84ChampaignIL176833
85Eau ClaireWI269650
86BirminghamAL269167
87OrlandoFL387333
88Kansas CityMO288333
89MobileAL212833
90YakimaWA341246
91SpokaneWA388667
92Las CrucesNM272750
93VictoriaTX225950
94BakersfieldCA333333
95PortlandME463167
96DetroitMI239667
97AlbuquerqueNM333000
98Rapid CitySD333683
99ProvoUT491667
100PhiladelphiaPA322000

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CEOWORLD magazine - Latest - Banking and Finance - These Are The 100 Best U.S. Cities for First-Time Homebuyers for 2024
Despina Wilson
I am a senior editor and data journalist at CEOWORLD magazine. My job involves using infographics to report on news topics related to business and policy, with a global perspective. I hold a master's degree in journalism and have worked for newspapers and reporting projects in both the US and the UK, giving me a unique transatlantic perspective. I believe that data can enhance coverage of all news topics. As a contributor, I plan cover a wide range of issues, such as gender equality, climate change, labor, and immigration, using relevant statistics and insightful visualizations.

Email: despina@ceoworld.biz