ADVERTISEMENT

Here are the 17 best cities for first-time homebuyers

Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets for first-time homebuyers.

null

Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets for first-time homebuyers.

ADVERTISEMENT

17. Riverside, CA

Breakeven Horizon 1Q 2017: 2 years, 5 months

Inventory: 14,462

ADVERTISEMENT

Households: 1,343,526

Annual Forecasted Home Value Appreciation: 3.8%

Share of Listings with a Price Cut: 13.4%

Source: Zillow

16. Philadelphia, PA

ADVERTISEMENT

Breakeven Horizon 1Q 2017: 2 years, 7 months

Inventory: 26,597

Households: 2,233,752

Annual Forecasted Home Value Appreciation: 2.3%

Share of Listings with a Price Cut: 17.3%

ADVERTISEMENT

Source: Zillow

15. Houston, TX

Breakeven Horizon 1Q 2017: 2 years, 4 months

Inventory: 24,960

Households: 2,292,992

ADVERTISEMENT

Annual Forecasted Home Value Appreciation: 1.5%

Share of Listings with a Price Cut: 17.9%

Source: Zillow

14. St. Louis, MO

Breakeven Horizon 1Q 2017: 2 years, 4 months

ADVERTISEMENT

Inventory: 12,373

Households: 1,108,303

Annual Forecasted Home Value Appreciation: 1.5%

Share of Listings with a Price Cut: 15.0%

Source: Zillow

ADVERTISEMENT

13. Kansas City, MO

Breakeven Horizon 1Q 2017: 1 year, 8 months

Inventory: 6,616

Households: 814,092

Annual Forecasted Home Value Appreciation: 2.9%

ADVERTISEMENT

Share of Listings with a Price Cut: 11.6%

Source: Zillow

12. Chicago, IL

Breakeven Horizon 1Q 2017: 2 years, 3 months

Inventory: 37,367

ADVERTISEMENT

Households: 3,470,993

Annual Forecasted Home Value Appreciation: 2.6%

Share of Listings with a Price Cut: 16.7%

Source: Zillow

11. Cincinnati, OH

ADVERTISEMENT

Breakeven Horizon 1Q 2017: 1 year, 9 months

Inventory: 6,160

Households: 832,607

Annual Forecasted Home Value Appreciation: 2.7%

Share of Listings with a Price Cut: 14.2%

ADVERTISEMENT

Source: Zillow

10. Cleveland, OH

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 10,045

Households: 849,475

ADVERTISEMENT

Annual Forecasted Home Value Appreciation: 1.8%

Share of Listings with a Price Cut: 14.1%

Source: Zillow

9. Dallas-Fort Worth, TX

Breakeven Horizon 1Q 2017: 1 year, 8 months

ADVERTISEMENT

Inventory: 16,331

Households: 2,479,995

Annual Forecasted Home Value Appreciation: 4.4%

Share of Listings with a Price Cut: 13.7%

Source: Zillow

ADVERTISEMENT

8. Detroit, MI

Breakeven Horizon 1Q 2017: 1 year, 7 months

Inventory: 13,919

Households: 1,674,251

Annual Forecasted Home Value Appreciation: 3.2%

ADVERTISEMENT

Share of Listings with a Price Cut: 12.7%

Source: Zillow

7. Atlanta, GA

Breakeven Horizon 1Q 2017: 1 year, 9 months

Inventory: 28,888

ADVERTISEMENT

Households: 2,028,705

Annual Forecasted Home Value Appreciation: 3.1%

Share of Listings with a Price Cut: 12.4%

Source: Zillow

6. Pittsburgh, PA

ADVERTISEMENT

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 10,830

Households: 990,355

Annual Forecasted Home Value Appreciation: 2.5%

Share of Listings with a Price Cut: 14.9%

ADVERTISEMENT

Source: Zillow

5. San Antonio, TX

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 7,444

Households: 791,273

ADVERTISEMENT

Annual Forecasted Home Value Appreciation: 3.0%

Share of Listings with a Price Cut: 17.2%

Source: Zillow

4. Las Vegas, NV

Breakeven Horizon 1Q 2017: 2 years, 1 month

ADVERTISEMENT

Inventory: 13,012

Households: 740,966

Annual Forecasted Home Value Appreciation: 4.8%

Share of Listings with a Price Cut: 12.0%

Source: Zillow

ADVERTISEMENT

3. Indianapolis, IN

Breakeven Horizon 1Q 2017: 1 year, 6 months

Inventory: 7,706

Households: 755,100

Annual Forecasted Home Value Appreciation: 3.0%

ADVERTISEMENT

Share of Listings with a Price Cut: 13.1%

Source: Zillow

2. Tampa, FL

Breakeven Horizon 1Q 2017: 1 year, 10 months

Inventory: 14,998

ADVERTISEMENT

Households: 1,166,704

Annual Forecasted Home Value Appreciation: 3.2%

Share of Listings with a Price Cut: 18.8%

Source: Zillow

1. Orlando, FL

ADVERTISEMENT

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 10,344

Households: 845,295

Annual Forecasted Home Value Appreciation: 3.8%

Share of Listings with a Price Cut: 17.4%

ADVERTISEMENT

Source: Zillow

SEE ALSO:

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

10 African countries that waste the most food in 2024

10 African countries that waste the most food in 2024

US troop withdrawal from Niger hangs in the balance

US troop withdrawal from Niger hangs in the balance

Detained Binance executives sue Nigerian authorities for human right violation

Detained Binance executives sue Nigerian authorities for human right violation

Nigeria's central bank increases minimum capital base for banks

Nigeria's central bank increases minimum capital base for banks

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Exploring the popularity of progressive jackpot slots in Indonesia

Exploring the popularity of progressive jackpot slots in Indonesia

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

ADVERTISEMENT