Colorado cities dominate a recent study highlighting the top cities in the nation for first-time home buyers.
Four cities in the state are in the top 10 of WalletHub’s “Best & Worst Cities for First-Time Home Buyers” report, released on Tuesday.
Thornton (No. 3), Greeley (No. 6), Arvada (No. 8), and Centennial (No. 10) rank among the top cities for those looking to buy homes for the first time.
Westminster (23rd), Colorado Springs (24th), and Longmont (26th), Pueblo (34th), Fort Collins (35th), and Denver (48th) rounded out the top 50.
“WalletHub compared 300 cities of varying sizes across 27 key indicators of market attractiveness, affordability and quality of life,” the personal finance website said. “Our data set ranges from cost of living to real-estate taxes to property-crime rate.”
Thornton received a 66.3 overall score, ranking 39th in affordability, 14th in real estate market, and 116 in quality of life. Greeley received a 64.79 overall score, ranking 126th in affordability, 73rd in real estate market, and third in quality of life.
Tampa, Fla. (No. 1), Overland Park, Kan. (No. 2), Grand Rapids, Mich. (No. 4), Boise, Idaho (No. 5), Peoria, Ariz. (No. 7), McKinney, Texas (No. 9) rounded out the top 10.
Colorado’s top four cities on the report (Thornton, Greeley, Arvada, and Centennial) also ranked the top four small cities for first-time home buyers.