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Buying a home in US for the first time? Here are the 10 most affordable places

Jan 12, 2024 09:36 PM IST

Here are the best locales for first-time homebuyers, offering affordable options without compromising on the quality of life.

Buying your first home is a big deal, and finding the right place can be a challenge, especially with skyrocketing prices and high mortgage rates. We've got the lowdown on the best locales for first-time homebuyers, offering affordable options without compromising on the quality of life. Here are the top 10 places that won't break the bank according to Realtor.com:

FILE - A "for sale" sign is posted in front of a home in Sacramento, Calif., March 3, 2022. The recent pullback in mortgage rates is spurring more homeowners to put their homes up for sale, though the increases so far have been too modest to return the housing market’s inventory of available properties back to even pre-pandemic levels.(AP)
FILE - A "for sale" sign is posted in front of a home in Sacramento, Calif., March 3, 2022. The recent pullback in mortgage rates is spurring more homeowners to put their homes up for sale, though the increases so far have been too modest to return the housing market’s inventory of available properties back to even pre-pandemic levels.(AP)

Irondequoit, New York:

Irondequoit takes the lead with a median listing price under $190,000, making it an ideal spot for first-time homebuyers. It has abundant work opportunities, a short commute, and potential price growth of over 10% for the year.

Benton, Arkansas:

In Benton, Arkansas, you'll find affordable homes, short commutes, and a decent quality of life. This locale checks all the boxes for first-time buyers looking for a budget-friendly yet comfortable place to call home.

Winterset, Iowa:

Winterset, Iowa, stands out with available and affordable homes, short commutes, and a community with a high share of 25 to 34-year-old homeowners. It's a great option for those seeking affordability without compromising on the social aspect.

Newington, Connecticut:

Newington, Connecticut, offers affordable housing options, short travel times, and a community with a significant presence of young homeowners.

Council Bluffs, Iowa:

Council Bluffs, Iowa, is another budget-friendly option with affordable homes, short commutes, and a community that's growing with young homeowners. It's a perfect place for those seeking economic practicality and a vibrant social atmosphere.

Cheektowaga, New York:

Cheektowaga, New York, provides good affordability, short commutes, and a community with a rising population of young homeowners. It's a promising locale for those looking to balance work, home life, and social interactions.

Grand Rapids, Michigan:

Grand Rapids, Michigan, is another good choice with affordable homes, short commutes, and an overall high quality of life. For first-time buyers, it's a place where economic practicality meets a comfortable lifestyle.

Also Read | Thousands of migrants are bidding farewell to New York City for these states

Moore, Oklahoma:

Moore, Oklahoma, offers affordable housing, manageable commutes, and a thriving community of young homeowners. It's a locale that promises economic viability and a supportive neighborhood.

Mattydale, New York:

Mattydale, New York, ensures homes are within reach, commutes are short, and the community is witnessing a rise in young homeownership. It's an emerging spot for first-time buyers looking for affordability and a growing social environment.

Riviera Beach, Maryland:

Riviera Beach, Maryland, rounds up the list with homes featuring friendly price tags, manageable commutes, and an active young community. It's a place where affordability meets an engaged and youthful atmosphere.

Read breaking news, latest updates from United States on topics related to politics, crime, along with national affairs. Stay up to date with news developments on Kamala Harris and Donald Trump also Canada eelction result live updates
Read breaking news, latest updates from United States on topics related to politics, crime, along with national affairs. Stay up to date with news developments on Kamala Harris and Donald Trump also Canada eelction result live updates
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