The top 15 cities in America to buy your first home

07-04-2017

(UsKings.us) While many cities in the Midwest and South — including San Antonio, Houston, Dallas, and others in Texas — proved exceptional for first-time homebuyers, Pittsburgh came out on top. Read on to find out the best 15 cities to buy a first home, plus statistics on mortgages, affordability, and home value.

15. Kansas City, Missouri

15. Kansas City, Missouri

Tupungato/Shutterstock

Number of mortgage lenders: 52

Loan funding rate: 78%

Average value per square foot: $85.75

Affordability ratio: 5.06

14. Corpus Christi, Texas

14. Corpus Christi, Texas

CrackerClips Stock Media/Shutterstock

Number of mortgage lenders: 27

Loan funding rate: 66%

Average value per square foot: $90.33

Affordability ratio: 5.35

13. Arlington, Texas

13. Arlington, Texas

Wikimedia Commons

Number of mortgage lenders: 19

Loan funding rate: 74%

Average value per square foot: $94.17

Affordability ratio: 4.81

12. Dallas

12. Dallas

kan_khampanya/Shutterstock

Number of mortgage lenders: 200

Loan funding rate: 70%

Average value per square foot: $99.08

Affordability ratio: 4.45

(TIE) 10. Wichita, Kansas

(TIE) 10. Wichita, Kansas

City of Wichita-Government/Facebook

Number of mortgage lenders: 35

Loan funding rate: 78%

Average value per square foot: $84.83

Affordability ratio: 5.31

(TIE) 10. Louisville, Kentucky

(TIE) 10. Louisville, Kentucky

silicon640c/Flickr

Number of mortgage lenders: 72

Loan funding rate: 75%

Average value per square foot: $87.92

Affordability ratio: 4.73

9. Fort Worth, Texas

9. Fort Worth, Texas

Philip Lange/Shutterstock

Number of mortgage lenders: 48

Loan funding rate: 74%

Average value per square foot: $86.33

Affordability ratio: 4.81

8. Colorado Springs, Colorado

8. Colorado Springs, Colorado

Vicki L. Miller/Shutterstock

Number of mortgage lenders: 85

Loan funding rate: 78%

Average value per square foot: $124.92

Affordability ratio: 4.45

7. Houston

7. Houston

Sean Pavone/Shutterstock

Number of mortgage lenders: 204

Loan funding rate: 69%

Average value per square foot: $87.50

Affordability ratio: 4.61

6. San Antonio

6. San Antonio

Sean Pavone/Shutterstock

Number of mortgage lenders: 125

Loan funding rate: 63%

Average value per square foot: $80.50

Affordability ratio: 4.68

5. Tulsa, Oklahoma

5. Tulsa, Oklahoma

jbdphotography/Shutterstock

Number of mortgage lenders: 51

Loan funding rate: 74%

Average value per square foot: $71.83

Affordability ratio: 4.67

4. Indianapolis

4. Indianapolis

KYPhua/Shutterstock

Number of mortgage lenders: 73

Loan funding rate: 77%

Average value per square foot: $70.58

Affordability ratio: 5.14

3. Omaha, Nebraska

3. Omaha, Nebraska

Scruggelgreen/Shutterstock

Number of mortgage lenders: 56

Loan funding rate: 84%

Average value per square foot: $107.08

Affordability ratio: 4.60

2. Oklahoma City

2. Oklahoma City

Matthew Rutledge/Flickr

Number of mortgage lenders: 83

Loan funding rate: 75%

Average value per square foot: $77.76

Affordability ratio: 4.46

1. Pittsburgh

1. Pittsburgh

Number of mortgage lenders: 35
 
Loan funding rate: 79%
 
Average value per square foot: $82.08
 
Affordability ratio: 5.11

 

 

 

According to businessinsider.com


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