The Best Market for First-Time Homebuyers Is …

The Best Market for First-Time Homebuyers Is …

The Best Market for First-Time Homebuyers Is …

First-time homebuyers must carefully consider a number of factors to weigh in their home search.

WalletHub scored 300 US cities for entry-level homebuying using factors include affordability, strength of the overall real estate market and quality of life.

The Washington, D.C. -based financial analyst site ranked 300 cities nationwide on their suitability for first time homebuyers, including 13 cities in Colorado.

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The city gained its rank from high home prices, home energy costs and overall living expenses.

Buying a home for the first time is a big milestone in everyone's life, a feeling of independence and growth. The city also earned the best "Real-Estate Market" rank according to the data. Followed by Cary, North Carolina, and Norman, Oklahoma to round out the top five finest markets.

Allen was singled out for its low crime rate.

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The WalletHub study comes as Colorado Springs continues to experience a robust housing market.

According to a study from WalletHub, a personal finance website, Murfreesboro, TN is the 10th best city in the country for first-time home buyers. The city ranked 28th and 26th in the "real-estate market" rank and "quality of life" rank.

Berkeley, Oakland, and Santa Monica, California follow suit. First-time home buyers beware.

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